Tambun Indah has maintained its RM150 million sales target for FY18.

1HFY18 net profit grew by a third year-on-year (y-o-y) thanks largely to stronger construction profit as the three key projects started to contribute more significantly, coupled with a slight improvement in property profit.

We expect either weaker sales of inventories or the possibility of more discounts to be given out in 2HFY18, which may result in a lower bottom line due to a challenging property market.

The company has outstanding tenders in excess of RM4 billion, comprising mainly external building jobs. 

Many property developers have forayed into gated-and-guarded landed strata developments, as they resonate with discerning homebuyers who seek safety and security, social status, and lifestyle facilities.

Segmental operating indicators were generally positive in 1H18, on the back of a 100% occupancy rate for offices, lower single-digit growth in retail rental reversion, and new parking and maintenance contracts in 1H18.

SunCon is actively seeking both external and in-house jobs and is confident of achieving its new targeted orders of RM1.5 billion by year end.

The 200-room, five-storey hotel was substantially renovated, refurbished and reopened in December 2010.

Encore Melaka theatre has an annual capacity of 1,465,000 seats based on two shows per day from a total of 2,007 seats.

The development of 93 Great Titchfield Street, London (75% stake, gross development value [GDV] of £11 million [RM57.59]) is expected to be completed by September 2018