Sunway REIT

Size matters

Sri Lankan venture

2QFY10 : No surprises

Annualised Earnings Fall Short

KUALA LUMPUR: Property developer Asia Pacific Land Bhd (AP Land) is partnering HELP International Corp Bhd (HELP), by identifying education business opportunities worldwide, including in Malaysia and China.

HONG KONG: HSBC expects the number of real estate investment trusts (REITs) in Asia to surge over the next three to four years due to demand for more risk-averse property investments, a senior executive said.Asia is seeing increased activity in the REIT IPO market this year, with the successful listing of Cache Logistics Trust in Singapore, while Sunway City plans to list its REIT in Malaysia i

KUALA LUMPUR: SP Setia Bhd’s net profit for its second quarter ended April 30, 2010 (2QFY10) increased 26.39% to RM51.21 million from RM40.52 million the year earlier on the contribution from sales of residential and commercial properties in the Klang Valley and Johor Bahru.

Its revenue, meanwhile is up 16.2% to RM409 million, from RM352.2 million the previous year.

KUALA LUMPUR: Sunway Holdings Bhd is exploring a development opportunity in Sri Lanka by entering into a memorandum of understanding (MoU) with Dasa Tourist Complex (Private) Ltd on Thursday, June 17.

KUALA LUMPUR: ACE market-listed company M-Mode Bhd is acquiring a 2,421 sq ft parcel of land along Jalan Yap Kwan Seng, here, for RM1.27 million.

KUALA LUMPUR: TA Global Bhd’s net profit for its first quarter ended April 30, 2010 (1QFY11) grew 27% to RM18.56 million, from RM14.62 million the previous year.

The rise was attributed to its increased revenue, which rose 85.8% to RM91.5 million, compared to RM49.2 million a year earlier, following an increase in hotel-related revenue.