Sime Darby Property’s City of Elmina to gain from better connectivity
And attract more buyers in the future...
And attract more buyers in the future...
AWC plans to introduce rail asset management programmes by working with rail asset owners and the Malaysian government.
Better hotel revenue trickled down to hotel profit before tax in 4QFY17…
Additional contributions from newly acquired the Kerry Warehouse, Johor, and the Wasco Facility, Kuantan.
Year-to-date financial year 2018 (FY18), Sime Darby Property has launched projects with a GDV of RM245.2 million in City of Elmina.
Even excluding Kuala Lumpur-Singapore HSR, the group is targeting a significant jump in outstanding order book of up to RM12 billion (RM400 million currently)
We believe MRCB’s construction prospects would be enhanced by potential new rail tenders.
CIMB Research maintains add call with a higher target price (TP) of RM1.21.
The rail double-tracking is an extension of the RM12.5 billion, 329km Ipoh-Padang Besar northern double-tracking project that was completed in 2012.
Sime Darby Property’s land bank within Negeri Sembilan and Johor is strategically located in close proximity to the Kuala Lumpur-Singapore high-speed rail project.