Hotel, retail segments drive KLCCPSG’s revenue higher
KLCCP Stapled Group
(May 12, RM6.47)
KLCCP Stapled Group
(May 12, RM6.47)
Eco World Development Group Bhd
(May 12, RM4.68)
Initiating coverage with add call and target price of RM8.00: We initiate coverage on Eco World with an “add” call and implied target price of RM8 (ex-rights and warrants target basis of parity with revised net asset value). This provides investors 72% upside.
JOHOR BARU: Tebrau Teguh Bhd is currently in discussions with local and international property players to jointly develop strategic waterfront tracts sprawled across 400ha of the Tebrau-Plentong river basin here.
KUALA LUMPUR: Led by the property sector, the value of construction works done in the first quarter of the year grew a sharp 21.2% to RM25 billion —the fastest year-on-year (y-o-y) pace since Q42012 and the highest level since data collection began in 2008. Value of works done grew by a slower 11.3% y-o-y last quarter in contrast.
KUALA LUMPUR: Eupe Corp Bhd plans to roll out at least four projects, two projects each in Selangor and Kedah, with a combined gross development value (GDV) of RM960 million in the current financial year ending Feb 28, 2015 (FY15).
THE eighth edition of The Edge Investment Forum on Real Estate that was held at The Royale Chulan Damansara in Mutiara Damansara on April 19 drew an enthusiastic crowd of more than 650. Registrants were already making their way to the hotel’s ballroom as early as 8am, an hour before the forum was to start.
PROPERTY transactions will slow down, but property prices will remain resilient and continue to increase in Greater KL and Penang, said Previndran Singhe, CEO of Zerin Properties.
IN THE property sector, “location, location, location” is the mantra of developers and investors looking to invest in areas that can offer the best capital appreciation. But not everyone has a keen eye for potential gems.
Ho Chin Soon, director of Ho Chin Soon Research Sdn Bhd, has a simple solution: Follow the infrastructure.
THE LONDON residential property market is set to see continued growth, thanks to demand outstripping supply, said Nicholas Holt, Knight Frank’s Asia-Pacific head of research, in his presentation titled “Investing in London — is it too late?” at The Edge Investment Forum on Real Estate 2014.
WILL housing prices fall to more affordable levels? It is “not impossible, but improbable”, according to two property developers at The Edge Investment Forum on Real Estate 2014.