KUALA LUMPUR (April 19): UEM Sunrise Bhd held a groundbreaking ceremony for The Beat 2.0, Kiara Bay, a follow up to The Beat retail development. UEM Sunrise also signed partnerships with Harvey Norman Malaysia and BM Green Energy Sdn Bhd during the event. Since its inception in Kiara Bay on April 2022, The Beat has…
Read MoreKUALA LUMPUR (April 19): Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing. In a technical tracker…
Read MoreKUALA LUMPUR — MIDF Research has maintained a positive outlook on the property sector as it sees the landscape for the sector is improving, underpinned by a stable House Price Index (HPI) outlook, an unchanged overnight policy rate at 3.0 per cent, and a noticeable reduction in residential overhang. Additionally, the upcoming infrastructure projects such…
Read MoreKUALA LUMPUR (April 18): Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental…
Read MoreKUALA LUMPUR (April 17): IGB Real Estate Investment Trust (IGB REIT) reported on Wednesday, a 4.79% jump in its first-quarter net property income (NPI) from a year earlier, thanks largely to higher rental income. NPI for the first quarter ended March 31, 2024 (1QFY2024) rose to RM124.24 million, from RM118.55 million last year, according to…
Read MoreTransit-oriented Developments (TODs) continue to emerge due to the growing value of convenience in urban areas. By Yanika Liew From the Mass Rapid Transit to the East Coast Rail Link (ECRL) and the Penang Light Rail Transit project, the rail industry sees increased focus as the government zeroes in on Malaysia’s public transportation needs. With…
Read MoreKUALA LUMPUR (April 16): YNH Property Bhd said the independent review of its joint venture (JV) and turnkey construction agreements, which was initially slated to be completed this week, needs more time. The property developer said it had only been able to move towards finalising the appointment of a professional firm after it appointed a new…
Read MoreKUALA LUMPUR (April 15): East Coast Rail Link-Economic Accelerator Projects (ECRL-EAPs) are set to boost socio-economic activities within various sectors, such as construction, tourism, trade and industrial development, said the Malaysian Investment Development Authority (Mida). The ECRL-EAPs are infrastructure projects started in April 2019, in collaboration with Mida and China Communications Construction Company. Mida emphasised…
Read MoreKUALA LUMPUR (April 15): Bandar Utama City Centre Sdn Bhd has appointed Solarvest Energy Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, to install on-site solar photovoltaic panels and building-integrated PV panels at the 1 Utama Shopping Centre. The solar power system, reportedly the largest in Malaysia, will cover 273,300 sq ft of the mall’s…
Read MoreKUALA LUMPUR (April 15): Kumpulan Kitacon Bhd has secured a letter of award (LOA) of main building works for a contract worth RM134.8 million in Ijok, Selangor. In a bourse filing on Monday, Kitacon said its unit Kitacon Sdn Bhd has accepted the LOA from Tropicana Alam Sdn Bhd for the proposed construction and completion…
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