Construction may see postponement, cost reduction of projects
Construction sector Downgrade to neutral: The surprise election outcome with Pakatan Harapan (PH) winning the election led to a knee-jerk selldown in construction stocks.
Ideas: Property-related election pledges may hurt real estate market
PETALING JAYA (May 15): Election pledges made by the new Pakatan Harapan (Pakatan) government regarding affordable housing and the property market at large may hurt the industry as the new government seeks to further control the market which could potentially prevent its self-correction, said Institute for Democracy and Economic Affairs (Ideas) senior fellow Dr Carmelo Ferlito.
Matrix Concepts to jointly develop Islamic financial district in Jakarta
PETALING JAYA (May 15): Matrix Concepts Holdings Bhd today signed a Memorandum of Understanding (MoU) to jointly undertake the development of an Islamic financial district in Pantai Indah Kapuk 2 (PIK 2) Sedayu Indo City, Jakarta, Indonesia.
Enra sells 70% stake in property development firm for RM5.6m
KUALA LUMPUR (May 14): Enra Group Bhd has disposed of its 70% stake in property development firm Landmark Zone Sdn Bhd (LZSB) for RM5.
Cahya Mata Sarawak 1Q net profit up 50.7% to RM38.98m owing to OM Materials' turnaround
KUALA LUMPUR(May 15): Sarawak state infrastructure facilitator Cahya Mata Sarawak Bhd (CMSB) saw its net profit for the first quarter ended March 31, 2018 (1QFY18) surge 50.
YTL Corp’s ability to meet its order book target in the near term in doubt
TL Corp Bhd (May 14, RM1.
S P Setia nets RM1.1b sales in 1Q, upbeat on meeting RM5b FY18 target
KUALA LUMPUR (May 15): S P Setia Bhd has secured sales of RM1.
Gabungan AQRS says ECRL, Pan Borneo doesn't affect order book
KUALA LUMPUR (May 14): Gabungan AQRS Bhd, which saw its shares plummet 30% to RM1.
Review of megaprojects may be 'blessing in disguise'
KUALA LUMPUR (May 14): While markets are nervous that the new ruling coalition Pakatan Harapan’s pledge to review megaprojects may negatively impact the construction sector, some see the plan as a chance for greater inclusion of local players.
Excellent property management key to strata living
KUALA LUMPUR (May 12): The key to strata living is how well the property is managed because the condition of the building will significantly determine the value of your investment, said EdgeProp.
