Weaker utilities, lower cement earnings drag on YTL Corp's 2Q
KUALA LUMPUR (Feb 24): With no contracted power generation revenue and lower cement sales, YTL Corp Bhd's net profit slumped 37% on-year to RM147.
Encorp 4Q net profit up 280% on higher progress of development work
KUALA LUMPUR (Feb 24): Encorp Bhd’s net profit jumped 280% to RM16.
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.
Ascott partners SMU to launch living lab to field-test lyf
SINGAPORE (Feb 23): The Ascott Ltd, CapitaLand’s serviced residence business unit, is partnering Singapore Management University to launch a lab to field-test co-living concepts of its newest brand, lyf.
GIC announces joint acquisitions of S$1.05 bil Washington DC office portfolio
SINGAPORE (Feb 23): Singapore’s sovereign wealth fund GIC says it has formed joint ventures (JVs) with a group of investors to acquire over 2.
Econpile surges 7.46% on bagging RM570.4 mil job
KUALA LUMPUR (Feb 23): Econpile Holdings Bhd shares surged 7.
Immediate support for UEMS at RM1.14, says AllianceDBS Research
KUALA LUMPUR (Feb 23): AllianceDBS Research said the immediate support for UEM Sunrise Bhd (UEMS) was at RM1.
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.
Glomac 3Q net profit down 72% as revenue fell
KUALA LUMPUR (Jan 22): Glomac Bhd saw its net profit plunge 72% to RM5.
UOA Development 4Q earnings multiply threefold, proposes 15 sen dividend
KUALA LUMPUR (Feb 22): UOA Development Bhd’s net profit multiplied threefold to RM345.
