News by M

Ageson Bhd (KL:AGES), whose external auditor raised concerns about its receivables as well as its subsidiaries’ revenues and asset valuation, announced that consultant Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) did not find any “material adverse findings from its independent assessment”.

Property developer BCB Bhd (KL:BCB) is buying 59 parcels of freehold land in Batu Pahat, Johor, measuring approximately 286.82 acres, for RM83.71 million from oil palm cultivator Lian Hup Seng Sdn Bhd.

RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.

RHB Retail Research said Avaland Bhd (KL: AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level yesterday, on a surge in trading volume.

This projection is backed by the strong participation expected at the BuildXpo exhibition and targeted international business matching sessions, which will attract approximately 25 buyers from at least 10 diverse markets, including China, Thailand, Indonesia, Singapore, Russia, Zambia, Zimbabwe, Korea, Japan, and India.

“[We are considering this Act] to govern the protection of the interest of purchasers, developers and landowners. [This] not only will apply to residential properties, [but also] to commercial properties."

AME Elite climbed as much as 10% or 18 sen to RM1.96 during the morning session. The counter settled at RM1.78 at Tuesday’s noon break, valuing the construction company at RM1.14 billion.

YNH said a land search conducted on Feb 26, 2024 revealed the caveat lodged over the property on Sept 25, 2023 and an endorsement dated Sept 29, 2023, pending registration, accompanied by remarks indicating “Hakmilik Kekal Ambil Balik Sebahagian Tanah” for an acquisition.

Nonetheless, this was partially offset by a better performance of the hospitality division, thanks to higher occupancy and better average room rates.

Gagasan Nadi Cergas Bhd (KL:NADIBHD) launched its latest affordable housing project named Idaman Amani in the City of Elmina, Selangor on May 11 (Saturday) in conjunction with the opening of the Gagasan Nadi Cergas’ Galeri Idaman sales gallery at Kwasa Damansara, according to a press statement on Monday.