The research house said in a note on Thursday that although retail sales and footfall have recovered since the relaxation of movement restrictions, it does not expect the recovery in retail sales and footfall to translate into a significant improvement in rental reversion rates for malls in the near term.

The stock opened at RM1.20 before rising to a high of RM1.24. As at 9.38am, the counter had risen six sen or 5.13% to RM1.23, valuing the construction outfit at RM1.53 billion. 

In a statement on Thursday (April 7), the solar PV and earthing and lightning protection specialist said the company's wholly-owned subsidiary Pekat Solar Sdn Bhd (PSSB) has accepted the letter of award from Sun Estates for its appointment as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the project.

In a filing with Bursa Malaysia, the group said the RM9.5 million contract was awarded to its subsidiary TAFI Home & Office Sdn Bhd by Alpha Asset Sdn Bhd.

Noteworthy:

• Freehold

• Built-up: 3,954 sq ft

• Land size: 2,600 sq ft

• Five bedrooms, four bathrooms

• Semi-furnished

• Amenities: Shopping malls such as Main Place Mall USJ and One City, convenience of nearby shoplots with varieties of daily necessities,F&B offerings and public schools

When: January 2022

The contract was awarded by Eastern & Oriental Bhd's indirect subsidiary Persada Mentari Sdn Bhd to Kerjaya Prospek's wholly-owned unit Kerjaya Prospek (M) Sdn Bhd.

Noteworthy:

• Leasehold

• Built-up: 4,000 sq ft

• Land size: 1,760 sq ft

• Four bedrooms, five bathrooms

• Semi-furnished

• Accessibility via Middle Ring Road 2 (MRR2), New Klang Valley Expressway (NKVE), SPRINT Highway, Jalan Kuching and Jalan Ipoh.  

When: February 2022

In a statement, Mah Sing group chief executive officer Datuk Ho Hon Sang said: “M Arisa is located adjacent to M Centura, which was recently completed and the units were handed over to the purchasers. We can see that the sales rate of M Arisa has been very encouraging. For first-time homebuyers, younger professionals or young couples, M Arisa will be the perfect affordable residence that provides an abundance of green spaces.”

Investment analysts covering the stock believe that Gamuda can unlock the value of its highway concessions through the deal and that this will strengthen the group’s balance sheet, lower leverage, reward shareholders with special dividends and reduce borrowings.

Westports, authorities and external parties are still ascertaining the extent of the damage, and how many containers have been affected, the group said in a filing.