News by M

The research house’s top “buy” picks are City Developments Limited (CDL), CapitaLand and UOL Group at target prices of S$9.90, S$7.20 and S$3.60 respectively.

CapitaLand intends to open eight new shopping malls in 2017, six of which are retail components of integrated developments in China, and one each in Malaysia and India.

CIMB Group Holdings Bhd is bracing for a "slight slowdown" in home and car loans in 2017, as the banking sector contends with weak consumer sentiment, CIMB group consumer banking CEO Samir Gupta said.

Rafizi questioned whether there are enough exports to fully utilise the 600km ECRL as the 70km rail is not fully utilised now.

S P Setia Bhd reported a cumulative nine months in financial year 2016 profit after tax and minority interest of RM383 million, accounting for 59% and 57% of Hong Leong Investment Bank’s and consensus estimates, respectively.

Sales momentum was sustained in 2QFY17 with new sales reaching RM250 million.

Press reports have previously indicated that the recent ECRL memorandum of understanding does not exclude potential partnerships with, or the participation of, local contractors.

Lim rubbished the claim by Teng saying that it was dangerous slander.

Meritus Residensi will consist of 480 units of serviced apartments and 15 retail units with an estimated gross development value of RM220 million.

S P Setia Bhd is expected to see strong fourth quarter earnings, due to the handover of the property developer's two overseas projects, according to RHB Research Institute Sdn Bhd.