News about Sentral

In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.

ERL said the first train from KL Sentral will be at 5am, while the first train departure from KLIA Terminal 2 will be at 4.

Sentral REIT said the acquisition of the building from MRCB’s wholly-owned subsidiary Puncak Wangi Sdn Bhd, will be satisfied with cash raised through a combination of equity and debt funding exercises.

Sentral REIT said its management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent issued by MRCB to commence negotiations for the proposed acquisition.

The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.

Net income fell 13% to RM17.

Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.

DONE DEAL: Terrace house, Bandar Kinrara, Puchong, Selangor DONE DEAL: Shoplot, Jalan Kenari, Bandar Puchong Jaya, Selangor The shoplot unit is located at the strategic area of KIP Sentral, Sepang, Selangor while the commercial building is surrounded by an array of convenience stores and amenities.

MRCB added that the strong set of earnings was further boosted by the construction progress of the Light Rail Transit 3 (LRT3) project, despite shortages in labour and key building materials.

KUALA LUMPUR (Aug 22): Hong Leong IB (HLIB) Research has downgraded Sentral REIT to “hold” at RM1.