News by M

RHB is remaining “neutral” on CapitaLand while raising its target price to S$3.60 from S$3.15 previously, as it expects limited upside on the stock following the run-up in its share price, which has increased by about 20% in the year-to-date.

The move follows Sime Darby’s proposed standalone listing of its plantation and property under a pure-play strategy.

KL Gateway Mall will open its doors to the public tomorrow.

Sunway recorded RM1.2 billion new property sales in FY2016 (+0% y-o-y), underpinned largely by sales from Sunway Mont Residences (RM219 million), Singapore (RM184 million), Iskandar (RM128 million) and China (RM188 million).

Eco Sanctuary is a gated-and-guarded eco-themed haven which emphasises green spaces and a healthy lifestyle. It features seven precincts and a commercial hub offering a curated line-up of residential and commercial properties including landed homes, mid to high-rise residences, shopoffices, a strip mall and an abundance of green spaces.

MRCB recognised a gain of RM144.9 million from the sale of Menara Shell, and RM56.1 million from the sale of a leasehold land to Mass Rapid Transit Corp Sdn Bhd during the quarter.

Despite having no new launches slated for FY2017, management is targeting for property sales of RM500 million. This is solely derived from existing and incoming inventory amounting to around RM1 billion.

Its quarterly revenue was up marginally by 1.6% to RM149.32 million from RM146.93 million, mainly contributed by its construction segment, which generated RM102.9 million.

Kimlun has an estimated construction and manufacturing balance order book of approximately RM1.67 billion and RM260 million respectively as at Dec 31, 2016.

Worry-free retirement is something many people look forward to. However, with the rising cost of living, is it possible for a senior citizen to be entirely financially independent during his or her twilight years?