<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 27): Tropicana Corp Bhd has surpassed its property sales target, hitting RM650 million in the six months ended June 30, 2023 (1HFY2023) as property bookings soared above RM1.3 billion.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, the property developer said it is on track to achieve RM1.3 billion sales as it focuses on rolling out market-centric developments while selling completed stocks to drive significant cash flows.</p></div>

<div class=newsTextDataWrapInner><p>It added that its unbilled sales stood at RM2.1 billion, providing sustainable earnings for the group.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We will continue to unlock our land bank offering for new developments with a total gross development value (GDV) of RM1.1 billion which will contribute to the future earnings of the group.</p></div>

<div class=newsTextDataWrapInner><p>“In the pipeline, we will be unveiling Tropicana’s first township at Puncak Alam, offering our Tropicana unique development DNA to the community,” said Tropicana.</p></div>

<div class=newsTextDataWrapInner><p>The group's total land bank spans 2,091 acres, with a total potential GDV of RM203.7 billion. This, it said, places the group in a good position to unlock the value of its strategic landbank and deliver sustainable performance in the next few years.</p></div>

<div class=newsTextDataWrapInner><p>Tropicana shares fell right sen or 6.02% to RM1.25 on Thursday (July 27), valuing the group at RM2.87 billion.</p></div>


Tropicana Corp Bhd has surpassed its property sales target, hitting RM650 million in the six months ended June 30, 2023 (1HFY2023) as property bookings soared above RM1.3 billion.

Tropicana Corp's half-year property sales surpass target to hit RM650m

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<p>The key focus at home this week is the <b>October trade and inflation data</b>, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.</p>


<p>Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.</p>


<p>Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.</p>


<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


<p>A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.</p>


<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>
