Frasers Hospitality Trust’s target price slashed following rights issue
SINGAPORE (Sept 23): UOB Kay Hian is keeping Frasers Hospitality Trust on “buy” but has cut its target price to 81 Singaporean cents, from S$1.
Poh Huat expands beyond existing bases into Australia
Poh Huat Resources Holdings Bhd (Sept 20, RM1.
Iskandar Malaysia on track to meet RM25 bil investment target
KUALA LUMPUR (Sept 6): The Iskandar Regional Development Authority (IRDA) is confident of achieving its 2016 investment target for Iskandar Malaysia after securing RM17.
S P Setia ready for next phase of growth
S P Setia Bhd is now on a sound financial footing after weathering a storm of challenges in the past two to three years, including changes to its management and shareholding structure, and an exodus of staff members in 2014.
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S P Setia launches Citizen Setia and Triple A Gold campaign
SHAH ALAM (Sept 5): S P Setia Bhd has launched a long-term rewards and appreciation programme called Citizen Setia for its existing and new property purchasers.
Zaha Hadid’s first tower in Melbourne unveiled
PETALING JAYA (Aug 16): Melbourne will soon usher in 600 Collins Street — the masterpiece of the world’s most renowned female architect, Zaha Hadid — after the Victorian government approved the $300-million project, Tourism Australia announced in a press release today.
CapitaLand’s Ascott to buy prime Australian property for S$71 mil
SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.
UEMS, E&O earnings below expectations
Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.
Salcon ventures into Australia with planned A$230m residential project
KUALA LUMPUR (July 1): Salcon Bhd is buying a plot of freehold commercial plot in Australia, together with a car park and a two-storey office building erected on it, for A$37.
