News about YTL

KUALA LUMPUR (Dec 29): YTL Starhill Global REIT Management Ltd, the manager of Singapore-listed Starhill Global Real Estate Investment Trust (Starhill Global REIT), announced that the property trust’s trustee HSBC Institutional Trust Services (Singapore) Ltd has entered into a five-year S$550 million (about RM1.

KUALA LUMPUR (Dec 10): YTL Corp Bhd-controlled Starhill Global Real Estate Investment Trust (Starhill Global REIT), the assets of which include the Lot 10 Property and Starhill Gallery here, has announced its maiden issuance of perpetual securities or bonds worth S$100 million (about RM304 million) to enhance the financial flexibility of the property trust and diversify its funding sources.

Since the start of the year, some 1,000 staff working for Malaysia-listed YTL Corp have been operating out of YTL Tower, along Jalan Bukit Bintang in Kuala Lumpur.

KUALA LUMPUR (Nov 27): YTL Corp Bhd returned to the black in the first quarter ended Sept 30, 2020 (1QFY21) with a net profit of RM1.

KUALA LUMPUR (July 31): YTL Hospitality Real Estate Investment Trust’s (YTL REIT) net property income fell 26.

KUALA LUMPUR (July 20): YTL Land will be bringing in the first Japan brand specialty store Don Don Donki by early 2021.

KUALA LUMPUR (July 13): AmInvestment Bank Research has  upgraded the building material sector to “Neutral” (from Underweight) and said it sees a mixed picture for the sector.

KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.

KUALA LUMPUR (June 17): YTL Corp Bhd's net profit for the third quarter ended March 31, 2020 dropped 66% to RM29.

KUALA LUMPUR (April 22): YTL Starhill Global REIT Management Ltd, the manager of Singapore-listed Starhill Global Real Estate Investment Trust (Starhill Global REIT), has requested S&P Global Ratings to withdraw its corporate credit rating on the REIT and notes issued under the property trust’s medium-term notes programmes.