News about es

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).

PETALING JAYA (Nov 16): Hua Yang Bhd has marked its entry into Penang’s property market with its maiden residential project, Meritus Residensi, located at Jalan Baru, Seberang Perai, Penang.

KUALA LUMPUR (Nov 16): S P Setia Bhd is expected to see strong fourth quarter earnings, due to the handover of the property developer's two overseas projects, according to RHB Research Institute Sdn Bhd.

Malaysian real estate investment trusts Maintain overweight: Concerns over tightening US interest rates are not expected to have a dampening impact on Malaysian real estate investment trusts (MREITs), in our view.

KUALA LUMPUR (Nov 16): Land & General Bhd (L&G) is acquiring four companies for a total of RM298.

SUBANG JAYA (Nov 16): Sunway Bhd plans to turn the office blocks located above the upcoming Sunway Velocity Mall into a real estate investment trust (REIT) product.

PETALING JAYA (Nov 15): Eco World Development Group Bhd (EcoWorld) and the Employees Provident Fund (EPF) will jointly develop Eco Grandeur and Eco Business Park V in Kuala Selangor, following a subscription and shareholders agreement (SSA) inked by both parties.

KUALA LUMPUR (Nov 15): Shares in Gadang Holdings Bhd extended gains in the mid-morning trades today, after RHB Research upgraded the stock to Buy, from Neutral, following the recent sell down, as well as bright earnings prospect ahead.

IOI Properties Group Bhd (Nov 14, RM2.

KUALA LUMPUR (Nov 15): AllianceDBS Research said IOI Properties Group Bhd was under downward pressure and that IOI Properties had on Nov 14 traded lower to RM2.