REITs outperform FBM KLCI in April
Real estate investment trust sector Maintain neutral: Recently, we met up with management of several real estate investment trust (REIT) companies under our coverage and they reiterated their cautious view on the overall operating environment amid subdued consumer sentiment.
EPF to buy 80% of MRCB’s ‘exchange’ land in privatisation of Bukit Jalil sports complex
KUALA LUMPUR (April 25): Malaysian Resources Corp Bhd (MRCB) said the Employees Provident Fund (EPF) has offered to acquire an 80% interest in ‘exchange’ land that the company will be receiving under the National Sports Complex privatisation project, for RM421.
MQREIT does not expect significant impact from office space glut
KUALA LUMPUR (April 13): MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.
MRCB to build RM56.8m facility for Giant in Kajang
PETALING JAYA (April 5): Malaysian Resources Corp Bhd’s (MRCB) unit MRCB Builders Sdn Bhd will build a cold storage processing and distribution hub in Kajang for national retailing chain Giant.
MRCB’s Penang Sky Cab to begin construction in 1Q2018
GEORGE TOWN (April 4): Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.
MRCB-Quill REIT’s next catalyst just around the corner
MRCB-Quill Real Estate Investment Trust (REIT) (March 30, RM1.
MRCB’s FY15 net profit boosted by gain on property disposals
Malaysian Resources Corp Bhd (Feb 23, RM1.
MRCB back in the black with RM26.79 mil profit
KUALA LUMPUR (Feb 23): Malaysian Resources Corp Bhd (MRCB) returned to the black with a net profit of RM26.
MRCB plans to venture to Indonesia, Thailand
KUALA LUMPUR (Dec 21): Malaysian Resources Corp Bhd (MRCB)'s executive director Mohd Imran Mohamad Salim (pictured) said that it is a continuous effort for the group to simultaneously grow its business yet pare down debts that stood at 1.
