Operating conditions have remained challenging in recent times, hence fund-raising activities of this nature are increasingly common among property players.
The reclamation works for STP2A are progressing well with 97% completion today (based on two metres above sea level) and on track for completion by year-end and the first launch by mid-2020.
PublicInvest Research: Maintain outperform with an unchanged target price of 46 sen
PublicInvest Research: Maintain outperform with a lower target price of RM1.16
Encore Melaka theatre has an annual capacity of 1,465,000 seats based on two shows per day from a total of 2,007 seats.
The group’s longer-term earnings visibility is secure and will be underpinned by its current unbilled sales of RM305 million and increasing contributions from the 8 Kia Peng project.
Among others, include 503 units of serviced apartments at the intersection of Jalan Conlay and Jalan Kia Peng.