Thai-based hotel management company ONYX Hospitality Group will be introducing three new properties in Malaysia this year. Located in Johor, these properties are OZO Medini, Shama Medini and Shama Suasana Johor Bahru.

Hong Leong Investment Bank (HLIB) Bhd has maintained its "neutral" stance on the property sector on the expectation of a normalised pace of billings and moderate growth in new property launches and sales throughout the year of 2024.

Shares in Kerjaya Prospek Group Bhd rose to a fresh record high of RM1.63 in early trade on Thursday as analysts viewed the group will continue to benefit from strong growth in Andaman Island.

At the close of Chin Hin Group Bhd's mandatory takeover offer (MGO) for the remaining 65.9% stake in Ajiya Bhd, Chin Hin received acceptances for 12.31 million shares, or the equivalent of a 4.17% stake.

RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.

Noteworthy:

• Freehold
• Land size: 74,000 sq ft
• Nearby amenities : Convenience stores, Genting Premium Outlets, Awana Sky Central
• Accessibility: Karak highway, MRR2, The Genting Sempah–Genting Highlands highway

When: September 2023

Tropicana Corporation Bhd closed 2023 on a high note, recording RM1.4 billion property sales and bagging 11 accolades from eight industry awards.

Investment in Asia-Pacific cold storage real estate will likely cross US$2 billion (RM9.26 billion) between now and 2030, compared to a US$948 million high in 2021, according to international commercial real estate and investment management company JLL’s latest research report, Cold chain, unlocked: The cold storage opportunity in Asia Pacific.

RHB Investment Bank Bhd (RHB IB) has maintained its "overweight" rating of the construction sector, projecting an upswing in contract roll-outs throughout 2024.

Kerjaya Prospek Group Bhd has bagged a contract worth RM170.94 million from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd, for the development of a 45-storey building on Andaman Island, Penang.