Slump in construction drags Vivocom's 1Q profit down 74%
KUALA LUMPUR (May 31): Vivocom International Holdings Bhd's net profit fell 74% to RM5.
Marco plans to diversify into property sector
UALA LUMPUR (May 31): Marco Holdings Bhd — the distributor of Casio watches, calculators, digital cameras and musical instruments — plans to expand its business into property development in the next two years.
Ascott Residence Trust acquires Doubletree by Hilton hotel in Manhattan for S$148 mil
SINGAPORE (May 31): Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.
Auditor casts going concern doubts on Damansara Realty
KUALA LUMPUR (May 31): Damansara Realty Bhd’s external auditor has issued a statement regarding a material uncertainty in the financial statements of Damansara Realty that may cast significant doubt on the company’s ability to continue as a going concern.
AZRB 1Q net profit up 45.7% on improved margin, higher property revenue
KUALA LUMPUR (May 30): Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.
This property group is poised for a pickup
SINGAPORE (May 30): DBS Vickers expects Frasers Centrepoint Ltd (FCL) and its REITs to deliver consistent returns in the coming years, leveraging on the improved outlook of their key markets of Australia and Singapore.
Rastam Isa retires as Tropicana Corp chairman
KUALA LUMPUR (May 30): Tan Sri Rastam Isa has retired from his position as independent and non-executive chairman of property developer Tropicana Corp Bhd.
Mitrajaya 1QFY17 broadly within expectations
Downgrade to market perform with an unchanged target price (TP) of RM1.
Voir mulls diversifying into construction, logistics
KUALA LUMPUR (May 30): Voir Holdings Bhd is looking to diversify beyond its existing fashion retail territory to include construction and logistics businesses.
Rush to launch Melbourne projects
PROPERTY developers with residential projects in Melbourne, Victoria are actively launching them ahead of July 1, when new punitive property cooling measures kick in.
