Guocoland (M)

Guocoland (M)

Postby winston » Mon Jun 01, 2015 4:50 pm

It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Guocoland (M)

Postby winston » Mon Jun 01, 2015 4:53 pm

not vested

Apr 8, 2015

Guocoland’s 3QFY15 net profit fell 25.97% on-year to RM11.63mil due to lower contribution from its commercial property development business and joint venture projects.

Source: The Star
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Re: Guocoland (M)

Postby winston » Thu Jun 11, 2015 11:19 am

not vested

Guocoland: RM2.5b Damansara City to begin operations next year.

The RM2.5b Damansara City (DC), the flagship development of Guocoland (M) Bhd, is set to operate fully by 2Q16.

Sprawled over 3.44ha in Damansara Heights, the project consists of two high-rise residency towers, two Grade-A office towers, a lifestyle mall and a five-star hotel.

It is expected to attract more than 10,000 patrons daily.

“DC residents are welcomed to move in by the end of this year while corporate and retail tenants can do so by the second quarter of next year.

Our residences are 50% booked, with the corporate towers at 70% and the mall has secured in-principle agreements for half of the lettable space,” MD Tan Lee Koon said.


Source: The Star
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Re: Guocoland (M)

Postby winston » Thu Jan 21, 2016 8:43 am

Lower contribution from projects hurts Guocoland

PETALING JAYA: Property developer GuocoLand (M) Bhd posted a net loss of RM7.5mil in the second quarter ended Dec 31, 2015 on lower contribution from the company’s projects.

The company posted a net profit of RM3.02mil in the same quarter a year earlier.

It said revenue fell 34.9% to RM36mil on lower contribution from the company’s projects in PJ City, Commerce One, Old Klang Road and Amandarii Kajang.

In a filing with Bursa Malaysia, the company said these projects had contributed significantly in the previous corresponding period.

“The reduction in the contribution from commercial projects was partly mitigated by an increase in the residential project in Damansara City,” it said.

For the first half, the company recorded RM13.85mil in net profit from RM5.8mil a year ago, mainly due to a RM16.7mil in fair value gain from the valuation of investment properties.

Revenue was also higher at RM106.81mil during the period against RM83.81mil previously due to higher contributions from the company’s residential project in Damansara City and commercial project in PJ City Corporate Hub, the company said.

GuocoLand said the outlook and sentiment for the property market remained cautious amid the uncertain economic environment.

“The board foresees a challenging year ahead,” it said, adding that the company would continue to focus on timely completion of its development projects and to monetise its inventories.

Source: The Star
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