PGF Capital to return to growth as it resolves Tanjung Malim property project issues by FY2027

news

Updated: January 9, 2026

PGF Capital's share price has suffered due to delays from unresolved water supply issues at Tanjung Malim.
Water supply problem had prevented its Tanjung Malim property development from starting.
TA Securities maintains a 'buy' rating, projecting a target price of RM2.92 as PGF resolves these issues and capitalizes on its land bank.

news

Updated: March 17, 2026

Malaysia's East Coast Rail Link (ECRL) is now in testing after completing track construction.
The project is 93% complete, with operations expected to start in early 2027.
Full completion is scheduled for late 2026, connecting key regions and enhancing regional connectivity.

news

Updated: March 17, 2026

Malaysia's REIT sector is seen as a defensive investment with steady yields and growth from Visit Malaysia 2026.
Despite geopolitical tensions, investor interest in domestic earnings and dividends remains strong.
Retail and industrial REITs are expected to benefit, while the office segment shows signs of recovery.

news

Updated: March 17, 2026

Adnex Group Bhd reports that geopolitical tensions haven't significantly impacted its operations.
The firm sources most materials domestically and from China, but rising oil prices could affect costs.
Adnex plans to expand in Malaysia and Southeast Asia, with a strong order book indicating growth potential.

news

Updated: March 17, 2026

The Rehda Institute will lead a Malaysian delegation to the UK from March 19 to 25 for a study mission.
Delegates will engage with UK experts on sustainable urban development and participate in strategic forums.
The mission aims to translate international insights into practical solutions for Malaysia's housing and urban planning challenges.

news

Updated: March 16, 2026

Permodalan Nasional Bhd (PNB) has rejected Sunway Bhd's voluntary takeover offer for its IJM stake.
Decision followed a thorough evaluation, focusing on PNB's fiduciary duty and long-term value considerations.
PNB emphasised that IJM's market valuation does not reflect its true value.

news

Updated: March 16, 2026

IJM Corporation is reviewing its business strategy, including monetising part of its 3,000-acre land bank.
The company aims to focus on smaller projects and has a pipeline of investment properties worth RM5 billion.
Key initiatives include rationalising its India portfolio and exploring options for its toll road assets.

news

Updated: March 16, 2026

S P Setia Bhd has launched a Hari Raya Aidilfitri sales campaign with incentives for home buyers.
The "Rezeki Bonanza" campaign offers up to RM370,000 in rewards and a RM4,000 bonus for timely bookings.
Festive events and a Raya-themed game will enhance engagement at sales galleries across Malaysia.

news

Updated: March 17, 2026

Kuala Lumpur Festival (KL Fest) will run from May 6 to 31, featuring over 80 cultural events.
The festival aims to attract 100,000 visitors and boost local businesses through diverse programming.
This year's theme, "Memory & Tomorrow", emphasises community engagement and accessibility in the arts.

news

Updated: March 16, 2026

Semantan Estate has filed for pre-Merdeka land records to aid in compensation assessment proceedings.
They seek documents to establish land value and zoning from 1956 for a proper market valuation report.
Compensation hearing is set for April 3-10, following a court ruling on land valuation based on 1956 prices.