Selangor Properties 2Q earnings clipped on fair value loss, slips into the red in 1H
KUALA LUMPUR (June 26): Selangor Properties Bhd’s net profit for the second quarter ended April 30, 2018 (2QFY18) contracted by 22.
TA Global 1Q net profit almost triples on property disposal, compulsory acquisition
KUALA LUMPUR (May 31): TA Global Bhd's first quarter net profit almost tripled to RM230.
YTL Corp 3Q net profit down 52.4% on lower construction margins
KUALA LUMPUR (May 25): YTL Corp Bhd’s net profit for the third quarter ended March 31, 2018 (3QFY18) fell 52.
UOA Development director Alan Charles Winduss redesignated as chairman
KUALA LUMPUR (May 23): UOA Development Bhd independent director Alan Charles Winduss has been redesignated as independent and non-executive chairman of the company.
S P Setia earnings expected to recover gradually this year
S P Setia Bhd (May 15, RM3) Maintain outperform with a target price (TP) of RM4.
REIT managers say SC's REIT guideline amendments will drive market's growth
KUALA LUMPUR (April 24): The liberalisation in the permissible list of activities provides alternative growth opportunities to Malaysian Real Estate Investment Trusts (M-REITs) in the areas of acquiring vacant land to undertake property development activities, acquisition of assets with provision of income support and investments through private leases, said the Malaysian REIT Managers Association (MRMA).
UEM Sunrise’s Conservatory to start handover in end-Sept
PETALING JAYA (April 12): UEM Sunrise Bhd’s first project in Australia, Conservatory in Melbourne, is now in the completion stage, with apartment units from the first phase to be handed over to purchasers beginning end-September.
Fajarbaru buys stake to embark on third Australian project
KUALA LUMPUR (April 11): Fajarbaru Builder Group Bhd has, via its unit, bought 98 shares or a 49% stake in Australian firm Beulah Northcote Land Pty Ltd (BNL), for A$98 (RM290.
PNB sells London property
PETALING JAYA (April 2): Permodalan Nasional Bhd (PNB) has completed the disposal of its 90 High Holborn property in London for an undisclosed sum, said its chairman Tan Sri Abdul Wahid Omar.
