Chin hin property

Share to Twitter Share to Linkedin It’s an age old question — ok, maybe not that old – but should mall owners be in the business of buying retailers? Four years ago, I wrote about the biggest U.S. mall owners stepping in to save failing retailer Aéropostale from bankruptcy. The deal, a reported $243 million, between Simon Property Group SPG , General Growth Properties, which is now owned by Brookfield, and Authentic Brands Group (ABG) slated to keep all 229 Aéropostale stores open at the two landlord’s properties. With the two largest mall operators’ influence they were able to convince other Aéropostale landlords to provide rent concessions for an additional 171 stores – bringing a total of 400 stores to remain open. Many major retailers, J. Crew, JCPenney, Neiman Marcus, Lucky Brand to name a few, are the lifeblood of America’s shopping malls and have been pushed to the edge during the pandemic, leaving them no choice but to file for … [Read more...] about Simon Property Group Provides Spark To Brooks Brothers – But Is It A Trend?

Share to Twitter Share to Linkedin For me, gardens exert a magnetic attraction. So, as luck would have it, on my recent trip to the French side of St. Martin, I experienced two gems that satisfied my need to be ensconced in properties dominated by nature. I left any worries I may have had far behind as I entered each of these gated accommodations that offered a sense of vibrancy, authenticity, warmth and security — perfect for someone who often travels the world alone. Palm Court Residence On the windward side of St. Martin, the Palm Court Residence in Orient Bay is a colorful, 21-room boutique property with lush gardens, and bold colors embellishing the facade, the interior spaces and the furnishings. Each of the vibrantly-hued, sunny guest rooms comes with a terrace (patio) or balcony. But it’s the striking colors that I found especially attractive: red-orange and lemon-yellow hued accents predominate, along with crimson and lime-green shades … [Read more...] about Unwind At These Two Peaceful, Scenic Properties On St. Martin

- A + A KUALA LUMPUR (June 27): Bursa Malaysia closed broadly higher on Monday (June 27) on persistent buying interest mainly in technology and energy stocks, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.42 points to 1,438.12 from Friday's close of 1,436.7. The benchmark index, which opened 2.12 points higher at 1,438.82, fluctuated between 1,431.65 and 1,441.03 throughout the trading session. On the broader market, gainers beat losers 546 to 365, while 393 counters were unchanged, 1,004 untraded, and 55 others suspended. Total turnover expanded to 2.65 billion units worth RM1.43 billion from 2.46 billion units worth RM1.47 billion on Friday. Key regional markets also continued to trend higher following positive cues on Wall Street including the upbeat performance of the tech-heavy Nasdaq Composite last Friday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI, which ended 0.1% … [Read more...] about Bursa ends broadly higher

- A + A HONG KONG (June 27): China's fourth-biggest developer may miss a local bond payment for its first time ever, pressuring an onshore credit market that has remained resilient amid a property debt crisis and record offshore defaults. Sunac Real Estate Group Co said in an exchange filing on Friday it likely would not be able to raise enough funds to make a 400 million yuan (US$60 million) payment due June 30 for a portion of the note principal along with related interest. The deadline is part of an instalment plan Sunac got approval for several months ago that extended full repayment of the four billion yuan security by 18 months. A separate note maturing next year fell 15% on Monday while some due in 2025 closed at record lows, according to data compiled by Bloomberg. China's US$12.3 trillion local bond market has so far held up relatively well despite a cash crunch in the property sector sparked by a government crackdown on excessive leverage and housing … [Read more...] about Chinese builder Sunac may miss local bond payment in a first

This article first appeared in The Edge Financial Daily, on March 31, 2020 . - A + A Permaju Industries Bhd (-ve) Permaju Industries Bhd (fundamental: 0.75/3, valuation: 0.3/3) made it into our Stocks with Momentum list yesterday for the sixth time in March. The counter settled four sen or 4.02% lower at 95.5 sen, with 13.02 million shares traded, over three times its 200-day average volume of 3.65 million shares. For the second quarter ended June 30, 2019, Permaju reported a net loss of RM762,000 on a revenue of RM18.55 million. The revenue was mainly derived from its automotive division. There were no comparison numbers for the previous year’s corresponding period, due to a change in its financial year end from Dec 31 to June 30. For the cumulative six-month period, Permaju posted a net loss of RM1.36 million on a revenue of RM37.36 million. The loss was because of losses recorded for its automotive, timber and property divisions, which … [Read more...] about Stock With Momentum: Permaju Industries

This article first appeared in The Edge Financial Daily, on March 31, 2020 . - A + A Euro Holdings Bhd (-ve) TRADING of shares in Euro Holdings Bhd (fundamental: 0.35/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the fourth time this year. The counter closed eight sen or 25.4% higher at 39.5 sen, with 11.04 million shares traded, over six times its 200-day average volume of 1.77 million shares. The group is principally engaged in the design, manufacturing and trading of its own brand of chairs, system furniture, storage and accessories. For the fourth quarter ended Dec 31, 2019, the group’s net loss almost doubled to RM4.18 million from RM2.18 million for the corresponding period last year, mainly due to higher cost incurred and a provision for late delivery by the property division. Quarterly revenue fell 32% to RM18.16 million from RM26.6 million, due to lower property completion rates and lower sales owing to … [Read more...] about Stock With Momentum: Euro Holdings

This article first appeared in The Edge Financial Daily, on April 1, 2020 . - A + A Sanichi Technology Bhd (+ve) TRADING of shares in Sanichi Technology Bhd (fundamental: 1.2/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year. The counter closed half a sen or 10% lower at 4.5 sen, with 76.4 million shares traded, over six times its 200-day average volume of 12.24 million shares. The loss-making company continued to bleed in its fourth quarter ended Dec 31, 2019 with a net loss of RM1.34 million — its fifth straight quarterly loss — albeit at a smaller volume compared with RM11.04 million a year ago, due to lower operating costs from cost-controlling measures implemented. Revenue for the quarter also jumped more than three times to RM12.53 million from RM3.53 million a year ago, as revenue recognition in its property development segment picked up. For the full year ended Dec 31, 2019, the company’s net … [Read more...] about Stock With Momentum: Sanichi Technology

This article first appeared in The Edge Financial Daily, on April 3, 2020 . - A + A Minetech Resources Bhd (-ve) TRADING of shares in Minetech Resources Bhd (fundamental: 0.95/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the sixth time this year. The last time the counter triggered our momentum algorithm was Wednesday. The engineering services company’s stock closed 10.71% or 1.5 sen higher at 15.5 sen apiece, after 77.38 million shares were traded — making it the 10th most actively traded stock on Bursa Malaysia yesterday. This trading volume is about 16 times the counter’s 200-day average of 4.91 million shares. The stock has been climbing in the past four days. On Tuesday, the company announced that Serba Dinamik Holdings Bhd’s co-founder Datuk Awang Daud Awang Putera had been appointed its executive chairman, replacing Chin Kim Sang, who had been redesignated as the company’s executive director. Awang Daud first … [Read more...] about Stock With Momentum: Minetech Resources

Lim is accused of using his position as Penang chief minister to aid CZCSB secure the undersea tunnel project in return for 10% in the profits of the project from Zarul, which resulted in an alleged RM3.3 million in kickbacks to be received by the former. (Photo by Shahrin Yahya/The Edge) - A + A KUALA LUMPUR (June 27): “Dummy” documents were used to withdraw company money to make bribe payments to former Penang chief minister Lim Guan Eng, a former executive testified on Monday (June 27). Azli Adam, the former senior vice-president of finance and corporate services at of Consortium Zenith Construction Sdn Bhd (CZCSB), said falsified invoices and payment vouchers (PVs) were used to obfuscate the withdrawal of the company cash. Testifying in Lim’s undersea tunnel project graft trial at the Sessions Court, Azli said CZCSB director Datuk Zarul Ahmad Mohd Zulkifli "confessed" this to him after Zarul was arrested by the Malaysian Anti-Corruption Commission (MACC) in … [Read more...] about ‘Dummy’ documents used to facilitate bribe payments to Guan Eng, says former company exec

This article first appeared in City & Country, The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. i-TechValley will be a modern, gated-and-guarded industrial park with properties that have contemporary façades and features (Photo by AME Development) - A + A AME Development Sdn Bhd is looking to launch i-TechValley, a RM1.5 billion, 170-acre industrial park at Southern Industrial and Logistics Clusters (SiLC) in Johor, by end-June. According to director of property development division Cheryl Lim, this will be the company’s third industrial project in SiLC. Lim says the previous industrial schemes there were smaller projects and not gated and guarded. In contrast, i-TechValley will be a modern, gated-and-guarded industrial park with properties that have contemporary façades and features. “i-TechValley is envisioned to set a new benchmark for the industrial sector. Being in SiLC, we are surrounded by mature townships. The industrial park will … [Read more...] about AME Development to launch RM1.5 bil industrial park by end-June