SkyWorld Development Bhd is joining forces with Universiti Malaya to develop a transformative Application Programming Interface (API) set to revolutionise data integration ecosystem within the property development sector.
Packaging manufacturer and property developer Scientex Bhd kick-started its new financial year on a positive note, with its net profit for the first financial quarter ended Oct 31, 2023 (1QFY2024) climbing 28.6% to RM137.84 million, from RM107.18 million a year earlier, driven by its property division.
Eco World Development Group Bhd announced its results for 4Q2023 today, with EcoWorld Malaysia achieving RM3.61 billion sales in FY2023, exceeding its sales target of RM3.5 billion.
KPJ Healthcare Bhd’s plan to divest its loss-making Aged Care Business in Australia for A$700 million (equivalent to RM2.2 million) is being viewed positively by investment analysts, as the move is expected to cut operating costs and alleviate cash flow requirements for the country’s largest healthcare provider.
Johor Corp-linked Al-‘Aqar Healthcare REIT is disposing of its land and buildings of Jeta Gardens Aged Care Facility in Australia for AU$24.2 million (RM74.9 million) cash to Principal Healthcare Finance Pty Ltd.
Tower Real Estate Investment Trust (Tower REIT) has proposed a rights issue to raise gross proceeds of up to RM66 million to repay its bank borrowings and refurbish its existing properties.
Chin Hin Group Bhd’s conditional mandatory general offer (MGO) to acquire the remaining shares it does not own in Ajiya Bhd has turned unconditional after its collective shareholding — together with persons acting in concert with it — climbed past 50%.
Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd (KPG) at RM1.46, with a target price (TP) of RM1.79, and is positive on KPG’s outlook.
Noteworthy:
September 2023
Eco World International Bhd (EcoWorld International) announced its results for 4Q2023, where it saw a lower loss before tax (LBT) of RM36.93 million in 4Q2023 compared to LBT of RM94.64 million in 4Q2022.
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