News by M

Founder of Gamuda Bhd (KL:GAMUDA) Datuk Lin Yun Ling has exercised his share options under the Employees' Share Options Scheme (ESOS) to acquire 1.2 million shares at RM2.55 apiece.

AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) is selling its office building, Contraves building in Cyberjaya, for RM42.5 million cash.

IJM Corp Bhd (KL:IJM) has secured a contract to design and build a data centre for a subsidiary of Telekom Malaysia Bhd (KL:TM) in Iskandar Puteri, Johor, for RM331.7 million.

Noteworthy:

• Freehold
• Built-up size: 4,800 sq ft
• Land size: 6,113 sq ft
• 7 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: LRT Awan Besar, LRT Sri Petaling, Columbia Asia Hospital - Bukit Jalil, National Stadium-Bukit Jalil, Bukit Jalil Recreational Park, various small businesses, schools
• Accessibility: KESAS, NPE, Old Klang Road, Jalan Awan Besar, MEX

When: February 2024

Northern Solar Holdings Bhd, which installs solar panels and operates solar farms, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion.

Analysts remain upbeat on Gamuda Bhd (KL:GAMUDA), which recently reported stronger quarterly earnings, given its extensive overseas exposure and substantial order book.

Berjaya Tagar Sdn Bhd, a subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched an affordable residential project on Wednesday under Berjaya Flagship Affordable Homes (BFAH) called Pangsapuri Azalea in Subang Heights, Subang Jaya, Selangor.

Shares of IOI Properties Group Bhd extended its decline to their lowest in seven weeks amid concerns of rising debt after the developer announced its chief executive has proposed the joint development of Shenton House in Singapore.

Noteworthy:

• Freehold
• Built-up size: 6,000 sq ft
• Land size: 16,892 sq ft
• 6 bedrooms, 8 bathrooms
• Semi-furnished
• Nearby amenities: MRT Semantan, MRT Pusat Bandar Damansara, Pavilion Damansara Heights, The Five @ KPD, Plaza Damansara, HELP University, National Science Museum, KLGCC
• Accessibility: SPRINT-Damansara Link and Kerinchi Link, Jalan Tuanku Abdul Halim, Jalan Semantan, LDP, Jalan Damanlela

When: May 2024

Gamuda Bhd’s (KL:GAMUDA) net profit rose 5.56% to RM235.8 million for the third quarter ended April 30, 2024 (3QFY2024), from RM223.37 million in the previous year’s corresponding quarter, as it registered higher contribution from overseas projects.