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 continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.
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.
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).
Genting Plantations Bhd’s (KL:GENP) recent acquisition of land in Bogor, Greater Jakarta, will increase its estimated end-FY2025 net debt of RM1.23 billion (22% net gearing) to RM1.58 billion (29% net gearing), which remains manageable.
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