Parkson to sell interest in China unit
It says disposal will boost current year earnings by RM300 million
Magna Prima’s land buy: Above market value, but deemed fair and reasonable
Magna Prima Bhd’s proposed acquisition of 5.25 acres leasehold land in Shah Alam for RM43 million to be developed into a residential project is deemed as fair and reasonable, says Affin Hwang Investment Bank Bhd.
UEM Sunrise's 2Q net profit falls 35% on year, revenue up
UEM Sunrise Bhd's second quarter net profit declined 35% on year to RM54.66 million, due to the property developer's one-off items in the previous corresponding quarter.
Genting’s 2Q profit up by more than four times
Genting’s leisure and hospitality business in the UK recorded higher revenue mainly due to the implementation of revised marketing strategies for international markets.
MRT Corp awards RM1.01b trackworks package to CCCC-George Kent JV
A joint venture between George Kent (M) Bhd and China Communications Construction Company Ltd (CCCC) has won the RM1.01 billion work package for trackworks, maintenance vehicles and work trains for the mass rapid transit (MRT) Line 2.
JAKS Resources’ 2Q earnings more than triple to RM9.83 mil
“Barring any adverse developments, the group will endeavour to achieve satisfactory performance in 2016.”
Boustead Plantation’s 2Q net profit doubles on gains from land disposals
The group has declared a second interim dividend of 3 sen per share, with Sept 5 as the ex-date and Sept 20 as payment date.
IGB to sell Renaissance KL for RM765 mil
The Group is expected to make a gain of approximately RM85 million net of tax in FY17, which will improve the net assets per share and earnings per share by 6 sen, according to the filing.
DaMen, Intermark lift PavREIT’s 2Q NPI up 13%
The trust’s quarterly NPI came in at RM81.4 million, compared with RM71.9 million a year ago. Revenue for the quarter also registered a growth of 14.7% to RM118.0 million from RM102.9 million in 2QFY15, its bourse filing yesterday showed.
