In a company update note on Friday, the research house expressed pleasant surprise at this development, considering it as yet another effort by SimeProp to activate its non-core land bank.
In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
MBSB's previous chairman Tan Sri Azlan Zainol passed away in January last year.
According to Kumpulan Jetson, the proposed SCR is to enhance the group’s credibility with bankers, customers, suppliers and investors due to an improved financial standing, as well as facilitate the declaration of dividends in the event the company has retained earnings in the future.
The company noted the project is expected to contribute positively to its earnings and net assets for the financial years ending June 30, 2025 (FY2025) and onwards.
“The disposal will result in a one-off net gain of approximately RM31.
In a filing to Bursa Malaysia on Wednesday, the troubled oil and gas services company said the auction sale of its Johor property on Jan 2 was unsuccessful, but did not elaborate.
MIDF Research said from a medium-term perspective, policy rate normalisation is needed to avert risks that could destabilise the future economic outlook such as persistently high inflation and a further rise in household indebtedness.
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