News about London

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.

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): Eco World International Bhd (EWI) sees a “silver lining” for savvy investors in the UK referendum’s surprising “Leave” outcome, as it marks the end of protracted uncertainty while the consequent weakening of the pound sterling will encourage foreign investment in the property market.

KUALA LUMPUR (June 16): Malaysia Smelting Corp Bhd (MSC) is buying three parcels of land at Pulau Indah Industrial Park, Westport — along with plant and machinery on the properties — for RM50 million.

KUALA LUMPUR (June 10): Major Malaysian real estate investments in London will be affected if Britain leaves the European Union (EU) as it will result in a significant drop in the value of the pound sterling, said an economist.