News about S

KUALA LUMPUR (July 20): I-Bhd’s net profit for the second quarter ended June 30, 2016 (2QFY16) soared by 72.

KUALA LUMPUR (July 20): RHB Bank and RHB Islamic Bank will revise their base rates (BR) to 3.

KUALA LUMPUR (July 20): Shares in Kerjaya Prospek Group Bhd rose as much as 3% to hit its historical high in early trades today, after the group secured a RM214 million construction contract and declared a four sen dividend.

KUALA LUMPUR (July 20): CapitaLand Malaysia Mall Trust (CMMT) share price hit a one-year high of RM1.

KUALA LUMPUR (July 20): PRG Holdings Bhd, which is planning to develop affordable housing in Sungai Buloh, Selangor, is exploring business opportunities in Myanmar and the Philippines to expand the company’s construction and real estate development operations.

KUALA LUMPUR (July 20): Selangor Menteri Besar Datuk Seri Azmin Ali has urged Bank Negara Malaysia (BNM) to look at measures to help potential first-time homebuyers acquire properties to increase home ownership.

Construction sector Maintain overweight: The remaining eight Pan Borneo Highway work packages worth around RM10 billion will be awarded this month, according to a news report.

IOI Properties Group Bhd July 19 (RM2.

THE real estate sector may deliver better returns than bonds, but investors should be patient and selective when looking at new property allocations, according to the Global Alternatives Survey 2016, published by Willis Towers Watson, a leading global advisory and broking and solutions company headquartered in London.

REAL estate investment trusts (REITs), as prospective property buyers, not only provide a new source of deals but is also an avenue for banks to cut property-related lending exposure as developers raise cash from property disposals to relieve their stretched balance sheets.