Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on Sunway Real Estate Investment Trust (Sunway REIT) at RM1.57 with an unchanged target price (TP) of RM1.87, based on FY2024 DPU (distribution per unit) on targeted yield of 5.3%.
MGB Bhd has bagged a RM46.8 million contract to build 155 double-storey terrace houses at the D’Island Residence township in Puchong.
Inta Bina Group Bhd has secured a RM79.9 million contract to build houses near Bandar Puncak Alam in Ijok, Selangor.
Sunsuria Bhd has launched Sunsuria Care, a community-driven initiative, in a bid to provide basic medical services and support to its community. The maiden project of the initiative is Sunsuria Care Hub, which is located at the Sunsuria City Celebration Centre in Sepang.
The Ministry of Local Government Development (KPKT) has voiced its intention to have exchange sessions with Singapore’s experts to help solve Malaysia’s affordable housing woes.
In fact, this is not the first time KPKT attempts to study and incorporate the Singapore’s pubic housing model within the local context. Back in 2018 during the Pakatan Harapan’s administration, the then KPKT minister conducted a three-day official visit to Singapore to learn the developments, plans, history and background that drive housing developments there.
Sunway REIT Management Sdn Bhd has announced the properties that it would acquire for Sunway Real Estate Investment Trust (Sunway REIT) from the Employees Provident Fund (EPF) worth RM520 million in total.
Haily Group Bhd has secured a RM32.67 million contract to build 186 units of single-storey terrace houses in Bandar Putra Kulai, Johor.
Two Berjaya Corp Bhd subsidiaries have acquired shares in 7-Eleven Malaysia Holdings Bhd (SEM).
GFM Services Bhd is spending RM9 million to take over a company that has been awarded the rights to develop a Rest and Service Area (RSA) along the Kuala Lumpur-Karak Expressway.
Noteworthy:
When: September 2022
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