YTL Hospitality REIT's FY20-21 earnings to grow 9%, says Affin Hwang

KUALA LUMPUR (Dec 31): Affin Hwang Capital Research forecasts YTL Hospitality Real Estate Investment Trust (YTL REIT) to grow its distributable financial year 2020-2021 earnings (FY20-21E) by 9% year-on-year, driven by higher contributions from Green Leaf Niseko Village, JW Marriott KL and Brisbane Marriott Hotel, and lower financing cost for its Australian dollar borrowings.

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TA Securities: Possible privatisation of Tiong Nam in 2020

KUALA LUMPUR (Dec 30): TA Securities Holdings Bhd said today Malaysia's corporate actions in 2020 may include the privatisation of Tiong Nam Logistics Holdings Bhd by major shareholders based on the company's financial position, future cash requirement besides share price and public shareholding spread.

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Axis REIT to buy Bukit Raja property for RM37m

KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.

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