Short-term rental ban in Penang has led to increase in property value, rental yield, says E&O
The ban on short-term rental in Penang has resulted in an increase in property values and rental yields, according to Eastern & Oriental Bhd (E&O).
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E&O’s 2Q net profit surges to RM30m on higher revenue, absence of forex loss
Property developer Eastern & Oriental Bhd (E&O) has recorded a net profit of RM29.73 million in its second financial quarter ended Sept 30, 2023 (2QFY2024), a huge leap from the RM16,000 net profit posted a year ago, mainly due to enhanced revenue and absence of unrealised foreign exchange loss of RM19.9 million recognised in 2QFY2023.
Kerjaya Prospek in sweet spot to secure more jobs in coming months, say analysts
RHB Investment Bank Research (RHB IB) has maintained its "buy" rating on Kerjaya Prospek Group Bhd at RM1.49 with a new target price (TP) of RM1.71 (from RM1.78) and said the company is in a sweet spot to secure more jobs in the coming months.
Zhejiang UNITY Technology, NCT sign MOU to set up facility in NCT Smart Industrial Park
China-based Zhejiang UNITY Technology Co Ltd on Wednesday signed a memorandum of understanding (MOU) with NCT Group of Companies to set up its facility in NCT Smart Industrial Park (NSIP) in Sepang, Selangor.
Think City managing director receives UN-Habitat Special Citation award
Think City managing director Hamdan Abdul Majeed was conferred a Special Citation by the United Nations Human Settlements Programme (UN-Habitat) on Sunday (Nov 19), in recognition of his leadership and contributions to urban regeneration.
Phillip Capital sees Lagenda Properties rebounding in FY2024 on record-high unbilled sales, Johor expansion
Phillip Capital has maintained its "buy" rating on Lagenda Properties Bhd at RM1.20, with a lower revalued net asset value-derived target price of RM1.51 (from RM1.55 previously).
S P Setia to launch Ferrous 2 on Nov 26
Following the successful premiere of Ferrous in March, S P Setia is poised to launch Ferrous 2 in Setia AlamImpian on Nov 26 (Sunday).
Matrix Concepts' 2QFY2024 earnings to be stronger on yearly basis, says MIDF
MIDF Research has maintained its “buy” rating on Matrix Concepts Holdings Bhd at RM1.60 with an unchanged target price of RM1.86 and said it expects the developer’s 2QFY2024 earnings to be stronger on a yearly basis, due to a pick-up in construction progress at its project sites.
LBS Bina posts 14% profit growth in 3Q despite lower revenue, higher finance costs
LBS Bina Group Bhd has recorded a 13.8% growth in net profit for the third quarter ended Sept 30, 2023 (3QFY2023), underpinned by better site construction activities, as well as cost savings upon delivery of vacant possession for two completed projects.
DONE DEAL: Semidee, Idamansara, Kuala Lumpur
Noteworthy:
- Freehold
- Built up size : 4,500 sq ft
- Land size: 3,250 sq ft
- 6 bedrooms, 6 bathrooms
- Semi-furnished
- Nearby amenities: Convenience stores, schools, Damansara City Mall, Bangsar Shopping Centre, MRT Semantan, MRT Pusat Bandar Damansara
- Accessibility: NPE highway, SPRINT highway
When: September 2023
