AmInvestment Bank Bhd said today it has upgraded the Malaysia real estate investment trust (REIT) sector to “overweight” from “neutral” as the research firm believes the worst is over for the industry, which has contended with the impact of Covid-19-driven restricted movement policies. In a note today, AmInvestment analysts wrote that for the next 12…
Read MoreMalaysia’s economy is expected to continue its journey towards recovery in the early months of 2021, according to the Department of Statistics Malaysia (DoSM). Citing the recent the Asian Development Bank (ADB) economic report, chief statistician Datuk Seri Dr. Mohd Uzir Mahidin said Malaysia’s gross domestic product (GDP) is projected to fall by 6% this year before bouncing back to 7% in…
Read MoreThe Valley @ SkySierra, Setiawangsa is a new offering by SkyWorld Development Sdn Bhd (SkyWorld) targeted to those looking for an affordable property option, located a stone’s throw away from Kuala Lumpur City Centre (KLCC). The Valleys will occupy a 4.66-acre plot of leasehold land presented across three different towers of varying heights, with the…
Read MoreInvesting in property is a reliable way to generate income and diversify your portfolio. (Rawpixel pic) Property investment is generally considered one of the most effective and reliable ways to generate income. It is also a good way to diversify your portfolio as property investment offers many other benefits, including cash flow, tax advantages, leverage…
Read MoreCertain buildings in the Klang Valley are making full use of the value they can offer tenants. (Jorge Láscar pic) All types of businesses are weathering the impact Covid-19 left on their business. The retail sectors of e-commerce, B2B, B2C and brick-and-mortar brands are among the notable casualties as people adapt to the new norm…
Read MoreSime Darby Property Bhd posted its second straight quarterly loss in its results for the third quarter ended Sept 30, 2020 (3QFY20) as it took a RM337.1 million impairment charge for its 40% share of the Battersea Power Station project in London, the UK after the Covid-19 pandemic impacted the delivery of the project. It…
Read MoreBerjaya Land Bhd has managed to narrow its losses by 69.4% to RM41.88 million for its first financial quarter ended Sept 30, 2020 (1QFY21), compared to a loss of RM136.77 million in the immediate preceding quarter as the group’s business segments resumed operations following the lifting of movement restrictions in the country. Loss per share…
Read MoreMalaysian Resources Corp Bhd (MRCB)’s net profit for the third quarter ended Sept 30, 2020 (3QFY20) slumped 63% to RM920,000 from RM2.52 million a year ago, as it saw slower construction activities at its projects amid the Covid-19 pandemic. Its revenue for the quarter was down 20% to RM297.63 million from RM372.74 million a year…
Read MoreTropicana Corp Bhd’s net profit for the third quarter ended Sept 30, 2020, fell 14% to RM14.51 million from RM16.8 million a year earlier, due to the temporary ceasing of activities and lower sales amid the pandemic. Revenue for the quarter was down 9% at RM223.97 million, versus RM246.13 million in the previous year’s corresponding…
Read MoreShah Alam is the most industrialised city in the country with 20 industrial parks. (Property Advisor pic) Shah Alam, the country’s first planned city, became the capital of Selangor in 1978 after Kuala Lumpur was declared a Federal Territory in 1974. The city spans about 30,000ha and borders Subang Jaya and Petaling Jaya to the…
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