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KLCC Stapled posts first quarterly loss on impairment and fair value changes on investment properties

KUALA LUMPUR (Jan 27): KLCC Stapled Group posted its first ever quarterly net loss on record after impairment and fair value changes on investment properties weighed on its financials. It posted a net loss of RM41.84 million for the fourth quarter ended Dec 31, 2020 (4QFY20), compared with a net profit of RM156.66 million in the preceding quarter and a net profit of RM244.41 million in 4QFY19. In a filing today, the stapled security, which includes KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), attributed the loss to a fair value loss on investment properties of RM142.34 million and an RM81.4 million impairment of its ongoing development of Kompleks Dayabumi Phase 3.

Kuala lumpurMenara dayabumiDatuk hashim wahirMenara exxonmobilMovement control orderReal estate investment trustProperty holdingsProperty holdings bhdHoldings bhdEstate investment trustKompleks dayabumi phasePetronas twin towersMovement controlMandarin oriental kuala lumpurDatuk hashimகுவாலா லம்பூர்

F&N, Fintec Global, Pasukhas, Power Root, Tasco, See Hup, Pavilion REIT, Chin Hin, Lotte Chemical Titan, KLCC Stapled, Digi, Pimpinan Ehsan, Guocoland, KPower and TA Enterprise

KUALA LUMPUR (Jan 27): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 29) include: Fraser & Neave Holdings Bhd, Fintec Global Bhd, Pasukhas Group Bhd, Power Root Bhd, Tasco Bhd, See Hup Consolidated Bhd, Pavilion REIT, Chin Hin Group Property, Lotte Chemical Titan Holdings Bhd, KLCC Stapled Group Bhd, Digi.Com Bhd, Pimpinan Ehsan Bhd, Guocoland (Malaysia) Bhd, KPower Bhd and TA Enterprise Bhd, Fraser & Neave Holdings Bhd s (F&N) revenue continued to recover in the first financial quarter ended Dec 31, 2020. It grew 13.6% quarter-on-quarter to RM1.08 billion from RM953.7 million, amidst a gradual recovery in local and export markets. The higher revenue lifted F&N s quarterly net profit, which doubled to RM136.8 million from the RM68.03 million achieved in the preceding quarter.

Kuala lumpurKpower bhdPasukhas sdn bhdHulu selangorM sdn bhdPimpinan ehsan bhdSdn bhdTasco bhdSdn bhd kpengChina communications constructionProperty holdingsFraser neave holdings bhdHong leong groupSustainable energy development authorityChin hin group propertyPasukhas group bhd

KLCC Property Posts Fourth-Quarter Loss on Impairment

Provided by Dow Jones By Chester Tay KLCC Property Holdings Bhd. swung to a net loss in the fourth quarter due to impairments over its investment property under construction, after accounting for the current economic condition and project delays. Net loss was 41.8 million ringgit ($10.3 million), while revenue dropped 17% from a year earlier to MYR304.7 million, the real-estate group said Wednesday. For the full year, KLCC s net profit slumped 45% to MYR432.2 million and revenue declined 13% to MYR1.24 billion. The company said it expects another challenging year due to the continuing Covid-19 pandemic. The border closure and cautious spending by consumers are likely to weigh on the group s hotel and retail-mall performances, it said.

Chester tayDow jones company incProperty holdings bhdDow jonesசெஸ்டர் தாய்டோ ஜோன்ஸ் நிறுவனம் இன்க்ப்ராபர்டீ ஹோல்டிங்ஸ் ப்ட்டோ ஜோன்ஸ்

Bursa Malaysia adds AirAsia, Eco World and two others in ESG index

Bursa Malaysia adds AirAsia, Eco World and two others in ESG index
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Kuala lumpurAirasia group bhdSunway construction group bhdProperty holdings bhdAsia groupHoldings bhdEstate investment trust stapledBursa malaysiaBumi armadaSunway construction groupகுவாலா லம்பூர்சன்வே கட்டுமானம் குழு ப்ட்ப்ராபர்டீ ஹோல்டிங்ஸ் ப்ட்ஆசியா குழுஹோல்டிங்ஸ் ப்ட்பூமி ஆர்மடா

Year Ender 2020 – Covid-19 pandemic sends FBM KLCI on roller-coaster ride

Year Ender 2020 – Covid-19 pandemic sends FBM KLCI on roller-coaster ride
thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.

Malaysia generalPacific researchFitch ratingsBursa malaysia financial services indexSupermax corp bhdProperty holdings bhdMalacca securitiesCoronavirus crashWall street crashHoldings bhdமலேசியா ஜநரல்பெஸிஃபிக் ஆராய்ச்சிஃபிட்ச் ரேடிஂக்ஸ்சூப்பர்மேக்ஸ் கார்ப் ப்ட்ப்ராபர்டீ ஹோல்டிங்ஸ் ப்ட்மலாக்கா பத்திரங்கள்