Shares of SkyWorld Development Bhd (KL:SKYWLD) gained after resuming trade on Wednesday morning, following the signing of an agreement on Tuesday to jointly develop the country's largest affordable housing project with the Penang state agencies.
The two nominees are Ng Cheng Shin and Ooi Hoot Kuang.
Launched on Jan 23, ViO Banj’ran occupies 13-acre (5.26-hectare) freehold land, and features a total of 40 three- and two-storey bungalows.
The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.
The latest contract win is split into three phases and includes the construction of a power substation and two units of show houses.
"Kwasa Land will act as the master developer for this project."
The MOU, which was signed on Feb 2 with Solarvest and focused on developing a green industrial township within DESA 100, is now considered irrelevant due to the land sale.
SkyWorld said the stock exchange had approved its request for a trading suspension from 9am to 5pm, pursuant to Paragraph 3.1(b) of Practice Note 2 of the listing requirements.
Property developer UEM Sunrise Bhd (KL:UEMS) could emerge as a dark horse of the industry in 2025, driven by the upcoming launch of its flagship show gallery in Iskandar Puteri and anticipated disclosures on the revised Gerbang Nusajaya master plan.
The Construction Industry Development Board (CIDB) Malaysia appointed Zainora Zainal as its new chief executive officer (CEO), succeeding Datuk Mohd Zaid Zakaria, who retired on Nov 28.
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