KUALA LUMPUR (Sept 6): TA Securities is positive on CapitaLand Malaysia Trust’s (CLMT) disposal of the lowly occupied 3 Damansara Office Tower (pictured) in Petaling Jaya, Selangor. In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in…
Read MoreKUALA LUMPUR (Sept 5): Lion Industries Corp Bhd’s proposed RM92.03 million land disposal announced on Sunday has raised questions from Bursa Securities. Bursa Securities in a query asked Lion Industries five questions, including the reason for the estimated expenses for the disposal at RM22.23 million (24% of the proceeds), and how Lion Industries arrived at…
Read MoreKUALA LUMPUR (Sept 4): Chin Hin Group Property Bhd (CHGP) has proposed a private placement of RM102.36 million to finance the working capital requirements of its property development projects. The placement involves the issuance of up to 110.07 million new shares, representing not more than 20% of the group’s issued share capital, to independent investors…
Read MoreKUALA LUMPUR (Sept 5): Morning Crest Sdn Bhd has ceased to be a substantial shareholder in Eastern & Oriental Bhd (E&O) after selling 18.05 million shares or a 11.59% stake in the premier lifestyle property developer. Morning Crest, controlled by E&O former executive deputy chairman and managing director Datuk Terry Tham Ka Hon, disposed of…
Read MoreKUALA LUMPUR (Sept 5): Property developer Gamuda Land has entered into a partnership with ENGIE, a global player in the low-carbon energy and services industry, to develop sustainable townships with solar-power rooftops and green transportation by 2024. Under the partnership, ENGIE Services Malaysia and Gamuda Land will collaborate on the exploration and implementation of solar…
Read MoreKUALA LUMPUR (Sept 5): Ireka Corp Bhd has joined hands with a property development and construction outfit for a mixed development project in Kajang, with a gross development value of RM310 million. Ireka’s wholly-owned subsidiary Regal Variety Sdn Bhd inked a joint venture agreement with Elay Project Sdn Bhd to develop the project, which entails…
Read MoreKUALA LUMPUR (Sept 5): KIP Real Estate Investment Trust’s (KIP REIT) proposed related-party RM80 million acquisition of KIPMall Kota Warisan in Sepang is “fair, reasonable and not detrimental” to non-interested unitholders, said independent adviser Asia Equity Research Sdn Bhd (AER). KIP REIT is purchasing the land piece together with the one-and-a-half storey commercial centre from…
Read MoreBefore you embark on your investment journey, it’s crucial to know what options are available to you, as well as the risks and benefits. (Rawpixel pic) Investing, which involves allocating specific resources to obtain long-term returns, plays a crucial role in achieving financial goals, building wealth, and securing future financial stability. Before an individual embarks…
Read MorePenang’s premium shopping malls, tourist attractions, beaches, and delicious cuisine are a magnet for foreign investors. (Facebook pic) PETALING JAYA: Penang’s residential property market was the second-best performing market in Southeast Asia with an annual growth of 5.6% in the first half of 2023 (H1 2023), according to Knight Frank’s Asia-Pacific Residential Index for H1…
Read MoreMatrix Concepts’ flagship development is Bandar Sri Sendayan, which spans over 6,270 acres in Seremban West. (Sendayan web pic) PETALING JAYA: MIDF Research has initiated coverage on township developer Matrix Concepts Holdings Bhd at RM1.52 with a “buy” call and a target price (TP) of RM1.81, after the group showed improved performance. Among the primary…
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