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Inta Bina unit clinches RM206m contract from Southville City

Construction outfit Inta Bina Group Bhd’s unit has clinched a contract from Southville City Sdn Bhd for related works at Phase 1 and 2 of SouthvilleCity-M Sinar for RM206 million — an amount that is almost double its market capitalisation.

DONE DEAL: Serviced residence, Residensi Damansara Glomac, Kuala Lumpur

Noteworthy:

  • Freehold
  • Built-up size: 1,840 sq ft
  • 4 bedrooms, 4 bathrooms
  • Semi-furnished
  • Nearby amenities: Convenience stores, clinics, banks, One Utama Shopping Centre, IKANO, The Curve, IKEA, MRT TTDI, MRT Bandar Utama
  • Accessibility: Damansara-Puchong Expressway, SPRINT highway, Federal highway

When: February 2023

UEM Sunrise unit buys 1.22-acre Perth land for RM66m to build apartments

The upcoming mixed-use residential precinct will comprise the delivery of dual towers featuring approximately 430 apartments across both plots of land, alongside 12% affordable housing, though these are subject to development approval with further details to be determined.

Malayan Cement a key beneficiary of HSR and MRT3, says CGS-CIMB

The research house has maintained its “add” rating on Malayan Cement at RM3.25 with a higher target price of RM5.55 (from RM5.08) and raised the company’s earnings per share by 4% for the financial year 2023 (FY2023), by 32% for FY2024 and by 29% for FY2025.