No change expected in Kerjaya’s earnings outlook
We believe further rerating catalysts for Kerjaya could be higher-than-expected replenishment or profit margins.
Kimlun seen to continue to expand landbank
Last Thursday, Kimlun Corp Bhd announced that it is acquiring two plots of land from Mah Sing Group Bhd for a total consideration of RM36.1 million.
Hua Yang acquires four parcels of land in Kajang for RM70m
The land is adjacent to the Kajang 2 development and is accessible via Jalan Reko via the Kajang SILK Highway.
Crescendo to launch properties worth RM300m in GDV
Unbilled sales stood at RM168.4 million, providing at least one year’s visibility.
Kimlun construction revenue seen to pick up pace
Kimlun’s outstanding construction order book stands at RM2.1 billion, providing visibility for the next two years.
Sunway REIT 1Q realised net income within expectations
Kenanga Research maintains outperform rating on Sunway REIT.
No major landbanking activity seen from Hua Yang
Hua Yang needs to focus on realising its pipelines and also future plans with Magna.
CMMT to spend RM100m on mall refurbishment in FY17, FY18
Management plans to spend RM30 million on capital expenditure in FY17 for general refurbishment at the Gurney Plaza and Tropicana City Mall…
More Klang Valley landbanking seen for Mah Sing
Mah Sing downgraded to market perform by Kenanga Research.
WCT’s new share placement not entirely a surprise
Outstanding order book currently stands at around RM6 billion providing earnings visibility for the next 2½ to three years.
