RHB Investment Bank (RHB IB) Research has maintained its "overweight" rating on the construction and engineering sector and said it remains upbeat on the construction sector, premised on the lifting of the political overhang post state elections.
Singaporean MeGroup’s Malaysian subsidiary Menang Nusantara Sdn Bhd (MNSB) has acquired a property at Lot 16, Jalan 3, Kawasan Perusahaan Cheras Jaya at Balakong, Selangor for RM16.2 million (S$4.7 million).
YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT) is acquiring Hotel Stripes Kuala Lumpur, Autograph Collection for RM138 million cash, in a related party transaction (RPT).
Noteworthy:
When: March 2023
Paramount Corp Bhd said it expects to report stronger earnings for the second half ending Dec 31, 2023 (2HFY2023), driven by new launches and ongoing efforts to improve its return on assets.
Eco World Development Group Berhad has entered into a conditional sale and purchase agreement with IOI Prima Property Sdn Bhd to acquire 403.78 acres of land located in Mukim Senai, Daerah Kulai, Negeri Johor for a purchase consideration of RM211.065 million to be settled in cash.
Tropicana Metropark has rolled out its SouthPlace 2 Shoppes & Residences at Subang Jaya, an 88-acre master development by Tropicana Corp Bhd, which will also be home to the upscale supermarket Mercato.
S P Setia held its second Setia4Malaysia Unity Run this year in Kota Kinabalu, Sabah on Sunday (Sept 3) as part of the Malaysia Day celebrations and to spread the spirit of unity in East Malaysia.
TA Securities is positive on CapitaLand Malaysia Trust’s (CLMT) disposal of the lowly occupied 3 Damansara Office Tower in Petaling Jaya, Selangor.
Pavilion Real Estate Investment Trust (Pavilion REIT) plans to purchase renewable energy (RE) under the Corporate Green Power Programme (CGPP) to power its malls.
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