Residential property sector bottoming
KUALA LUMPUR (Feb 23): Malaysia’s residential property absorption rate has hit a 14-year low, according to Kenanga Investment Bank Bhd head of equity research Sarah Lim.
IOI Properties’ 2H sales to stay strong — analysts
KUALA LUMPUR (Feb 23): IOI Properties Group Bhd’s sales is expected to remain strong in the second half of the financial year ending June 30, 2017 (2HFY2017) on the back of its Trilinq condominium project in Singapore, said analysts.
UOA Development 4Q earnings multiply threefold, proposes 15 sen dividend
KUALA LUMPUR (Feb 22): UOA Development Bhd’s net profit multiplied threefold to RM345.
IOI Properties posts higher earnings excluding previous FV gain
KUALA LUMPUR: IOI Properties Group Bhd posted a net profit of RM273.
IOI Corp 1H core net profit above expectation — AmInvestment
KUALA LUMPUR (Feb 21): AmInvestment Bank Bhd upgraded its IOI Corp Bhd net profit forecast by 9% for the current financial year after IOI reported first-half core net profit, which was above the research firm's and consensus expectations.
AEON BiG getting smaller
MORE than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line.
Hua Yang launches first phase of Bandar University Seri Iskandar
PERAK (Feb 20): Hua Yang has launched the first phase of Bandar University Seri Iskandar (BUSI), Perak.
TCS Arcadia banking on its proximity to education institutions in Bandar Saujana Putra
SELANGOR (Feb 17): TCS Group Holdings Sdn Bhd is set to officially launch its serviced apartment development TCS Arcadia on Feb 18 at Bandar Saujana Putra, Kuala Langat, Selangor.
‘PR1MA scheme has minimal impact on banks’
Banking sector Maintain neutral: On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.
Hektar REIT declares 2.7 sen DPU
KUALA LUMPUR (Feb 15): Hektar Real Estate Investment Trust’s (REIT) net property income (NPI) slipped 4.
