EcoWorld FY16 core net income within expectations
EcoWorld achieved its sales target of RM4 billion, securing sales of RM4.01 billion for FY16.
EcoWorld achieved its sales target of RM4 billion, securing sales of RM4.01 billion for FY16.
The spike in MGS yield is negative to real estate investment trusts (REITs) due to the narrowing spread between dividend yield of REITs and MGS yield which reduces the attractiveness of REITs.
Property-division earnings should decline, but the impact is minimal.
The Central Boulevard white site is the first sale of land in Singapore’s Marina Bay in nine years.
We have maintained our earnings estimates pending a possible asset sale, but have decided to maintain our numbers pending new management’s strategy and also due to being wary of negative earnings in upcoming 3QFY16/4QFY16 results.
These measures should relieve the burden of first-time homebuyers slightly...
Sunway is having high exposure in Johor whereby remaining gross development value (GDV) of RM30 billion from Johor land makes up 61% of Sunway’s total remaining GDV
Tiong Nam is set to expand its warehouse capacity by 50% in three years to cement its position in the industry. The group currently operates a 4.7m sq ft warehouse space and 2,106 vehicles, making it one of the largest domestic integrated logistics players.
Excluding the land disposal, revenue was lower by 14% year-on-year at RM105.8 million as certain projects such as Glomac Centro had reached the tail end of recognition.
The order book is of good quality as it mainly comprises public infrastructure projects with higher margins…