Adapting to changing market needs
Standing tall in Bandar Sunway, Selangor, Menara Sunway has been a landmark in the township for more than two decades.
Malaysian REITs down as investors turn cautious
KUALA LUMPUR (March 21): Share prices of Malaysian Real Estate Investment Trusts (REITs) fell this morning amid a positive market breadth, as cautious investors trimmed positions in a rising interest rate environment.
SunCon appointed project delivery partner for RM274m Penang project
KUALA LUMPUR (Feb 28): Sunway Construction Group Bhd’s (SunCon) unit has been appointed the project delivery partner for the expansion of a nine-storey commercial development to the existing Sunway Carnival Mall in Seberang Jaya, Penang.
Sunway REIT capex seen at RM60m to RM100m
Maintain outperform with a higher target price (TP) of RM1.
Hotel income boosts Sunway REIT 2Q earnings
KUALA LUMPUR (Feb 7): Sunway Real Estate Investment Trust’s (REIT) net property income (NPI) grew 10% year-on-year (y-o-y) to RM103.
Sunway REIT plans minimum RM100m investment for Penang mall extension
PETALING JAYA (Jan 9): Sunway Real Estate Investment Trust (Sunway REIT) is planning a minimum investment of RM100 million, with the bulk of this sum going towards building the second phase of its Sunway Carnival Shopping Mall in Seberang Jaya, on the mainland of Penang.
Raising stake in Sunway South Quay will lead to higher future earnings for Sunway
Sunway Bhd (Oct 11, RM1.
Sunway REIT’s acquisition of Sunway Clio for RM340m is ‘fair’, ‘reasonable’
KUALA LUMPUR (Oct 11): Sunway Real Estate Investment Trust’s (Sunway REIT) proposed acquisition of Sunway Clio Property from Sunway Bhd for RM340 million is fair and reasonable, and not detrimental to the minority shareholders, says independent adviser AmInvestment Bank Bhd.
Sunway 2Q net profit up 28%, declares seven sen dividend
KUALA LUMPUR (Aug 30): Sunway Bhd’s net profit rose 28% to RM196.
