News by Myia S Nair

MIDF Research has raised concern over the sharp selloff in Malaysian construction stocks, suggesting that market reaction may be overdone. 

Kenanga Research said Genting Plantations Bhd's (KL:GENP) proposed disposal of its Melaka land is accretive in nature and outweighs the loss of crude palm oil (CPO) income from the estate.

Sentral Real Estate Investment Trust (KL:SENTRAL) is poised for modest earnings growth in fiscal year 2025 (FY2025), driven largely by rental reversion across the REIT’s portfolio, according to analysts.

The long-awaited transformation of Johor into a key investment hub is “finally happening” after a couple of “false dawns”, says Jefferies.

The potential implementation of export limitations by the US government on artificial intelligence (AI) chips is not expected to impact the operations of existing data centres in Malaysia, according to deputy minister of investment, trade and industry (Miti) Liew Chin Tong.

Kenanga Research has downgraded its sector call on real estate investment trusts (REITs) to “neutral” from “overweight”.

Construction and property firms would be the first beneficiaries of the Johor-Singapore Special Economic Zone (JS-SEZ) that will require everything from utilities to warehouses, and from houses to offices.

Sunway Real Estate Investment Trust (KL:SUNREIT) said on Thursday that it has completed the acquisition of Kluang Mall in Johor for RM158 million.

AmInvestment Bank expects UOA Real Estate Investment Trust (KL:UOAREIT) to post a 14.3% quarter-on-quarter increase in its distributional income, on slightly higher gross rental income and lower property operating expenses.

Gamuda's subsidiary DT Infrastructure Pty Ltd recently secured a RM1.8 billion contract from Lightsource bp Renewable Energy Investments Ltd for the Goulburn River Solar Farm in New South Wales, Australia.