KUALA LUMPUR: Public Transport Commission (SPAD) has dismissed reports that the Kuala Lumpur-Singapore high speed rail project (HSR) may be delayed, despite having previously hinted that there might be “problems” with the timeline of the project’s expected completion.

KUALA LUMPUR (Nov 4): Tower Real Estate Investment Trust’s (REIT) net profit fell 49% to RM4.3 million in the third quarter ended Sept 30, 2014 (3QFY14), from RM8.4 million in the previous corresponding quarter.

The REIT is part of Tan Sri Quek Leng Chan's stable of Hong Leong Group companies.

BATTERSEA POWER STATION DEVELOPMENT CO LTD (BPSDC) kicked off the Battersea Power Station (BPS) global tour with a simultaneous global launch in seven cities last Friday.

BATTERSEA Power Station Development Co Ltd (BPSDC) kicked off the Battersea Power Station (BPS) global tour with a simultaneous global launch in seven countries last Friday.

KUALA LUMPUR: Analysts may have a “neutral” stand on the local real estate investment trusts (REIT) market with a less than rosy outlook for next year, but YTL Hospitality REIT seems to be shining through the gloom with its considerably high 12-month rolling distribution yield of above 8.29%.

KUALA LUMPUR: Agro-chemical producer Halex Holdings Bhd, which is upping its stake in property developer Kensington Development Sdn Bhd to 75% from 25% for RM32 million, wants to make the property segment a major revenue contributor to the group.

IOI Properties Group Bhd
(Oct 31, RM2.75)

Pavilion Real Estate Investment Trust
(Oct 31, RM1.50)
Downgrade to “underperform” from “market perform” with target price (TP) of RM1.48. The ninth month of financial year 2014’s (9MFY14) realised net income (RNI) of RM175.3 million came in within expectations, making up 77% of the street consensus and 78% of our estimate. As expected, there are no dividends.

KUALA LUMPUR (Oct 31): The state-of-the-art residential spaces at Phase 3 of the Battersea Power Station project in London, UK, has gone on sale, worldwide, and popular singer-songwriter Sting and his wife Trudie Styler have already snapped up a unit, intending to make it their London base.

KUALA LUMPUR: The Construction Industry Development Board Malaysia (CIDB) has updated its Quality Assessment System in Construction (Qlassic) system.