BCB scales down launches to bite-sized portions

KUALA LUMPUR (June 27): Little-known Johor Bahru-based property developer BCB Bhd, which has seen its earnings balloon near six times in the last four years, is scaling down its launches to bite-sized portions as headwinds continue to buffet the local property market.

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Fewer launches in the last quarter

THE impact of the Johor government’s move to freeze new applications for non-landed developments continued to be felt in 1Q2016, says KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan.

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Ho Hup trims FY16 profit growth target

KUALA LUMPUR (May 24): Ho Hup Construction Company Bhd, which saw its earnings slip 5% in the first quarter ended March 31, 2016 (1QFY16), has trimmed its profit after tax (PAT) growth target to between 15% and 20% for FY16, in view of the continued slowdown in the property market.

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