Construction and property development player Bina Puri Holdings Bhd saw its 80%-owned Indonesian power subsidiary PT Megapower Makmur Tbk opening 70% higher from its offer price on its Indonesia Stock Exchange (IDX) debut today.
MIDF Research maintains neutral on Mah Sing with a lower target price of RM1.59.
Kumpulan Jetson shares fell 1.45% in early trade today after it said MCC Overseas (M) Sdn Bhd had withdrawn a RM919.32 million contract with its wholly-owned subsidiary Jetson Construction Sdn Bhd.
HBA says country could face a housing crisis.
Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour: A central authority could lead, oversee and coordinate affordable initiatives for the nation that would promote greater strategic and operational cohesion at the national level.
UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).
Management has attained the milestone of strengthening its working capital.
Tiger Synergy said the proposed JV allows it to expand the operation of its property segment and to complement the company’s existing business activities.
Bina Puri Holdings Bhd rose 3.66% this morning after it had received the green light from the Indonesia Stock Exchange (IDX) for the listing of its subsidiary PT Megapower Makmur Tbk, expected to take place on Wednesday.
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