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Sunway REIT acquires 163 Retail Park for RM215mil

KUALA LUMPUR: The manager of Sunway Real Estate Investment Trust (SunREIT) has announced that it has acquired 163 Retail Park in Mont Kiara, Kuala Lumpur, for RM215mil.

Malaysia , Kuala-lumpur , Sdn-bhd , Mont-kiara , Clement-chan , Sunway-real-estate-investment , D-kiara-place-sdn-bhd , Klang-valley , Corporate-news , Sunway-reit , 163-retail-park , Ynh-property

Sunway REIT's retail expansion to be earnings accretive

KUALA LUMPUR: Sunway Real Estate Investment Trust's (REIT) expansion in the hypermarket segment is a positive development given that the essential service had demonstrated resilience during the Covid-19 pandemic, said MIDF Research.

Kuala-lumpur , Malaysia , Plentong , Johor , Ulu-kelang , Malaysia-general- , Bandar-kinrara , Sdn-bhd , Provident-fund-kwasa-properties-sdn-bhd , Sunway-real-estate-investment , Employees-provident-fund , Kwasa-properties-sdn-bhd

Sunway REIT acquires six hypermarkets for RM520mil

PETALING JAYA: Sunway Real Estate Investment Trust (Sunway REIT) is acquiring six hypermarkets, five within the Klang Valley and one in Johor, for RM520mil.

Malaysia , Johor , Kinrara , Malaysia-general- , Plentong , Petaling , Ulu-kelang , Sdn-bhd , Transcend , Kwasa-properties-sdn-bhd , Sunway-group , Provident-fund

Sunway-REIT poised for another positive performance

Sunway Real Estate Investment Trust (REIT) is expected to register another buoyant performance this year, after a robust result last year, underpinned by the continued recovery of its retail, hotel and office segments.

China , Malaysia , Petaling , Malaysia-general- , Sunway-resort-hotel , Sunway-real-estate-investment , Hong-leong-investment , Corporate-news , Sunway-reit , Retail , Hotel

Trading ideas: MISC, SP Setia, Gas Malaysia, Mega First Corp, Dayang, Sunway REIT, Magnum, Dialog, Kobay and AME Elite

KUALA LUMPUR: Stocks on investors radar screen on Friday include MISC, SP Setia, Gas Malaysia, Mega First Corp, Dayang, Sunway REIT, Magnum, Dialog, Kobay and AME Elite, said JF Apex Research.

Kuala-lumpur , Malaysia , Dayang , Kedah , Sp-setia-bhd , Seberang-perai-tengah , Dialog-group-bhd , Mega-first-corp , Jf-apex-research , Gas-malaysia , Dialog-group , Majestic-builders

Trading ideas: Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak

KUALA LUMPUR: Stock with recent corporate announcements that could see increased trading action include Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak, Signature International, Fiamma, MPHB Capital, Serba Dinamik, EA Technique and Zelan, said JF Apex Research.

Kuala-lumpur , Malaysia , United-kingdom , Serba-dinamik , Generali-insurans-bhd , Serba-dinamik-holdings-bhd , Signature-international , Fiamma-holdings-bhd , Malaysia-smelting-corp-bhd , Malaysia-smelting-corp , Jf-apex-research , Bina-group

Sunway REIT net property income up 86.5% in Q6 FP2021

KUALA LUMPUR: Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) increased 86.5 per cent to RM123.1 million in the sixth quarter of its financial period ended Dec 31, 2021 (Q6 FP2021) from RM66 million in the second quarter of FP2021 (Q2 FP2021).

Kuala-lumpur , Malaysia , Malaysian , Sdn-bhd , Sunway-resort-hotel , Sunway-real-estate-investment , Malaysian-financial-reporting-standard , Sunway-carnival-shopping , Corporate-news , Sunway-reit , Net-property-income , Revenue

Sunway REIT sees benefits of diversification

THE pandemic has left many retail-related business floundering, thus Sunway Real Estate Investment Trust (REIT) is thankful that it has diversified from a retail-focused REIT to include industrial, healthcare and education assets into its portfolio.

Malaysia , Singapore , Langkawi , Kedah , Yap-leng-kuen , Sunway-resort-hotel , Sunway-real-estate-investment , Transit-oriented-developments , Carnival-mall , Malaysia-plan , Resort-hotel , Sunway-city-kuala-lumpur

Summary of business stories from June 21 to 27

Corporate News
Astro and Netflix have entered into a partnership that will see the streaming service brought on to Astro's platform.
The content providers announced in a joint statement that Astro customers will soon be able to access Netflix on their connected Ultra Boxes, first at launch, and subsequently on Ulti Boxes.
The partnership offers their Malaysian customers greater convenience by having Netflix with their Astro subscription, which will provide easy access for payment in a single bill at the best value.
Oil services and engineering company Serba Dinamik Holdings Bhd is taking legal action against its external auditor KPMG PLT for alleged negligence, breach of contract and breach of statutory duty.

Malaysia , Malaysian , Malaysians , Jien-shiung , Mohd-karim , Mohd-karim-abdullah , Serba-dinamik , Sdn-bhd , Muhyiddin-yassin , Chow-huat , Mohd-fadzmi-che , Serba-dinamik-holdings-bhd

Daily economic losses from MCO 3.0 could be RM300m

KUALA LUMPUR: CGS-CIMB Equities Research estimates the return of a nationwide lockdown raises the estimated daily economic losses in Malaysia’s economy to RM300mil a day but it emphasised such stringent measuers could help curb the spread of the pandemic.
In its strategy report on Tuesday, it pointed out the economic losses from the MCO 3.0, which comes into effect on Wednesday nationwide, is much higher compared with RM200mil a day for a targeted MCO 3.0, and its baseline assumption of a conditional MCO (RM150mil a day).
“We estimate that each month of MCO would shave 0.3 percentage point from our current annual GDP growth estimate of 5.7% in 2021.

Kuala-lumpur , Malaysia , Equities-research , Pavilion-reit , Sunway-reit , Genting-malaysia , குவாலா-லம்பூர் , மலேசியா , பங்குகள்-ஆராய்ச்சி , பெவிலியன்-ரேட் , சன்வே-ரேட்