KUALA LUMPUR (July 26): RHB Retail Research said Eversendai Corp Bhd (KL:SENDAI) is attempting to resume the upside movement, testing the immediate resistance. In a trading stocks note on Friday, the research house said the counter is seen moving sideways below the 64 sen resistance. “We observed that trading volume has been increasing in tandem…
Read MoreKUALA LUMPUR (July 25): JAKS Resources Bhd (KL:JAKS) said it has signed a memorandum of understanding (MOU) with a subsidiary of TDM Bhd (KL:TDM) to collaborate on a land lease as part of its bid for the fifth Large Scale Solar (LSS5) programme. The construction and power utilities group said its wholly-owned unit, JAKS Solar…
Read MoreKUALA LUMPUR (July 25): IGB Real Estate Investment Trust’s (KL:IGBREIT) net property income (NPI) for the second quarter ended June 30, 2024 (2QFY2024) rose 6.5% to RM109.48 million from RM102.79 million a year ago, due to higher rental income. Its revenue increased 5.95% to RM149.97 million from RM141.54 million, said IGB REIT, which owns the…
Read MoreKUALA LUMPUR (July 25): KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net property income surged 62.8% in the final quarter of 2024 earlier, thanks to strong gain of retail properties in the northern and central regions. Net property income totalled RM26.43 million for the three months ended June 30, 2024 (4QFY2024) compared…
Read MoreKUALA LUMPUR (July 25): UOA REIT (KL:UOAREIT), a trust which mainly manages commercial properties, saw its net rental income fall 22.06% to RM16.48 million in its second quarter ended June 30, 2024 (2QFY2024), from RM21.15 million a year ago, dragged by higher property operating expenses. Its property operating expenses stood at RM11.11 million in 2QFY2024,…
Read MoreKUALA LUMPUR (July 25): IGB Commercial Real Estate Investment Trust’s (KL:IGBCR) (IGB Commercial REIT) net property income (NPI) rose 10.8% to RM34.45 million in the second quarter ended June 30, 2024 (2QFY2024) from RM31.11 million a year earlier, on higher rental income in the current quarter. It also saw net profit for the quarter increase…
Read MoreTan (second from left) and his dynamic team celebrating a double triumph at the Creative Colour Awards (CCA) in Chennai. PETALING JAYA: Nippon Paint has announced that TKCA Architect achievement as the recipient of the 2024 Creative Colour Awards (CCA) Grand Prix, which was presented on July 25, 2024 and held at the ITC Grand…
Read MoreVital housing decision tomorrow on whether ruling in Ang Ming Lee case has retrospective effect Central to the issue is the liquidated ascertained damages (LAD) claimed by the homebuyers, purportedly for late delivery of the property, despite being granted the EOT by the government before the SPA was signed. KUALA LUMPUR (July 25): Come Friday…
Read MoreKUALA LUMPUR (July 25): The Kuala Lumpur City Hall (DBKL) has implemented a periodic monitoring mechanism to evaluate high-risk and aged trees, particularly along the main roads of the capital. Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa stated that the assessment of high-risk trees is conducted in three stages, with the…
Read MoreKUALA LUMPUR (July 24): Gadang Holdings Bhd’s (KL:GADANG) net loss narrowed to RM9.37 million for its fourth quarter ended May 31, 2024 (4QFY2024) from RM27.7 million a year ago, as revenue expanded due to higher contributions from its construction division. Revenue rose 32% to RM150.5 million from RM114 million, according to the construction firm’s bourse…
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