News by Hong Leong Investment Bank

The group declared a semi-annual dividend of 3.43 sen per unit (1HFY18: 4.23 sen) going ex on Aug 22, 2019.

Despite the lacklustre overall office market, MQREIT’s office space will remain relatively stable and well guarded by its long weighted average term to expiry with well-spread net lettable area expiry.

Hong Leong Investment Bank Research: Maintain buy with an unchanged target price (TP) of RM3.03

The breakthrough of Selangor’s water restructuring exercise could spur stockists’ optimism on pipe  demand in FY19.

Hong Leong Investment Bank Research: Downgrade to neutral from overweight.

The contract is for the construction of one block of commercial building and one block of apartments at Medini Iskandar, Johor.

Mitrajaya announced that it has been awarded a RM99.9 million hospital building contract from IMU Education Sdn Bhd for the construction of a seven-storey private hospital with one level of basement and a six-storey podium car park.

Matrix Concepts Holdings Bhd has entered into a joint venture (JV) agreement (30% stake) for the joint development of the Islamic financial district in PIK2, Jakarta.

Kimlun has secured new construction contracts with total value of RM400 million. Its outstanding construction order book now stands at around RM1.7 billion.

Matrix clocked in total sales of RM381.6 million (+29.3% from 1QFY18) in 1QFY19 (despite 14th general election factors) attributable to the growing demand of its township and affordable pricing point.