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PETALING JAYA: UEM Sunrise Bhd posted a set of commendable results which saw its net profit surged by 73% for the second quarter ended June 30, 2017, boosted by its higher property development revenue.
KUALA LUMPUR: UEM Sunrise Bhd has launched its third project, Mayfair, with a gross development value (GDV) of RM1bil in Melbourne, Australia.
KUALA LUMPUR: UEM Sunrise Bhd plans to further explore the property market in Australia to strengthen its presence there.
PETALING JAYA: UEM Sunrise Bhd’s net profit for the first quarter ended March 31 increased significantly to RM61.3mil compared to RM3mil in the previous corresponding period as a result of higher property development revenue and the revision of the estimated cost for completed projects.
KUALA LUMPUR: MIDF Equities Research is maintaining a Neutral recommendation for property developer UEM Sunrise with slightly higher target price of RM1.11.
KUALA LUMPUR: UEM Sunrise Bhd’s unit is selling a block of serviced apartments in Melbourne for A$120mil or RM370.80mil to Ascendas Hospitality Trust.
MELBOURNE: UEM Sunrise Bhd is glad it has taken the opportunity to venture into Australia.