Pavilion REIT’s first quarter of financial year 2019 (1QFY19) distributable income of RM72.2 million (+3.5% year-on-year [y-o-y]) came in within expectations at 25.6% and 26.5% of our full-year forecast and full-year consensus estimates respectively.
We expect the upcoming quarter core net income to be on par with the set of numbers in the previously corresponding period. We expect this to be supported by positive rental income growth from Sunway Pyramid.
Justice Nazlan said the three criminal breach of trust (CBT) charges faced by Najib are not defective as an offence of money laundering and CBT charge is found to be valid following a Court of Appeal decision where in a similar case, the accused is charged with money laundering and CBT. There is no ambiguity on the positions of Najib being prime minister, finance minister and advisor emeritus of SRC, he added.
Naim Bahagia Residences is one of the first stratified properties in Naim Bandar Baru Permyjaya, one of the largest townships in Miri, Sarawak being developed by Naim Group of Companies since 1995. It is home to more than 20% of Miri’s population today.
“In the past 20-over years, the building management team and ExxonMobil have been working very closely to manage the building and I am proud to say that Menara ExxonMobil is performing well in terms of occupancy and rental growth today despite the overall economic slowdown,” says KLCC Property Holdings CEO Datuk Hashim Wahir.
“We had a lot of challenges here at Verdi Eco-dominiums including rectifying defects. But we put in a lot of effort to solve them. We are happy that the residents appreciate what we have done and we will be working very closely with them to make this property a success,” says SCM general manager Paul Richard.