IKEA pushes south
JOHOR BAHRU (Sept 15): Furniture store IKEA laid the foundation for its first store beyond the Klang Valley today at a cement-pouring ceremony here, the group said in a press statement.
Glomac faces challenging sales target
Glomac Bhd (Sept 13, 76 sen) Maintain hold with a higher target price (TP) of 82 sen: Glomac Bhd’s upcoming first quarter ended July 31, 2016 (1QFY17) results could come in below expectations, with weaker core net profit quarter-on-quarter (q-o-q) and year-on-year (y-o-y).
Shining subsale market hotspots despite property market slowdown
PETALING JAYA: Despite the current property market slowdown, there are still investment opportunities on the subsale market, especially in Kuala Lumpur, that investors can ride on, said TheEdgeProperty.
Orando Holdings to reward Datuk Lee Chong Wei with a condo
PETALING JAYA (Aug 24): Property developer Orando Holdings will be rewarding Rio Olympics silver medallist Datuk Lee Chong Wei with a condominium unit worth RM1.
Tesco expects transformation to bear fruit this year
HYPERMARKET operator Tesco Stores (M) Sdn Bhd, which posted two consecutive years of losses, expects its performance to improve this year as its three-year transformation plan kicks off and begins to bear fruit.
EUPE anticipates better FY17 with Novum’s contribution
KUALA LUMPUR (Aug 22): After a rather dismal year in which earnings plummeted 75% on reduced profit margin as revenue slid 23% on lower construction contribution, Kedah-based property player EUPE Corp Bhd expects its financial year ending Feb 28, 2017 (FY17) to chart better numbers in both revenue and profit.
Construction boom gathers strength
KUALA LUMPUR (Aug 5): The construction boom seems to be gathering steam with a slew of mega infrastructure contracts being awarded of late.
Renewed passion for life after battling illness
SICKNESS is no deterrent for managing director and principal of Huttons One World, Aine Lee to succeed in the real estate industry.
Ekovest to keep EkoCheras Mall for planned REIT, says chairman
KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).
EkoCheras Mall secures key tenants
KUALA LUMPUR (July 18): Property developer Ekovest Bhd secured key tenants including Golden Screen Cinemas (GSC), Village Grocer, Borders Books, Starbucks and Coffee Bean for its EkoCheras Mall, which is within the RM2.
