AME REIT's IPO public portion oversubscribed by 2.46 times
AME Real Estate Investment Trust’s (AME REIT) initial public offering (IPO) for the Malaysian public portion was oversubscribed by 2.46 times.
Paramount Corp sees stronger rebound in property demand in 2H
Paramount Corporation Bhd said the second half of this year holds better prospects for its property sector as most of the economic uncertainty is expected to dissipate.
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Labour shortage impacts earnings recognition, says Sime Darby Property
Sime Darby Property Bhd said on Friday (Aug 26) labour shortage presents challenges to the property developer to fully recognise its profit and revenue due to delayed works at its construction sites.
MBSB 2Q net profit down 64% on higher opex, net impairment allowance
Malaysia Building Society Bhd’s (MBSB) second quarter net profit slipped 64.7% to RM142.3 million, from RM403.4 million a year ago, due to higher operating expenses (opex) and net impairment allowance.
UEM Sunrise cautiously optimistic of hitting RM1.5 bil sales amid pending launches, softer market
UEM Sunrise Bhd, which turned a net profit of RM20.7 million in the second quarter ended June 30, 2022 (2QFY22), is cautiously optimistic of achieving its sales target of RM1.5 billion.
UOA’s 2Q net profit falls 17% to RM45 mil on lower property sales
UOA Development Bhd’s net profit slipped 16.6% to RM45.3 million in the second quarter ended June 30, 2022 (2QFY22), from RM54.4 million a year earlier.
