E&O 4Q net profit down 22%, proposes one-for-50 treasury stock units
KUALA LUMPUR (May 25): Property developer Eastern & Oriental Bhd's (E&O) net profit fell 21.
No more landbanking activities seen for Hua Yang
Hua Yang Bhd (May 23, 45 sen) Maintain market perform with a lower target price (TP) of 47 sen: Hua Yang Bhd’s core net profit (CNP) for its financial year 2018 (FY18) ended March 31, 2018 of RM4.
Paramount posts lower net profit in 1Q
KUALA LUMPUR (May 24): Paramount Corp Bhd achieved sales of RM227 million in the first quarter ended March 31, 2018 (1QFY18), but reported a slight drop in first-quarter net profit to RM6.
S P Setia launches ‘Ka Ki Lang’ Bonanza campaign in Penang
PETALING JAYA (May 18): Property developer S P Setia Bhd Group has launched the “Ka Ki Lang” Bonanza campaign which offers a variety of rewards for new Setia property owners who purchase units from now until the end of this year at the Setia Welcome Center (SPICE) in Penang today.
S P Setia makes debut in mainland Penang
KUALA LUMPUR (May 18): Property developer S P Setia Bhd will launch its maiden project in mainland Penang in the second half of this year, which forms part of its launches totalling RM5.
Ewein ups stake in Penang developer
KUALA LUMPUR (May 16): Ewein Bhd is increasing its stake in Ewein Zenith Sdn Bhd to 89% from 73%, as part of its plan to gain control in the Penang-based property developer, which is currently developing a luxury sea-front residential project worth RM800 million in gross development value.
Savills Malaysia: Housing prices to firm up in 2019
PETALING JAYA (May 14): Property consultancy Savills Malaysia expects housing prices to firm up in 2019, with real estate developers only able to increase supply by early 2020, following renewed confidence in the market from the new government’s promise of clean and fair governance.
Penang to ask SPAD to give priority to LRT project, says Chow
GEORGE TOWN (May 14): The Penang government said it will push for the light rail transit (LRT) project under the RM27 billion Penang Transport Master Plan to be given priority by the Land Transport Commission (SPAD).
Making itself relevant at all times
It has been 11 years since Queensbay Mall in Bayan Lepas, Penang first opened its doors to the public, but it constantly has something new and fresh to offer.
DONE DEAL: Third floor of a 3-storey shoplot in Ayer Itam, Penang
Rented for: RM1,500 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Jan 4, 2018 Noteworthy: ● Freehold ● 1,300 sq ft ● Three-storey commercial lot ● Next to Sunshine Farlim Shopping Mall, F&B outlets, banks, clinic and student learning centre ● About 3km away from Penang Hill and Kek Lok Si Temple, 6km away to George Town, 15km away from Penang International airport in Bayan Lepas and 9km to the Penang Bridge The three-storey shop unit is situated at Jalan Pisang Berangan in Ayer Itam, Penang, which is a well-known part of Penang island for local hawker food and popular tourist spots such as Penang Hill and Kek Lok Si Temple.
