PETALING JAYA (Sept 29): Hilton Garden Inn North – formerly the Cititel Express – and Hilton Garden Inn South – formerly the Hotel Empress – on Jalan Tunku Abdul Rahman, Kuala Lumpur, was sold for RM240 million by Singapore's Royal Group in August – barely three years after it had acquired the properties, reported The Edge Malaysia.
KUALA LUMPUR (Sept 28): Federal Commercial Crime Investigation Department (CCID) director Commissioner Datuk Seri Amar Singh Ishar Singh has denied allegation that police stole RM43.
Sapura Energy Bhd (Sept 25, 44 sen) Maintain trading buy with an unchanged target price (TP) of 81 sen: Sapura Energy Bhd announced that it had been awarded multiple contracts in four different countries — Malaysia, Australia, Brunei and Nigeria — with a combined value of about RM815 million.
KUALA LUMPUR (Sept 24): Reiterating Prime Minister Tun Dr Mahathir Mohamad's stance, Finance Minister Lim Guan Eng emphasised that while Malaysia welcomed all foreign property investors, it was opposed to the construction of townships exclusively for foreigners.
Sunway Construction Group Bhd (Sept 18, RM1.
Real estate investment trust sector Maintain neutral: There are no surprises for 2QCY18 earnings for real estate investment trusts (REIT).
Construction sector Maintain neutral: For the recent second quarter of 2018 results season, seven (54%) out of the 13 contractors under our coverage reported core earnings that were below expectations and six (46%) were within.
PETALING JAYA (Sept 4): UOA Real Estate Investment Trust (UOA REIT) is considering forming sub-management committees (sub-MCs) for properties held under UOA REIT as this will allow the different components in mixed developments to operate independently and avoid potential disputes.
KUALA LUMPUR (August 31): IGB Bhd is undertaking an internal group reorganisation which will see its 49.
KUALA LUMPUR (Aug 30): Former prime minister Datuk Seri Najib Razak (pictured) reportedly avoided media glare when he turned up for questioning by the police this morning.
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