KUALA LUMPUR: UEM Sunrise Bhd has set a lower revenue growth target of 20% for the current financial year ending Dec 31, said chairman Tan Sri Dr Ahmad Tajuddin Ali.

Last year, the company fell slightly short of its 30% revenue growth target after having decided to defer some of its property launches to adapt to the changing market conditions.

KUALA LUMPUR: The manager of UOA Real Estate Investment Trust (REIT), UOA Asset Management Sdn Bhd (UOAAM), expects its dividend from the property trust to be consistent this year, despite concerns of higher cost of funds as well as the spike in utility tariffs.

KUALA LUMPUR: Gadang Holdings Bhd is confident that its revenue for the financial year ending May 31, 2014 (FY14) will exceed FY13’s revenue of RM354.07 million, based on its performance in the first two quarters.

KUALA LUMPUR: Comintel Corp Bhd has entered into a sale and leaseback agreement with AmanahRaya REIT (ARREIT), which entails selling its property in Shah Alam, Selangor for RM30 million cash and subsequently leasing it back from the real estate investment trust.

KUALA LUMPUR: Bintai Kindenko Pte Ltd, a 69.82%-owned subsidiary of Bintai Kinden Corp Bhd (BKCB) has secured a subcontract for a project known as Mapletree Business City2 in Singapore.

KUALA LUMPUR: The Employees Provident Fund (EPF) has emerged as a substantial shareholder of property development group UEM Sunrise Bhd.

A Bursa Malaysia filing yesterday showed that the EPF had on April 18 acquired 678,000 shares in a direct transaction. The price at which the shares were transacted was not disclosed.

KUALA LUMPUR: Having recently secured a contract from GOM Resources Sdn Bhd for pre-commissioning services for a 282km pipeline from Kerteh, Terengganu to the Malaysia/Thailand Joint Development Area on the border, Barakah Offshore Petroleum Bhd (Barakah) yesterday clinched another major contract.

KUALA LUMPUR: Eco World Development Group Bhd’s share price closed at a record high yesterday, following the sale by Tan Sri Liew Kee Sin (pic) of his remaining 67.79 million shares, or 2.75% stake, in S P Setia Bhd.

KUALA LUMPUR: The residential property sub-sector retained its lion’s share of the property market last year, accounting for 64.6% share in volume and 47.3% in value, according to the Property Market Report 2013 by the National Property Information Centre (Napic).

KUALA LUMPUR: The outlook for the local shopping complex and purpose-built office sectors is expected to be challenging this year, with increasing supply of space and slower take-up rate, said the National Property Information Centre (Napic).