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Battersea donates RM52,600 to stroke victim’s family

KUALA LUMPUR: Battersea Power Station Development Company (BPSDC) donated £10,000 (RM52,600) to Sahrom Ahmad’s family after he suffered a stroke while in the UK for his daughter’s graduation ceremony at the University of Loughborough.

SP Setia: GST not payable for land

PETALING JAYA: SP Setia Bhd’s wholly owned subsidiary, Setia Fontaines Sdn Bhd, has received solicitor advice that the acquisition of five adjoining parcels of freehold land should be goods and services tax (GST) exempted.

AmInvestment initiates coverage on SimeProp with Hold, FV of RM1.08

KUALA LUMPUR: AmInvestment research has initiated coverage on Sime Darby Property with a hold recommendation and fair value of RM1.08 based on a 45% discount to RNAV.

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Higher debt, palatable gearing

DEBT is an essential part of any business. All companies should have some amount of debt to help finance its growth and investments for the longer term. It is an efficient way of managing the balance sheet.

Tan Chong 'buy', Kossan Rubber 'buy', United Malacca 'underperform', Property 'neutral'

TAN Chong Motor’s management yesterday hosted an analyst briefing after announcing the termination of its joint venture (JV) with Nissan Motor in Nissan Vietnam Co Ltd (NVL).

CIMB Research positive on sale of Battersea commercial assets

KUALA LUMPUR: CIMB Equities Research is positive on SP Setia and Sime Darby Property’s sale of the Battersea Power Station (BPS) Phase 2 commercial assets to PNB-Kwasa International 2 Ltd (JVCo) for a £1.58bil (RM8.35bil).

EPF and PNB buy Battersea phase two for RM8.35bil

PETALING JAYA: The phase two commercial assets of the Battersea Power Station has finally been sold to the Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB), in a deal worth £1.58bil (RM8.35bil). The transaction is expected to be completed in the first quarter of 2019, sellers SP Setia Bhd and Sime Darby Property Bhd said in a joint statement.

SP Setia, Sime Property sell Battersea Phase 2 commercial to PNB-EPF for RM8.35b

KUALA LUMPUR: SP Setia Bhd and Sime Darby Property Bhd are selling their stakes in Battersea Power Station building to PNB-Kwasa International 2 Ltd for £1.583bil (RM8.351b).

7-Eleven 'hold', Kossa 'neutral, SP Setia 'hold', C&C 'sell'

ANALYSTS attended 7-Eleven’s third quarter review were not surprised by the results, with key discussions on how to improve margins through a better product mix.

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Property developers tweak marketing strategies to push sales

WHILE the current property market slowdown has seen many developers pulling back or postponing their launches, it has not however deterred some companies from tweaking their marketing strategies and finding unique avenues to push sales and clear their inventories.