In a note on Tuesday (March 22), the research house said it is optimistic on the rental prospects of this asset as quality office space is highly sought after with the expansion of regional technology/telecommunication sectors in recent years.

Delphy comprises 177 double-storey link homes with a gross development value of RM108 million. All the units are 20ft by 75ft and come with four bedrooms and three bathrooms, with a built-up of 1,800 sq ft. They are priced from RM662,800.

The project from Syarikat Muhibbah Perniagaan Dan Pembinaan Sdn Bhd was awarded to Gabungan AQRS' wholly-owned Gabungan Strategik Sdn Bhd on Monday (March 21), according Gabungan AQRS' bourse filing.

"As such, bullish momentum above that level may propel the stock towards 86 sen or the 52-week high, followed by the 90 sen threshold.

In a bourse filing, the company said its wholly-owned subsidiary FBO Land (Setapak) Sdn Bhd has inked a conditional sale and purchase agreement with Eastland, Top Land Resources Sdn Bhd, Mentiga Development & Construction Sdn Bhd and Leading Ventures Sdn Bhd for the purchase of the commercial units for RM24.8 million, to be satisfied via the issuance of 381.54 million new shares at 6.5 sen apiece.

In a bourse filing on Friday (March 18), Lebtech said its subsidiary Lebtech Energy Sdn Bhd (LESB) entered into the MoU with SIO on March 14.

SkyWorld had organised a media tour on March 17 (Thursday) to celebrate the completion of the project as well as the official launch of Solution+, the first ecosystem and enhanced e-commerce platform in Malaysia that connects SkyWorld residents and traders. 

CGS-CIMB analyst Ngo Siew Teng said with the declining household income due to Covid-19, higher property overhang, potential interest rate hikes, rising construction costs and absence of the Home Ownership Campaign (HOC) in 2022, she remained cautious on the overall property market as buyer sentiment could be impacted by these key headwinds.

In a statement on Friday (March 18), the company said it is acquiring the stake for RM104.4 million, adding that this synergistic acquisition would help the group expand its product range from building materials into high value-added safety glass products, metal roofing, metal door and window frames.

In a bourse filing on Thursday (March 17), Vizione said it has entered into a memorandum of understanding (MoU) with HWGE to explore cooperation in the potential venture.