News about Brexit

Amcorp Properties Bhd (July 8, 87 sen) Downgrade to hold with a target price (TP) of 86 sen: With more than 90% of Amcorp Properties Bhd’s (AmProp) earnings derived from London, we believe Brexit would raise uncertainty over its sales, at least in the near term.

AT 10pm on June 23, the polls for the referendum on whether the UK should remain in or leave the European Union (EU) closed.

SINCE Britons voted to leave the European Union (EU) in the referendum on June 23, global markets have been reeling as the UK and the world come to terms with the implications.

SINGAPORE (July 5): The unexpected result from the UK referendum may have shaken stock markets globally and caused a temporary collapse of the pound, but JLL believes UK’s fundamentals remain sound and could mitigate the impact on the UK economy.

KUALA LUMPUR (June 29): Property developer Eastern & Oriental Bhd (E&O) said Brexit will not negatively impact the total net realisable value of the group’s properties in the United Kingdom.

KUALA LUMPUR (June 29): S P Setia Bhd is still positive on the long-term prospects of Battersea Power Station and remains committed to the development of the entire project, which is expected to be fully developed by 2025, despite the short-term uncertainty in the aftermath of Brexit.

PETALING JAYA (June 28): In view of the UK’s vote to leave the European Union (EU) last Thursday by a 51.

KUALA LUMPUR: Sime Darby Bhd said last Friday that the results of the UK’s referendum to exit the European Union (EU) will not impact the viability of the Battersea Power Station project.

PETALING JAYA (June 24): The UK’s decision to leave the European Union (Brexit) may have some impact in the near term, but IJM Corp Bhd chief executive officer and managing director Datuk Soam Heng Choon said it will not have any material long-term impact on subsidiary IJM Land Bhd.

PETALING JAYA (June 24): The UK’s decision to leave the European Union (Brexit) is expected to have minimal impact on the country’s economy and property market, said Jupiter Securities Sdn Bhd head of research Pong Teng Siew.