KUALA LUMPUR (May 15): RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line. In a note on Wednesday, the research house said that if a breakout occurs, the bullish…
Read MoreKUALA LUMPUR (May 15): RHB Retail Research said Avaland Bhd (KL: AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level yesterday, on a surge in trading volume. In a note on Wednesday, the research house said that as it is riding above the 21-day simple moving…
Read MoreLaunching the 12-metre link bridge connecting TRX Residences to the activated rooftop TRX City Park and The Exchange TRX retail are (from left) are Yong, Tan, Chan, Nga, Nambiar, Khan and Ismadi. KUALA LUMPUR: Lendlease and TRX City recently announced the completion of TRX Residences, the residential component of The Exchange TRX precinct. Boasting the exclusive postcode…
Read MoreKUALA LUMPUR (May 15): SAMA Square, a commercial development by SkyWorld Development Bhd (KL:SKYWLD), has received up to 10,000 visitors since its pre-opening on May 11. SAMA Square is located within the 42-acre SkySanctuary township in Setapak, Kuala Lumpur. “The inception of SAMA Square was guided by two key concepts. Firstly, we aimed to redefine…
Read MoreKUALA LUMPUR (May 15): Prime Minister Datuk Seri Anwar Ibrahim has ordered the planting of 100 trees for every unnecessary felling of tree in the city. In a post on X (formerly Twitter), Anwar said he has issued this instruction to Kuala Lumpur Mayor Datuk Seri Kamarulzaman Mat Salleh. “I have instructed the Mayor that…
Read MoreKUALA LUMPUR (May 14): Former TIME dotCom Bhd (KL:TIMECOM) chief financial officer Shahnaz Farouque Jammal Ahmad (pictured) has joined Malaysia Building Society Bhd (KL:MBSB) as the banking group’s new CFO. Shahnaz will be replacing Ramanathan Rajoo, who will transition into the role of a special adviser to MBSB. The changes will take effect from June…
Read MoreKUALA LUMPUR (May 14): Tuju Setia Bhd (KL:TJSETIA) said Yeong Sin Khong had become a substantial shareholder after acquiring 18.2 million shares or a 5.74% stake in the construction services group. In a bourse filing, Tuju Setia said Yeong acquired the shares in the open market on Tuesday. The shares, representing a direct stake of…
Read MoreKUALA LUMPUR (May 14): The High Court has ruled that the requisition notice from 10 shareholders of Kumpulan Jetson Bhd (KL:JETSON) seeking an extraordinary general meeting (EGM) to remove the directors of the construction group is invalid. Judge Wan Muhammad Amin Wan Yahya also ruled that any further action taken regarding the requisition notice is…
Read MoreKUALA LUMPUR (May 15): The first two towers of TRX Residences, the residential component of The Exchange TRX precinct jointly developed by Lendlease and TRX City Sdn Bhd, were completed and obtained their Strata Title ahead of CCC (Certificate of Completion and Compliance). Housing and Local Government (KPKT) minister Nga Kor Ming who officiated the…
Read MoreKUALA LUMPUR (May 14): GuocoLand (Malaysia) Bhd (KL:GUOCO) — controlled by tycoon Tan Sri Quek Leng Chan — saw its net profit tumble 66.3% for the third quarter ended March 31, 2024 (3QFY2024), due to lower revenue from its property development division. Nonetheless, this was partially offset by a better performance of the hospitality division,…
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