The latest remark by the bank-backed investment firm came as it maintained a “market weight” stance on the country’s real estate investment trust landscape, “given the lack of compelling catalysts in the near term”.
Shares in the REIT rose 0.5 sen to last trade at 95 sen as at 2.12pm with 100,700 shares done.
Constructed on a 3.2-acre (1.29ha) leasehold land, M3 Mall is part of a larger mixed development project known as Medan Mega Melati, which also includes the M3 Residency.
Ahead of its planned completion in 2027 to reap the economic benefits of the project
Khalid, aged 60 this year, will take over the chairmanship in the government-owned public transport operator from Tan Sri Ismail Adam, whose term ended on Aug 31.
TRC Synergy said the project would contribute positively to the group's future earnings and earnings per share.
The authorities are ramping up action against condo and apartment owners defaulting on maintenance payments — by raiding their units and seizing movable items.
Ekovest expects SPE, River of Life, DUKE Phase-2's toll revenue, and unbilled sales from property development activities to contribute positively to the group's future results.
Dubbed the “VD TBM 2.0”, the 6.6m diameter machines were constructed by German tunnelling expert Herrenknecht AG’s Chinese subsidiary — Guangzhou Herrenknecht Tunnelling Machinery Co Ltd.
Although the group is in diversification mode, the construction division will remain its core business.
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