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KIP REIT to grow assets to RM1bil by 2019

KUALA LUMPUR: KIP Real Estate Investment Trust (REIT) plans to grow its total asset value to RM1bil by 2019, to be driven by new acquisitions.

It’s a deal: Mohamed Azahari and KIP Group CEO Valerie Ong at the MoU signing ceremony.

Analyst report

Analyst reports: E&O, Westports Holding, UEM Sunrise and Malaysian Pacific Industries Bhd

China plans to further open up its economy

SINGAPORE: Chinese Premier Li Keqiang said Beijing will further open up its economy in the face of rising protectionism, as he headed for meetings with Asia-Pacific leaders in Singapore that are expected to focus on trade tensions.

Li Keqiang

United Malacca to sell estates in Melaka, Negeri Sembilan

KUALA LUMPUR: United Malacca Bhd is considering disposing of four estates in Melaka and Negeri Sembilan with proceeds from the disposal to be utilised mainly for the development expenditure, particularly for its Sulawesi plantation.

Australian PE snubbed twice in a day as firms seek higher offers

SYDNEY: BGH Capital, an Australian private-equity firm run by three star dealmakers, was rebuffed on two billion-dollar deals on Monday, underscoring how companies are trying to squeeze out better offers in a market crammed with cash-rich investors.

Healthscope Ltd said it had picked Brookfield Capital Partners' sweetened offer that values the hospital operator at up to A$4.5 billion ($3.24 billion) over BGH's A$4.1 billion bid.

China expected to expand budget deficit amid trade war risks

BEIJING: China’s policy makers are expected to increase the budget deficit in the coming year, as a slowing economy and the downdraft from the trade war with the U.S. raise the need for a more active fiscal policy.

KIP, QSR ink MoU for drive-thru restaurants at retail outlets

KUALA LUMPUR: Property developer Kepong Industrial Park Group of Companies (KIP Group) has inked two memorandums of understanding (MoU) with QSR Brands (M) Holdings Bhd to provide the convenience of KFC drive-thru restaurant service at KIP Group’s retail outlets that would potentially boost occupancy rates, and earnings in the future.

E&O H1 core earnings within forecast, says CIMB Research

KUALA LUMPUR: Eastern & Oriental’s (E&O) 1HFY3/19 core earnings (excluding revaluation gains and forex losses) came in within expectations, at 30% of CIMB Equities Research and 29% of Bloomberg consensus full-year estimates.