News by M

AmFIRST REIT opined that the prevailing slow economy would continue to negatively impact the overall office and retail market as “tenants are not expanding”.

AllianceDBS Research said stock volume traded on Nov 14 was 2.37 million shares compared to the 3-month average volume of 2.82 million shares.

Malaysia Airports Holdings Bhd chairman Tan Sri Wan Abdul Aziz Wan Abdullah said the second phase expansion, which is set to be completed in 2018, would see the mall hosting 190 shops from the 130 at present.

The research house said apart from strong medium-term earnings visibility, it has also laid foundation for the longer term.

The Penang Development Corp has accepted an offer by UDA Holdings Bhd to sell its stake in Tropical Island Resort Sdn Bhd (TIRSB) to Ideal Property Development Sdn Bhd for RM156 million.

Despite the soft property market, OCR Land Holdings Sdn Bhd is eyeing a 100% take-up rate for its serviced residence project The Pano @ Jalan Ipoh by 1Q2017.

RHB Retail Research said Malton Bhd may climb higher after inching above the 68.5 sen level in its latest session, albeit marginally.

The Edge Malaysia Property Excellence Awards 2016 (TEPEA 2016) gala dinner, which was held at the Hilton Kuala Lumpur on Oct 31, saw more than 450 industry players and experts gathering to celebrate the industry’s best.

The stronger bottomline was driven by a 44.4% increase in revenue to S$47 million due mainly to sales recognition of two residential projects in Melbourne and Gold Coast, Australia.

Global Oriental Bhd (GOB) presented and handed over a unit of its Galleria serviced apartment worth RM474,200 to Olympic silver medallist and mixed doubles badminton player Chan Peng Soon today.