News by Sufi Muhamad

Analysts are upbeat on Sunway Bhd’s purchase of a 245-acre (99.15-hectare) freehold industrial land in Kuang, Rawang for RM115 million.

The termination of the controversial Petaling Jaya Dispersal (PJD) Link project by the Selangor state government, with less than two weeks before the state polls on Aug 12, is perhaps an indication of just how much is at stake for the Pakatan Harapan-led (PH) government that is trying to keep the state under its administration.

Sime Darby Property Bhd saw its counter close at its highest since March 2022, and was actively traded on Monday (July 31).

Sime Darby Property Bhd saw its counter rise to its highest since March 2022, and was actively traded on Monday morning (July 31).

CGS-CIMB remained upbeat on the construction sector with an “overweight” call as the KL-Singapore High Speed Rail (HSR) project gains traction.

Hong Leong Investment Bank (HLIB) Research has reaffirmed its call on IGB Real Estate Investment Trust (IGB REIT), with an unchanged target price (TP), and said the REIT will continue to demonstrate resilience for the remainder of the financial year 2023 (FY2023).

Property Developer UEM Sunrise Bhd piqued investor interest as its share price reached a two-year high and its shares were traded actively on Bursa Malaysia in the morning session on Thursday (July 20).

RHB Research has maintained an "overweight" call on the construction sector, with awards from the public sector seen picking up post-state elections in August, should the status quo be maintained.

Both firms entered into a subscription and shareholders agreement to establish a 50:50 special purpose vehicle (SPV) named Exio Logistics Sdn Bhd.

Boustead Holdings Bhd is set to be delisted on June 28 from the Main Market of Bursa Malaysia Securities Bhd.