Weaker ringgit may impact Sime Darby Property’s profit margins, says MD
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
The property developer declared a second interim dividend of 1.
In a company update note on Friday, the research house expressed pleasant surprise at this development, considering it as yet another effort by SimeProp to activate its non-core land bank.
Sime Darby Property’s group managing director Datuk Azmir Merican said the partnership will serve as a vehicle to commercially develop affordable homes to provide greater access to homeownership for a wide range of customers.
Some of the brands are Jaya Grocer, Harvey Norman, The Coffee Bean & Tea Leaf, Nak Nak, Inside Scoop, Kenny Hills Bakers, Jibby & Co, Chica Bonita, Sushi Zanmai, Para Thai, Super Saigon, Dolly Dim Sum, Watsons, Toys“R”Us, Twigs Bookshop, Lavender Bakery, Nyonya Colors, Ali, Muthu & Ah Hock, The Bike Artisan, Pets Wonderland and Happy Fish.
“Landed residential is Sime Darby Property’s forte.
The property sector stood out as the second best performing sector on Bursa Malaysia in 2023 as the KL Property Index recorded an impressive return of 34.
The JV will now be Sime Darby Property’s wholly owned subsidiary, and will be renamed in due course, the group said.
Last month, Advancecon won a RM22.
These targets will be reached by retrofitting its assets with energy efficient technology, adopting renewable energy, encouraging behavioural change among its staff and using lower-carbon materials, amongst other things.