SP Setia posts RM48.5m profit

By THE STARPETALING JAYA: SP Setia Bhd posted net profit of RM48.52mil for the first quarter ended Jan 31, up 3.8% from RM46.76mil in the previous corresponding period, boosted by its property development in the Klang Valley, Johor Baru and Penang. In a statement to Bursa Malaysia yesterday, the company said revenue rose 19% to [...]


Danga City Mall to open in Johor in July

By BERNAMAONE of the biggest shopping complexes in Johor Baru – Danga City Mall – will open in July with Metrojaya as its anchor tenant.The tenancy agreement will be signed on Friday between the complex owners, Danga City Mall Sdn Bhd (DCM) and Metrojaya Bhd’s wholly-owned subsidiary, MJ Department Stores Sdn Bhd.DCM director Gary Lee [...]


SunCity projects unchanged sales next year

By BUSINESS TIMESSUNWAY City Bhd, a Malaysian developer and hotelier, said it’s “concerned” about slowing global economic growth as it forecast unchanged sales next year.Revenue in the year ending June 2008 will be RM1.4 billion (US$439 million) and little changed in the following 12 months, Ngian Siew Siong, Sunway’s managing director of property development, said [...]


Naim Cendera sets revenue target

By BUSINESS TIMESNAIM Cendera Holdings Bhd is targeting an annual compounded growth rate of 30 per cent in revenue for the next three years.The construction and property group expects to achieve this through a combination of increased sales in the property division and by replenishing its construction order book by between RM0.5 billion and RM1 [...]


SP Setia eyes RM520m profit

By THE STARSP Setia Bhd, Malaysia’s most valuable property company, aims to double its net profit in four years, helped by new product offerings and overseas expansion.The company expects overseas businesses to contribute equally to its net profit and revenue by 2012, said group managing director and chief executive officer Tan Sri Liew Kee Sin.SP [...]


Sunway City ties up with Korean firm

By BUSINESS TIMESSUNWAY City Bhd has tied-up with South Korea incorporated Daol Trust & Fund Co Ltd to explore various real estate investment and development opportunities in Asia and the European continent.The two parties have signed a Memorandum of Understanding for global cooperation.The agreement would allow SunCity to venture into new territories and seek the [...]