News about AMI

Maintain buy with a lower target price (TP) of RM2: Sunway Real Estate Investment Trust’s (REIT) management targets to grow its property value to RM13 billion to RM15 billion by financial year 2025 (FY25), from RM8 billion at end-FY19, and diversify its asset base by increasing the allocation for service and industrial assets.

KUALA LUMPUR (Oct 14): AmInvestment Bank Bhd has maintained its "underweight" call on Gamuda Bhd at RM3.

KAJANG (Sept 23): Putrajaya is mulling a homeownership scheme for those who have problems securing a home loan in the upcoming Budget 2020, said Deputy Finance Minister Datuk Wira Amiruddin Hamzah.

KAJANG (Sept 23): Close to 40% of the overhang residential properties recorded in the country are made up high-rise units priced below RM400,000, according to latest data released by the National Property Information Centre (Napic) today.

KUALA LUMPUR (Sept 20): The Companies Commission of Malaysia (SSM) has initiated legal proceedings against former SRC International Sdn Bhd directors Nik Faisal Ariff Kamil and Datuk Suboh Md Yasin (pictured) for failing to submit the FY17 financial statement of SRC unit Gandingan Mentari Sdn Bhd.

KUALA LUMPUR (Sept 19): Ambank Islamic Bhd is seeking a public auction of a property in Penang belonging to Seacera Group Bhd over a sum of RM18.

PETALING JAYA (Sept 6): We are maintaining our “neutral” view on the property sector as the outlook remains challenging in the next 12 months.

KUALA LUMPUR (Aug 31): Ahmad Zaki Resources Bhd (AZRB)'s second quarter net profit fell 12% to RM4.

KUALA LUMPUR (Aug 29): Sime Darby Property Bhd is looking to grow its recurring income base to 10% of total revenue, from the current 6%, over the next five years, as it embarks on its transformation to expand into the key growth sectors of industrial and logistics development.

KUALA LUMPUR (Aug 28): The High Court here today had dismissed the prosecution's application to overturn the Sessions Court's earlier decision to transfer former deputy prime minister Datuk Seri Ahmad Zahid Hamidi's (pictured) trial involving seven corruption charges linked to Malaysia's foreign visa system to the Shah Alam Sessions Court.