Ayer 2Q net profit within expectations
We believe the property division’s profit for the quarter was driven by its 140-unit landed villa development in its flagship township, Bandar Bukit Puchong.
I-Bhd likely to ride on urbanisation of outer Klang Valley area
Operating conditions have remained challenging in recent times, hence fund-raising activities of this nature are increasingly common among property players.
RM1.5b of new projects seen for E&O in next two years
The reclamation works for STP2A are progressing well with 97% completion today (based on two metres above sea level) and on track for completion by year-end and the first launch by mid-2020.
Job wins seen providing 2-year earnings visibility for Sapura Energy
PublicInvest Research: Maintain outperform with an unchanged target price of 46 sen
LBS’ 9MFY18 profit deemed in line with stronger quarters ahead
PublicInvest Research: Maintain outperform with a lower target price of RM1.16
IGB 3Q net profit above expectations
PublicInvest Research: Maintain neutral with a lower target price (TP) of RM2.80.
PNB arrangement seen unlocking Media Prima’s property value
Operations would continue as usual as Media Prima has entered into a tenancy agreement for Balai Berita Bangsar (headquarters) and Shah Alam (printing plant).
Yong Tai’s undertakings long-term value seen intact
Encore Melaka theatre has an annual capacity of 1,465,000 seats based on two shows per day from a total of 2,007 seats.
Turnaround foreseen for I-Bhd’s property investment portfolio
The group’s longer-term earnings visibility is secure and will be underpinned by its current unbilled sales of RM305 million and increasing contributions from the 8 Kia Peng project.
E&O expected to launch few projects in next 18 months
Among others, include 503 units of serviced apartments at the intersection of Jalan Conlay and Jalan Kia Peng.
