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<< May 2018 >>
 
Results: 1 - 5 of 9
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31 May 2018
1:11:05 PM

YTL Hospitality REIT buoyed by Australian assets amid Malaysian volatility - Reits Week

YTL Hospitality REIT, which has a portfolio of 14 hotels, including one in Japan, and three across the Australian cities of Sydney, Brisbane and Melbourne reported its financial results for its 3Q FY 2018 on 24 May, declaring a distribution per unit (DPU) of 1.9378 sen for the period. Maybank has issued a 12-month target price of MYR1.50 for the counter. "We remain positive on YTL REIT’s long-term earnings outlook which is premised on stable income from the Malaysian and Japanese assets, and potential earnings upsides from the Australian hotels.", said the bank.... ›› more

   

24 May 2018
6:06:26 PM

YTL Corp Records 9-Month Revenue of RM11.7 Billion (US$3.0 Billion) & Profit of RM903 Million (US$228 Million) - Kuala Lumpur

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group registered an 8% increase in revenue to RM11.7 billion for the 9 months ended 31 March 2018, contributed mainly by the utilities, cement, hotels and construction businesses. Our utilities segment performed well for the period under review, with increases in revenue and profit before tax contributed by the contracted power generation and water and sewerage sub-segments. “The increase in revenue in the Group’s cement business was driven by higher sales volumes in all sub-segments, although profit before tax was impacted by higher production and finance costs, as well as competitive pricing in the domestic market. The construction segment registered an increase in revenue due to better site progress, but recorded lower profit before tax owing to lower construction margins and higher operating costs. “Meanwhile, the improved performance of the hotels segment was contributed mainly by The Hotel Stripes in Kuala Lumpur, the Sydney Harbour Marriott in Australia and 3 newly acquired hotels in the United Kingdom, offset by unrealised foreign exchange losses on intercompany balances and pre-opening and training expenses incurred by The Ritz-Carlton, Koh Samui, a new hotel in Thailand. In the Group’s management services segment, the increase in revenue was due mainly to higher interest income, whilst the loss before taxation incurred was primarily the result of the absence of one-off adjustments relating to the accounting treatment of a loan restructuring recorded by an associated company and higher finance costs.”... ›› more

   

12 May 2018
9:03:54 AM

The Fennel wins big - NST

THE Fennel, one of Sentul’s most valuable landmarks located in YTL Land & Development Bhd’s Sentul East development just north of KLCC, won a few prestigious awards at the recent PropertyGuru Asia Property Awards (Malaysia) 2018 awards here.... ›› more

   

10 May 2018
8:39:54 PM

The night the earth moved - The Star

IT was a night when the earth moved as one Barisan parliamentary seat after another tumbled and shortly after 11pm last night, Tun Dr Mahathir Mohamad declared that Putrajaya had fallen to the Pakatan Harapan coalition.... ›› more

   

10 May 2018
8:29:08 PM

Malaysia looks to new political dawn - Free Malaysia Today

Hope for lasting change in Malaysia after the opposition’s historic election win may hinge on whether the triumphant 92-year-old autocrat-turned-progressive Mahathir Mohamad has truly changed his ways and possesses the vigour and clout to heal national divisions.... ›› more

   
 

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