Company Overview and News
KUALA LUMPUR: The Pakatan Harapan government is looking to review its promise of building one million affordable homes as it now feels the country may not need that many units to address the affordable housing issue, said Housing and Local Government Minister Zuraida Kamaruddin.
Sunway Bhd (Sept 13, RM1.53) Maintain market perform with an unchanged target price (TP) of RM1.55: Yesterday, Sunway Bhd announced that their joint-venture with partner Hoi Hup Realty Pte Ltd, was awarded a land parcel measuring approximately 4.46 acres (1.80ha) at Canberra Link (Lot 4018N, MK19), Sembawang, Singapore for a 99-year lease term for executive condominium housing development at S$271 million or RM817.
Sunway Real Estate Investment Trust (Aug 10, RM1.74) Maintain buy with a higher target price (TP) of RM1.92: Sunway Real Estate Investment Trust’s (REIT) core net profit of RM281.9 million in the financial year ended June 30, 2018 (FY18) was within our and market expectations. Revenue increased 7.1% year-on-year (y-o-y) mainly on better performances of its retail and hotel segments, including Sunway Pyramid, Sunway Pyramid Hotel and Sunway Putra Hotel, as well as additional income from newly acquired Sunway Clio Hotel and Sunway REIT Industrial Shah Alam.
KUALA LUMPUR (Aug 10): CIMB IB Research has maintained its "hold' rating on Sunway Real Estate Investment Trust (REIT) at RM1.74 with a lower target price of RM1.76 (from RM1.79) and said the REIT has earmarked a RM370 million to RM380 million capital expenditure (capex) for retail and hotel asset enhancements over the next two financial years.
KUALA LUMPUR: Sunway Real Estate Investment Trust (REIT), which registered a 5.36% year-on-year fall in net profit from RM218.84 million to RM207.11 million in the fourth quarter ended June 30, 2018 (4QFY18), has warned of the “fundamentally challenging oversupply situation” due to the tremendous new supply of retail, hotel and commercial space in the market.
In a statement yesterday, Sunway REIT Management Sdn Bhd CEO Datuk Jeffrey Ng(pic) said the group’s acquisition growth strategy had yielded desired results as the two newly completed properties had contributed positively to the income stream and cushioned the softer performance in some existing properties
KUALA LUMPUR (Aug 9): Based on corporate announcements and news flow today, stocks in focus tomorrow may include the following: Supermax Corp Bhd, Gamuda Bhd, Kumpulan Perangsang Selangor Bhd (KPS), Sunway Real Estate Investment Trust, Bintai Kinden Corp Bhd, Far East Holdings Bhd, Datasonic Group Bhd, Velesto Energy Bhd, Barakah Offshore Petroleum Bhd, My EG Services Bhd, Ranhill Holdings Bhd, Asdion Bhd and IHH Healthcare Bhd.
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KUALA LUMPUR (Aug 9): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
KUALA LUMPUR (July 20): Based on corporate announcements and news flow, companies that may be in focus on Monday (July 23) include the following: Gamuda Bhd, Iskandar Waterfront City Bhd, BIMB Holdings Bhd, Salcon Bhd, Cabnet Holdings Bhd, Sunway Construction Group Bhd, Sunway Real Estate Investment Trust and Media Chinese International Ltd. Gamuda Bhd’s 40% associate Syarikat Pengeluar Air Selangor Holdings Sdn Bhd (Splash) has withdrawn its claims against Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) in order to facilitate negotiations on the disposal of Splash with the State government of Selangor.
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KUALA LUMPUR (July 20): Sunway Construction Group Bhd (SunCon) and Sunway REIT Management Sdn Bhd have mutually agreed to revise the provisional contract sum of an ongoing project in Penang from RM274 million to RM286 million due to additional scope of works.
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Sunway Real Estate Investment Trust (July 5, RM1.70) Maintain hold with a lower fair value of RM1.68: We maintain our “hold” recommendation on Sunway Real Estate Investment Trust (SunREIT) with a lower fair value of RM1.68 (from RM1.70 previously) based on a forward target yield of 6%, following our earnings revision.
2018-10-01 - Asif
Overview The following discussion and analysis should be read in conjunction with its unaudited interim condensed consolidated financial statements and the related notes that appear elsewhere in this quarterly report on Form 10-Q. This discussion contains forward-looking statements reflecting its current expectations that involve risks and uncertainties. Actual results may differ materially from those discussed in these forward-looking statements due to a number of factors, including those set forth in the section entitled “Risk Factors” in its most recent annual report on Form 10-K. For further information regarding forward-looking statements, please refer to the “Special Note Regarding Forward-Looking Statements and Projections” immediately after the index to this quarterly report on Form 10-Q. Alimera Sciences, Inc., and its subsidiaries (we or Alimera), is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharma...
2018-09-25 - Asif
Background DelMar Pharmaceuticals, Inc. is a clinical stage drug development company with a focus on the treatment of cancer. The company's mission is to benefit patients and create shareholder value by developing and commercializing anti-cancer therapies for patients whose tumors exhibit features that make them resistant to, or unlikely to respond to, currently available therapies, particularly for orphan cancer indications where patients have failed, or are unlikely to respond to, currently available therapy. DelMar Pharmaceuticals is developing VAL-083, a novel, DNA-targeting agent, for the treatment of glioblastoma multiforme (“GBM”) and potentially other solid tumors, including ovarian cancer. VAL-083 is a first-in-class, DNA-targeting chemotherapeutic that demonstrated activity against a range of tumor types in prior Phase 1 and Phase 2 clinical studies sponsored by the US National Cancer Institute (“NCI”). The company's recent research has highlighted the opportunit...
2018-09-18 - Asif
Overview Rigel Pharmaceuticals is a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with immune and hematologic disorders, cancer and rare diseases. The company's pioneering research focuses on signaling pathways that are critical to disease mechanisms. The company's first FDA-approved product is TAVALISSE™ (fostamatinib disodium hexahydrate), an oral spleen tyrosine kinase (SYK) inhibitor, for the treatment of adult patients with chronic immune thrombocytopenia who have had an insufficient response to a previous treatment. The company's current clinical programs include Phase 2 studies of fostamatinib in autoimmune hemolytic anemia and IgA nephropathy, and a Phase 1 study for its IRAK program. In addition, Rigel Pharmaceuticals has product candidates in development with partners BerGenBio AS, Daiichi Sankyo, and Aclaris Therapeutics. Since inception, Rigel Pharmaceuticals h...