SINGAPORE (May 30): On May 13, during a 1HFY2020 results briefing by Frasers Property’s (FPL) management, there were some questions on the company’s higher gearing, which had risen to 106.
The economic costs associated with Covid-19 go beyond those incurred by any other previous crises.
The close to two-month Movement Control Order (MCO) to curb the spread of the Covid-19 outbreak which began on March 18 had forced every strata property owner and residents to have a newfound appreciation for effective property management and proper maintenance of the buildings they live in.
KUALA LUMPUR (May 28): Ho Hup Construction Company Bhd's net profit for the first quarter ended March 31, 2020 (1QFY20) tripled to RM15.
Many wise people have said that there are always opportunities in a crisis.
KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.
KUALA LUMPUR (May 19): AmFIRST Real Estate Investment Trust (AmFIRST REIT) saw its net property income (NPI) for the fourth quarter ended March 31, 2020 (4QFY20) decline by 4.
KUALA LUMPUR (May 18): China is seeing “signs of gradual recovery in the property market” as Beijing eases Covid-19 “restrictions on movement”, Reuters reported today.
KUALA LUMPUR (May 15): MTD ACPI Engineering Bhd has bagged a RM184.
KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.
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