Rights issue ‘dilutive to yield and NAV’ for Ascott REIT: Religare
SINGAPORE (March 7): The rights issue by Ascott Residence Trust to raise S$442.
Why SREITs should remain in your investment portfolio despite poor sector performance
SINGAPORE (March 7): OCBC Investment Research is maintaining its “overweight” on local REITs identifying bright spots in certain sub-sectors as well as the potential for bargain hunting even as the sector begins to pullback.
HSL good proxy for booming construction sector in Sabah, Sarawak
Hock Seng Lee Bhd (March 6, RM1.
KKB Engineering bags RM100.7m worth of jobs
KUALA LUMPUR (March 7): KKB Engineering Bhd has bagged two contracts worth RM100.
Singapore third most expensive city in Asia for construction
SINGAPORE (March 6): Singapore is revealed as the third most expensive city in Asia for construction, following Hong Kong and Macau, according to the International Construction Costs Index published on Monday by built assets design and consultancy firm Arcadis.
Perennial may appeal against dismissal of winding-up applications
SINGAPORE (March 6): The high court has dismissed the winding-up applications for three of Perennial Real Estate Holdings’ associated joint venture (JV) companies, namely: Capitol Investment Holdings, Capitol Retail Management and Capitol Hotel Management.
UOL acquires Hilton Melbourne South Wharf for S$246 mil
SINGAPORE (March 6): Property group UOL is acquiring Hilton Melbourne South Wharf for A$230 million (S$246 million) (RM776 million).
Bina Puri concludes FY16 on a strong note
Bina Puri Holdings Bhd (March 3, 43 sen) Maintain hold call with a revised target price (TP) of 49 sen: Bina Puri Holdings Bhd’s financial year ended Dec 31, 2016 (FY16) core profit of RM12.
Tight lending environment could continue until 2019
SETIA ALAM (March 4): Banks are not expected to loosen their lending policy in the next three years although the country's loan approval rate in 2016 was at a historical low, said Smart Financing CEO Gary Chua.
Strata properties offer good returns, says Exastrata Solutions
SETIA ALAM (March 4): Stratified property is a good option for investment but investors should do their homework and be a responsible owner if they want to ensure investment returns, said Exastrata Solutions Sdn Bhd chief real estate consultant Adzman Shah Mohd Ariffin.
