News by Isabelle Francis

KUALA LUMPUR (Oct 2): RHB Research said Malaysia is poised to become the largest data centre (DC) hub in the region, with Johor as the new DC capital, bringing online at least 1.4 Gigawatt (GW) over the next three years, while it shrugs off concerns about potential oversupply.

Telekom Malaysia Bhd (KL:TM) data centre joint venture (DC JV) with Singtel could potentially contribute RM80 million to RM85 million in earnings to the group, or 4% of group profit after tax and minority interests in FY2027, according to RHB Research in a note on Wednesday.

The house observed a significant increase in order books mainly driven by EPCC jobs under the Corporate Green Power Programme (CGPP).

India’s Eros Investments Ltd, along with its Immerso AI-IP division, is set to invest US$1 billion (RM4.33 billion) to establish an artificial intelligence (AI) park and film studio in Malaysia, according to a statement from Malaysia’s Ministry of Digital on Thursday.

During the quarter under review, increased profits from property, hospitality and financial services was more than offset by a 55% decline in the industries segment. 

With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia may still rely on conventional power for DCs at home, said experts.

Pavilion Real Estate Investment Trust's (KL:PAVREIT) earnings and dividends are expected to pick up in the seasonally stronger second half, analysts said and recommended investors continue accumulating the stock.

Ekovest Bhd (KL:EKOVEST) clarified that it had officially concluded its contractual role as the project delivery partner (PDP) for the River of Life project in January 2015, according to a filing with Bursa Malaysia on Monday.

Shares in Tafi Industries Bhd (KL:TAFI) surged to their highest in 18 months on Monday, after the company secured contracts for construction, piling and furniture works worth a combined total of RM207.46 million.

Kenanga Research said real estate investment trusts (REITs) are not the best alternative to holding cash, while reiterating its 'neutral' call on the sector.