Batu Kawan 3Q earnings up 32% on higher contribution from all divisions except plantations
KUALA LUMPUR (Aug 15): Plantations conglomerate Batu Kawan Bhd has reported a 31.
KLK 3Q profit rises 25.9% on property, manufacturing ops
KUALA LUMPUR (Aug 15): Kuala Lumpur Kepong Bhd’s (KLK) net profit for the third financial quarter ended June 30, 2018 (3QFY18) jumped 25.
New guideline of allowing REITs to engage in property development a sector catalyst
Real estate investment trust sector Maintain neutral: We maintain “neutral” rating on the real estate investment trust (REIT) sector given the general oversupply situation but this should be offset by the appeal of REITs given the current uncertain equity markets.
KTMB's RM6bn projects delayed on protracted tender process
KAJANG (June 25): Keretapi Tanah Melayu Bhd's (KTMB) RM6 billion property development projects planned on three parcels of land at the Klang, Shah Alam and Bangi KTM stations were delayed due to the longer-than-expected tendering process between KTMB and Railway Assets Corp (RAC), said KTMB CEO Mohd Rani Hisham Samsudin.
Bukit Bayu residents trying to stop potential development in Bukit Cerakah forest
SHAH ALAM (June 21): Residents of Bukit Bayu in Section 10, Shah Alam are trying to halt a potential development in an estimated five to six hectares (12 to 15 acres) of forested area in Bukit Cerakah.
Y&G aborts plan to buy RM31m land in Pontian
KUALA LUMPUR (June 19): Y&G Corp Bhd has withdrawn plans to buy two adjacent parcels of freehold land totalling 23.
Mulia to align Exchange 106 development with current govt's mandate
PETALING JAYA (JUNE 4): Indonesia commercial property developer Mulia Group, who owns 49% of the Exchange 106 office building at Tun Razak Exchange (TRX) in Kuala Lumpur, is seeking guidance from the new Malaysian government on the project.
Hua Yang’s 4Q net profit falls 68% on lower margins
KUALA LUMPUR (May 23): Hua Yang Bhd’s net profit for the fourth financial quarter ended March 31, 2018 (4QFY18) shrank 68% to RM3.
Maybank Investment: GST zero rate positive but needs more clarity
PETALING JAYA (May 17): Although the imposition of the zero-rated Goods and Service Tax (GST) came earlier than expected, Maybank Investment Bank views the latest announcement by the new Pakatan Harapan (Pakatan) led government as a positive move which could spur the earnings growth of the property development industry.
OCR disposes loss-making subsidiary for RM4.4 mil
KUALA LUMPUR (April 27): OCR Group Bhd has entered into a share sale agreement with Singaporean Choo Peng Hung to dispose its entire equity stake of 100% in Takaso Industries Pte Ltd (TIPL) for RM4.
