Inta Bina undeterred by property market slowdown
Its outstanding order book is also solid, standing at RM573 million as at end-December.
Its outstanding order book is also solid, standing at RM573 million as at end-December.
Analysts raise concerns over the company’s balance sheet, time taken to see returns after the acquisition.
At 10.27am, the counter was the fifth most traded on the local bourse.
The stock fell 17 sen to close at RM1.12 yesterday.
Has budgeted some RM80 million to enhance four of its five shopping malls in Malaysia this year.
It may not be a short wait for a reverse of sentiment towards property stocks.
Of all the 18 listed Malaysian REITs, nine finished lower yesterday…
All indices were trading in positive territory, save for REIT and Properties.
Average yield for Bursa-listed REITs is now at its highest since 2016.
Star is entitled to the RM50 million security fee in the form of a bank guarantee if JAKS fails to deliver Tower A on the stipulated date.