Sunway University expected to strengthen Sunway REIT’s earnings
The retail segment is the largest segment for the REIT, contributing over 76% of net property income (NPI) in the first nine months of financial year 2019 (9MFY19).
The retail segment is the largest segment for the REIT, contributing over 76% of net property income (NPI) in the first nine months of financial year 2019 (9MFY19).
Despite the drop in its year-to-date revenue, IOI Properties’ net earnings still grew, largely due to the property sales from South Beach Residences, in addition to the stable growth from its property investment division.
Recall UEM Sunrise boldly entered into a joint venture to develop a 73-acre (29.54ha) land in Kepong yielding a gross development value (GDV) of RM15 billion over 15 years.
Involvement in the development of North Jakarta’s Islamic Financial District (IFD).
RHB Research Institute: Maintain neutral with a lower target price (TP) of 75 sen.
RHB Research Institute: We trim FY18-FY20F earnings by 1% for housekeeping purposes. However, we nudge up our discount dividend model-based TP to RM1.89 after rolling over our valuation to FY19.
There is potential for Edgenta’s subsidiary Edgenta Propel Bhd to win the maintenance work contract for the Pan Borneo Highway Sabah project, despite the possibility of a change in the project delivery partner model.
CMSB shares hit limit down last Friday, with shares falling 29.75%.
Our TP cut factors in the risk of a potential delay in the Pan Borneo Highway Sarawak (PBHS) project.
Terms of the PDP Package 1 agreement will be negotiated over the next three weeks.