Sime Darby to place up to 5% of its shares to raise RM2.37 bil
KUALA LUMPUR (Aug 23): Sime Darby Bhd is proposing a placement up to 316.
JAKS Resources’ 2Q earnings more than triple to RM9.83 mil
KUALA LUMPUR (Aug 23): JAKS Resources Bhd’s net profit for the second quarter ended June 30, 2016 (2QFY16) increased by more than three times to RM9.
KLGCC Resort rebranded as ALYA Kuala Lumpur
KUALA LUMPUR (Aug 23): Sime Darby Property Bhd, the property arm of Sime Darby Bhd, said it is changing the name of the 360-acre (145.
AmProp’s 1QFY17 earnings within expectations
Amcorp Properties Bhd (Aug 22, 92 sen) Maintain hold with unchanged target price of 89 sen: In the absence of any major property disposal, Amcorp Properties Bhd’s (AmProp) net earnings contracted a sharp 92% year-on-year to a mere RM4.
Tesco expects transformation to bear fruit this year
HYPERMARKET operator Tesco Stores (M) Sdn Bhd, which posted two consecutive years of losses, expects its performance to improve this year as its three-year transformation plan kicks off and begins to bear fruit.
82,012 PPA1M units approved so far, says PM
KUALA LUMPUR (Aug 22): The government has approved 82,012 units of houses under the 1Malaysia Civil Servants Housing project (PPA1M) nationwide, Prime Minister Datuk Seri Najib Tun Razak said today, reported Bernama.
CapitaLand Retail China Trust’s newly-acquired mall a ‘potential core asset’
SINGAPORE (Aug 22): CapitaLand Retail China Trust (CRCT) is looking at a “potential core asset” in its newest acquisition, the Galleria shopping mall in Chengdu, China.
IOI Properties 4Q profit down 3% on higher tax expenses, pays 8 sen dividend
KUALA LUMPUR (Aug 22): IOI Properties Group Bhd has reported a 3% drop in net profit for its fourth financial quarter ended June 30, 2016 (4QFY16) to RM389.
EUPE anticipates better FY17 with Novum’s contribution
KUALA LUMPUR (Aug 22): After a rather dismal year in which earnings plummeted 75% on reduced profit margin as revenue slid 23% on lower construction contribution, Kedah-based property player EUPE Corp Bhd expects its financial year ending Feb 28, 2017 (FY17) to chart better numbers in both revenue and profit.
