News about om

KUALA LUMPUR (June 29): Property developer Eastern & Oriental Bhd (E&O) said Brexit will not negatively impact the total net realisable value of the group’s properties in the United Kingdom.

•    Today, we continue our focus on Taman Desa by looking at average prices on a per sq ft (psf) basis.

•    Taman Desa is an affluent and established neighbourhood.

PETALING JAYA (June 27): Former Agriculture and Agro-based Industry Minister Tan Sri Noh Omar is now the Minister of Urban Wellbeing, Housing and Local Government following a cabinet reshuffle today.

Glomac Bhd (June 20, 78 sen) Maintain hold with an unchanged target price (TP) of 76 sen: Glomac Bhd’s financial year ended April 30, 2016 (FY16) year-on-year (y-o-y) core net profit growth of 28% came in as per our expectations but below consensus.

PETALING JAYA (June 20): S P Setia Bhd will hold a preview for Setia EcoHill 2 this  weekend, with prospective buyers having the opportunity to choose their desired units at the township’s sales gallery, said the group in a press release.

KUALA LUMPUR (June 17): Sunway Bhd expects to sustain its performance for the current financial year ending Dec 31, 2016 (FY16) despite challenges faced by the property and construction sectors.

KUALA LUMPUR (June 16): Bandar Malaysia Sdn Bhd has obtained funding for its massive project with the setting up of a fund backed by leading Chinese and Malaysian banks, with an asset base exceeding US$13 trillion.

KUALA LUMPUR (June 16): Property developer Glomac Bhd, whose latest quarterly profit has fallen 26% according to its bourse filing yesterday, is planning RM1.

•    Today, we look at price growth and indicative rental yields for non-landed homes in Tropicana/Sunway Damansara.