Paramount seen starting to monetise its assets
This is in line with the asset-light strategy that its chief executive officer, Jeffrey Chew, has always emphasised on.
Gadang earnings within estimates
Moving forward, earnings growth should continue to be anchored by the construction division, supported by an outstanding order book of RM1.5 billion…
MMC in MoU for Carey Island port development
MMC Corp Bhd (MMC), Sime Darby Bhd and Adani Ports and Special Economic Zone Ltd (Adani Ports) signed a memorandum of understanding (MoU) to undertake feasibility studies with regard to the development of an integrated maritime city on Carey Island, Selangor.
Further competition ahead for Hua Yang
We believe the relaxation of the 1Malaysia People’s Housing Programme (PR1MA) housing policies would have a negative impact on Hua Yang Bhd.
Cahya Mata Sarawak returns to growth path
Cahya Mata Sarawak Bhd (CMS) is an excellent proxy for the Sarawak Corridor of Renewable Energy development corridor. Aside from the Pan Borneo Highway that is expected to gain steam moving into 2017, its 50%-owned Sacofa Sdn Bhd may continue to churn decent returns and its 25%-owned OM Materials (Sarawak) Sdn Bhd (OMS) is on the right track to turn around.
Earnings visibility remains strong for Gadang Holdings
While Gadang has yet to win any construction jobs thus far in FY17, its management appears confident of at least maintaining its robust earnings recorded in FY16.
Al-Salam REIT a diversified syariah-compliant REIT
Its investment properties’ gross floor area totals 1.9 million sq ft with 1.5 million sq ft of total net lettable area...
Record RM8.5 bil outstanding construction order book for IJM
The company continues to bid for new jobs, while being selective in doing so.
S P Setia may be unable to rely on UK to drive new sales
As the full implications of the UK’s exit from the European Union will take time to unfold, we believe the associated political and economic uncertainties, coupled with the resulting impact on the British pound would make UK assets, including commercial properties, unattractive over the medium term.
S P Setia replenishes development sites in Australia
S P Setia Bhd has announced its acquisition of a 1.02-acre (0.414ha) piece of freehold land for a purchase consideration of A$101 million (RM302 million). The land was secured via a competitive bidding exercise from Telstra Corp Ltd, Australia’s leading telecommunications company. The land cost makes up 16% of the project’s gross development value (GDV) of A$640 million, which seems higher compared with S P Setia’s previous transactions of Parque Melbourne in St Kilda Road and Fulton Lane in 2010 and 2011 at around 10% of GDV.
