reit

 
 

An uphill battle for CPO

KUCHING: When it comes to the palm oil sector, like most traded commodities, ‘smooth sailing’ is something rarely mentioned by experts of the field in regards to the prospects of this industry. Palm oil experts are generally painting a good short-term outlook for the sector in 2018 – but palm industry players are more sceptical […]


MRCB-Quill REIT declares a DPU of 8.39 sen for FY17

KUCHING: MRCB Quill Management Sdn Bhd (MQM), the manager of MRCB-Quill REIT, a listed real estate investment trust, wishes to announce that MQReit achieved a realised net income of RM21.42 million for the fourth quarter of 2017 (4Q17). This is an increase of approximately 61 per cent from the realised net income of RM13.30 million […]


Late buying interests push Bursa M’sia to end on firm note

KUALA LUMPUR: Late buying interests in selected heavyweights, industrial product and consumer counters, pushed Bursa Malaysia to end at an intra-day high today, in line with most of the Asian bourses, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI finished at 1,828.83, up 7.23 points from yesterday's close of 1,821.60. It opened 1.79 points higher at 1,823.39.

The market barometer had at one time moved to a low of 1,821.68.

Overall, the market breadth was bullish as gainers outnumbered losers by 518 to 446, while 425 counters were unchanged, 471 untraded and 35 others suspended.

Turnover, however, slipped to 3.83 billion units valued at RM3.19 billion from Thursday's 4.60 billion units valued at RM3.29 billion.

Hengyuan Refining and Petron Malaysia topped the gainers' list, rising RM2.30 and RM1.92 each to end at RM14.30 and RM13.20, respectively.

TNB and Petronas Gas climbed 22 sen and 88 sen each to RM15.82 and RM18.20, respectively, contributing 5.30 points towards the gain of the Composite Index.

A dealer said most of Asian markets were up, benefitting from China's gross domestic product growth in 2017 for the first time in seven years and was above expectation.

Of the other heavyweights, Maybank added one sen to RM9.87, Public Bank went up two sen to RM20.90 and CIMB Group was three sen higher at RM6.83.

Petronas Chemicals slipped seven sen to RM8.10.

Among actives, UMW O&G rose two sen to 36.5 sen, Sumatec advanced one sen to 10.5 sen and Sapura Energy and Sino Hua-An climbed eight sen each to 84 sen and 55 sen, respectively.

The FBM Emas Index perked 55.72 points to 13,195.82, FBMT 100 Index went up 55.82 points to 12,860.60 and the FBM Emas Shariah Index was 60.09 points better at 13,627.46.

The FBM 70 improved 88.24 points to 16,472.37 and the FBM Ace increased 29.86 points to 6,73.12.

Sector-wise, the Finance Index bagged 46.92 points to 17,236.98 and the Industrial Index added 55.37 points to 3,368.02.

The Plantation Index eased 31.18 points to 8,037.87.

The Main Market volume fell to 2.59 billion units worth RM2.96 billion from 2.87 billion units worth RM3.01 billion on Thursday.

Volume on the ACE Market narrowed to 597.76 million shares valued at RM109.16 million from yesterday's 1.25 billion shares valued at RM194.32 million.

Warrants' volume increased to 638.59 million units worth RM124.69 million from 468.18 million units worth RM67.54 million previously.

Consumer products accounted for 179.64 million shares traded on the Main Market, industrial products (574.19 million), construction (111.68 million), trade and services (1.50 billion), technology (80.01 million), infrastructure (11.58 million), SPAC (741,000), finance (60.41 million), hotels (923,700), properties (83.33 million), plantations (35.39 million), mining (1.58 million), REITs (9.06 million), and closed/fund (9,000).

The physical price of gold as at 5.00pm stood at RM163.59/g, up 13 sen from RM163.46 at 5.00pm yesterday. — Bernama


Bursa ends higher on late-buying push

KUALA LUMPUR, Jan 19 — Late buying interests in selected heavyweights, industrial product and consumer counters, pushed Bursa Malaysia to end at an intra-day high today, in line with most of the Asian bourses, dealers said. At 5pm, the…


MRCB-Quill REIT’s Q4 net profit down 80% on deficit in revaluation

PETALING JAYA: MRCB-Quill REIT's (MQREIT) net profit for the fourth quarter ended Dec 31, 2017 plunged 80% on a RM18.2 million deficit in revaluation of its investment properties.

It made a net profit of RM3.3 million for the quarter under review, compared with Rm16.9 million for the same quarter in 2016.

This was on 18.3% higher revenue of RM46.1 million, compared with RM38.9 million for the same quarter in 2016.

The REIT comprises of 10 buildings worth a market value of RM2.2 billion as at Dec 31, 2017.

In 2017, 14% of MQREIT's total net lettable area was due for renewal.

As at Dec 31, 2017, MQREIT successfully renewed approximately 80% of these leases. It is now in active negotiations for the renewal of leases due in 1Q 2018.

In its filing with Bursa Malaysia, MQREIT said the Klang Valley office market is expected to remain challenging and for 2018, they will focus on asset management and leasing strategies that are centred on tenant retention.

For the 12 month period ended Dec 31, 2017, MQREIT registered a 11.4% jump in net profit to RM9.9 million, compared with RM62.8 million for the same period in 2016.

Revenue for the period was 32.8% higher at RM181.5 million, compared with RM136.7 million in 2016.

Its share price gained one sen to RM1.22 today, with 131,200 shares changing hands.


Bursa closes lower on selling sentiment

KUALA LUMPUR, Jan 18 — Bursa Malaysia ended lower today, hurt by continued selling pressure in heavyweights and industrial product counters, amid mixed sentiment in Asian bourses, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia…


Bursa Malaysia lower on selling pressure in heavyweights, industrial counters

KUALA LUMPUR: Bursa Malaysia ended lower today, hurt by continued selling pressure in heavyweights and industrial product counters, amid mixed sentiment in Asian bourses, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI finished at 1,821.60, down 7.03 points from yesterday's close of 1,828.63. It opened 2.61 points higher at 1,831.24.

The market barometer moved between 1,821.21 and 1,831.32 throughout the day.

Overall, the market breadth was bearish as losers outnumbered gainers by 764 to 274, while 372 counters were unchanged, 422 untraded and 32 others suspended.

Turnover slipped to 4.60 billion units valued at RM3.29 billion, from Wednesday's 4.97 billion units valued at RM2.79 billion.

Hengyuan Refining and Petron Malaysia topped the losers' list, declining RM1.80 and 86 sen each to RM12 and RM11.28, respectively.

TNB, Petronas Gas and Genting Malaysia fell 22 sen, 62 sen and 21 sen each to RM15.60, RM17.32 and RM5.36, respectively, contributing 6.60 points towards the loss of the Composite Index.

A dealer said the local benchmark index was down due to the European Union's approval of the draft measures to ban the use of palm oil, a major import from Southeast Asia, in motor fuels from 2021.

He said most Asian bourses were mixed as investors were digesting a series of data released by China today, including gross domestic product, which grew 6.9% last year, higher than estimated target of 6.5%.

Of the other heavyweights, Maybank shed two sen to to RM9.86, CIMB Group rose three sen to RM6.80 while Public Bank and Petronas Chemicals were flat at RM20.88 and RM8.17, respectively.

Among the actives, UMW O&G erased four sen to 34.5 sen, Sumatec eased half-a-sen to 9.5 sen, PUC reduced 1.5 sen to 28.5 sen and Sapura Energy retreated five sen to 76 sen.

The FBM Emas Index contracted 51.63 points to 13,140.10, FBMT 100 Index went down 43.59 points to 12,804.78 and the FBM Emas Shariah Index 51.4 points was weaker at 13,567.37.

The FBM 70 dipped 36.16 points to 16,384.13 and the FBM Ace dropped 122.92 points to 6,683.26.

Sector-wise, the Finance Index slipped 56.14 points to 17,190.06, Industrial Index shed 125.70 points to 3,312.65 and the Plantation Index eased 6.18 points to 8,069.05.

Main Market volume was almost unchanged at 2.87 billion units worth RM3.01 billion from 2.87 billion units worth RM2.55 billion from Wednesday.

Volume on the ACE Market narrowed to 1.25 billion shares valued at RM194.32 million from yesterday's 1.67 billion shares valued at RM173.29 million.

Warrants' volume increased to 468.18 million units worth RM72.76 million from 425.21 million units worth RM67.54 million previously.

Consumer products accounted for 132.18 million shares traded on the Main Market, industrial products (601.82 million), construction (114.10 million), trade and services (1.68 billion), technology (96.67 million), infrastructure (5.11 million), SPAC (4.63 million), finance (69.44 million), hotels (160,300), properties (99.91 million), plantations (54.98 million), mining (767,500), REITs (7.83 million), and closed/fund (7,100). — Bernama


Citigroup reports US$18b loss on one-time tax items

NEW YORK, Jan 17 — Citigroup Inc posted an US$18-billion (RM71.1 billion) quarterly loss yesterday because of charges related to a new US tax law, but its adjusted earnings beat Wall Street expectations and management signalled that the bank may…


Trump tells Xi US-China trade deficit ‘not sustainable’

WASHINGTON, Jan 17 — President Donald Trump told Chinese President Xi Jinping that the growing US trade deficit with China isn’t sustainable, the White House said in a statement yesterday. Trump spoke with Xi on Monday to discuss trade, as…


Bursa Malaysia turns mixed at close

KUALA LUMPUR, Jan 16 — Bursa Malaysia turned mixed at close today as last-minute buying emerged in selected heavyweights to limit earlier losses, and despite a similar mixed sentiment on regional markets, dealers said. At 5pm, the benchmark…