AmProp’s 1QFY17 earnings within expectations

Amcorp Properties Bhd (Aug 22, 92 sen) Maintain hold with unchanged target price of 89 sen: In the absence of any major property disposal, Amcorp Properties Bhd’s (AmProp) net earnings contracted a sharp 92% year-on-year to a mere RM4.

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Brexit raises uncertainty over Amcorp’s sales

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.

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28 Tier 2 developers invited for plot R3-1

KUALA LUMPUR (Feb 19): Master developer Kwasa Land Sdn Bhd will invite 28 pre-qualified Tier 2 developers for its next residential plot, R3-1, the biggest thus far, sited on freehold land measuring 24.

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