News about AP

SINGAPORE (Aug 23): A wholly-owned subsidiary of Yongnam Holdings is buying three parcels of industrial land in Johor for RM46.

ECO World Development Group Bhd is scheduled to hand over the first phase of the 1,089-acre Eco Majestic township in Semenyih, Selangor, by October.

SINGAPORE (Aug 22): CapitaLand Retail China Trust (CRCT) is looking at a “potential core asset” in its newest acquisition, the Galleria shopping mall in Chengdu, China.

KUALA LUMPUR (Aug 22): IOI Properties Group Bhd has reported a 3% drop in net profit for its fourth financial quarter ended June 30, 2016 (4QFY16) to RM389.

SINGAPORE (Aug 22): UOB Kay Hian is maintaining its “buy” rating for Genting Singapore, but with a lower target price of 84 cents from 88 previously as the casino operator is hit by lower mass market gross gaming revenue (GGR) at its Resorts World Sentosa (RWS) integrated resort.

DUE to the rising use of smartphones and the internet, what can retailers do to enhance their competitiveness? JLL Malaysia managing director YY Lau says with urbanisation, changing demographics and consumer behaviour, shopping habits have also evolved, forcing mall owners to rethink the way they operate.

TIMING is everything in business.

KUALA LUMPUR (Aug 19): Alignments and station locations for the Kuala Lumpur-Singapore high-speed rail (HSR) project are yet to be finalised, except for the location of HSR Terminus in Kuala Lumpur, which is Bandar Malaysia, said MyHSR Corp Sdn Bhd.

PETALING JAYA (Aug 18): MyHSR Corp Sdn Bhd is currently working with the Malaysian federal and state governments and authorities to determine the best locations for the Kuala Lumpur-Singapore High Speed Rail (HSR) stations.

Suria Capital Holdings Bhd (Aug 17, RM2) Downgrade to hold from buy with a lower target price of RM2.