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).
Stronger 4Q earnings expected for IOI Properties
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.
UEM Sunrise’s Kepong project expected to be well-received
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.
Investors believed to be comfortable with Matrix’s IFD project in Jakarta
Involvement in the development of North Jakarta’s Islamic Financial District (IFD).
MCT unbilled sales should give earnings visibility for next three years
RHB Research Institute: Maintain neutral with a lower target price (TP) of 75 sen.
IGB REIT seen to have lower non-renewal risk
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.
UEM Edgenta seen benefiting from Malaysia’s growing IFM market
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.
Stronger 2H seen for Cahya Mata Sarawak
Our TP cut factors in the risk of a potential delay in the Pan Borneo Highway Sarawak (PBHS) project.
HSR PDP initial fee contribution seen minimal for MRCB
Terms of the PDP Package 1 agreement will be negotiated over the next three weeks.
MGB seen to secure more PPA1M, other projects
MGB is to acquire a parcel of land measuring 9.4ha in Batu Pahat, Johor valued at RM22 million.
