Binastra gets RM574 mil construction job from Exsim Jalil
Binastra Corp Bhd (KL:BNASTRA) has secured a project worth RM574.4 million from Exsim Jalil Link Sdn Bhd for a proposed development of a data centre.
RHB upgrades basic construction materials to 'overweight', Cahya Mata Sarawak the top pick
RHB Research has upgraded the basic construction materials sector to 'overweight' from 'neutral', amid a positive outlook on aluminium and cement companies under its coverage.
MIDF positive on REITs' earnings prospects for 2H2024 amid bright retail, industrial outlook
The earnings prospect for real estate investment trusts (REITs) in the second half of this year is expected to remain positive, due to the bright outlook for the retail industry and industrial segment in Malaysia, according to MIDF in a note on Friday.
Zafrul: Govt has no plans to introduce carbon tax in Budget 2025
Implemented in over three dozen countries to date, carbon tax is a type of levy based on the emissions of environmentally polluting gasses from consumption of fossil fuels such as coal and diesel.
Malaysia aims to draw in RM300b of green investment by 2030
“It is important to achieve the investment of RM300 billion [by 2030], so that we can get to net zero by 2050."
Analysts trim Sentral REIT earnings forecasts on lower occupancy, but flag attractive yield
Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term.
I-Bhd's 2Q net profit triples as leisure business turns around
Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income.
Analysts upbeat on Sentral REIT for attractive FY2024 yield
Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.
MUI Properties says unaware of unusual trading in its shares
MUI Properties Bhd (KL:MUIPROP) said it is not aware of any corporate development that caused the unusual market activity (UMA) in its shares, which climbed to a near four-year high on Monday.
Axis REIT to see sustained earnings in 2H, says HLIB
Hong Leong Investment Bank (HLIB) Research has maintained its 'buy' rating for Axis REIT (KL:AXREIT) at RM1.87, with a lower target price of RM2.03 (from RM2.04), saying the real estate investment trust's quarterly core net profit of RM39.6 million, which was 1.1% lower quarter-on-quarter but 17.2% higher year-on-year, brought the sum to RM79.6 million for the first half ended June 30, 2024 (1HFY2024).
