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Matrix Concepts in Forbes 200 best Asia list
SEREMBAN: Matrix Concepts Holdings Bhd is listed among the 200 best companies in Asia — Asia’s Best Under a Billion — in the latest Forbes Asia magazine.
Chairman Datuk Mohamad Haslah Mohamad Amin said the achievement was due to the company’s strong performance and viability.
REITs not likely to be affected by another OPR hike, say analysts
KUALA LUMPUR: The yields from real estate investment trusts (REITs) will remain at current levels, even if the overnight policy rate (OPR) is increased again by year-end.
CapitaLand’s 2Q profit rises 14% to S$438.7m
SINGAPORE: CapitaLand Ltd, Southeast Asia’s biggest developer, said second-quarter profit rose 14% as it posted higher earnings from its key businesses and recorded gains from investment properties.
Asset injections will lift Axis REIT’s earnings
Axis Real Estate Investment Trust
(Aug 5, RM3.46)
Maintain buy with target price of RM3.60: Axis REIT’s net income for the second half ended June of financial year 2014 (2HFY14) was 48% of our FY14 estimate. Revenue was flat quarter-on-quarter (q-o-q) while net property income margin inched up by one percentage point q-o-q to 85% due to lower property expenses.
Gamuda’s land acquisition to be completed by October
Gamuda Bhd
(Aug 5, RM4.84)
Gamuda buys Salak Land to gain 619ha tract
KUALA LUMPUR: Gamuda Bhd plans to acquire the entire stake in Salak Land Development Sdn Bhd for RM784.328 million cash as it hopes to gain ownership of the latter’s 619ha tract of land located right next to Expressway Lingkaran Tengah (Elite Highway).
Bina Puri to build Universiti Malaysia Sabah hostel
KUALA LUMPUR: Bina Puri Holdings Bhd has secured a contract to build a hostel for Universiti Malaysia Sabah for RM115.42 million.
In an announcement to Bursa Malaysia yesterday, Bina Puri said its unit, Bina Puri Sdn Bhd, had accepted a letter of award from Arkitek TM on behalf of its employer, Likas Bay Precinct Sdn Bhd.
