Ibraco resumes healthy growth path
Bucking the trend of revenue and earnings contraction as of Dec 31, 2016 (FY16), we see FY17 as an inflection point for Ibraco Bhd.
In Depth
Brighter prospects ahead for Kerjaya Prospek
We believe there should be more building contracts to be awarded to Kerjaya Prospek Group Bhd by Eastern & Oriental Bhd going forward, given the 12-year working relationship between the companies, and consistent contract flow from the latter over the past years.
AEON to continue store expansion but at slower pace
Despite dwindling contributions from its department stores (due mainly to an increasing shift in consumer preference to more trendy options such as Uniqlo, Topshop and Zara), revenue at the retail segment grew 5% in the financial year ended Dec 31, 2016 (FY16).
Ikhmas Jaya believed to resume its growth trajectory in FY17
The group has received a Letter of Award for a total contract value of RM188.6 million from BBCC Development Sdn Bhd for a construction project where the Pudu Prison was previously located.
Magna Prima FY18 earnings expected to rise
Magna Prima Bhd is a niche high-end property developer with pure exposure in the Klang Valley with a total land size of 29.6 acres (11.98ha).
Surbana Jurong grows through acquisitions, partnerships
The government-linked company has set its sights on expanding its global footprint by designing townships and infrastructure projects.
China’s liquidity squeeze casts shadow over Iskandar Malaysia
The closure of Forest City sales galleries in China as well as the termination of the Bandar Malaysia agreement have cast doubts on Chinese investments here.
Location mantra out the window in London
Location has always been a major factor when it comes to residential developments in all parts of the world. In the capital city of the UK, however, location is no longer the prime driver.
Buy or rent?
“Asians are different. Owning a property is part of the culture and those who don’t are somehow stigmatised.”
MRCB’s Bukit Jalil development JV sealed
Malaysian Resources Corp Bhd’s (MRCB) 85%-owned Rukun Juang Sdn Bhd (RJSB), Tanjung Wibawa Sdn Bhd (TWSB), a wholly-owned subsidiary of the Employees Provident Fund (EPF), and Bukit Jalil Sentral Property Sdn Bhd (Bukit Jalil Sentral) had on Wednesday entered into a subscription and shareholders’ agreement of which: i) RJSB and TWSB will co-invest in a special purpose company, namely Bukit Jalil Sentral, to jointly develop the land; and ii) the proposed disposal by RJSB of the land to the joint-venture company (JV Co) for an aggregated consideration of up to RM1.43 billion (RM430 per square foot).
