Analysts see Sunway’s IJM deal boosting credibility, reducing holding company discount

Analysts see Sunway’s IJM deal boosting credibility, reducing holding company discount

news

Updated:
  • Sunway Bhd's RM11 billion acquisition of IJM Corporation is seen as a positive move for growth.
  • Analysts note potential earnings growth and diversification, though some question the offer price.
  • The deal could enhance Sunway's market position, but the RM3.15 offer may deter IJM shareholders.
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Redevelopment of Penang Waterfront needs close coordination with all parties, says Loke

Redevelopment of Penang Waterfront needs close coordination with all parties, says Loke

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Updated:
  • The Penang waterfront redevelopment plan needs coordination among stakeholders, including heritage management.
  • Transport Minister Anthony Loke emphasised the importance of public spaces and heritage preservation.
  • The project aims to create a pedestrian-friendly area with cafes and tourism facilities.
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LSH Capital to seek shareholders’ approval for RM484.8m Morib project with chairman’s Besteel Engtech

LSH Capital to seek shareholders’ approval for RM484.8m Morib project with chairman’s Besteel Engtech

news

Updated:
  • Lim Seong Hai Capital Bhd plans to invest RM484.8 million in a Morib rejuvenation project.
  • It includes renovating the Sri Morib Golf Club and developing 150 acres for residential and commercial use.
  • Shareholder approval is needed for the partnership with Besteel Engtech.
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Tay Hui Ling to be new CEO of Sentral REIT

Tay Hui Ling to be new CEO of Sentral REIT

news

Updated:
  • Sentral REIT appointed Tay Hui Ling as acting CEO effective Jan 22, pending approval.
  • She previously managed logistics funds for LOGOS and has extensive leadership experience.
  • Sentral REIT oversees prime properties in Klang Valley and Penang, with an occupancy rate of 86%.
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Bestari Perdana ramp to boost Meridin East growth, backs Mah Sing’s Johor strategy

Bestari Perdana ramp to boost Meridin East growth, backs Mah Sing’s Johor strategy

news

Updated:
  • Mah Sing Group has opened a new ramp and toll plaza to Bestari Perdana on the Senai-Desaru Expressway.
  • This RM70 million project enhances connectivity for the 1,313-acre Meridin East township.
  • The ramp will benefit over half a million residents and supports Johor's long-term growth strategy.
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Bridging borders: Malaysia, Taiwan explore synergies in industrial resilience, urban housing

Bridging borders: Malaysia, Taiwan explore synergies in industrial resilience, urban housing

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Updated:
  • In Taoyuan, Taiwan, autonomous robots efficiently manage logistics in a smart warehouse.
  • A Malaysian delegation explored sustainable housing and advanced logistics models.
  • The visit highlighted the need for Malaysia to adopt high-tech, collaborative methods to remain competitive.
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BNM keeps key interest rate at 2.75% as widely expected

BNM keeps key interest rate at 2.75% as widely expected

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Updated:
  • Malaysia's central bank has kept the benchmark interest rate at 2.75% amid a resilient economy.
  • Economic growth is projected to moderate to 4%-4.5% this year, supported by domestic demand.
  • Inflation is expected to remain moderate due to easing global cost conditions.
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Preferential withholding tax on REIT dividends likely to be renewed, says Kenanga

Preferential withholding tax on REIT dividends likely to be renewed, says Kenanga

news

Updated:
  • Kenanga Investment Bank suggests the preferential withholding tax on REIT dividends may be renewed.
  • The Malaysian REIT industry’s earnings are minimal compared to total tax revenues.
  • If the concession lapses, dividends received by investors will be subject to their respective tax brackets.
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Mah Sing’s fully sold M Astra gets 89% QLASSIC score

Mah Sing’s fully sold M Astra gets 89% QLASSIC score

news

Updated:
  • Mah Sing Group Bhd completed M Astra in Setapak ahead of schedule, achieving a record QLASSIC score.
  • The project, with a GDV of RM618 million, features two blocks of serviced suites and 24 retail lots.
  • Mah Sing plans to launch new projects in 2026 focusing on market demand and sustainability.
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HBA backs Hannah Yeoh’s transparency push on big projects, flags policy inconsistency over URA

HBA backs Hannah Yeoh’s transparency push on big projects, flags policy inconsistency over URA

news

Updated:
  • The National House Buyers Association Malaysia supports greater transparency in urban development.
  • They criticize the Urban Renewal Bill for undermining community rights and trust in governance.
  • HBA insists that urban renewal must prioritise legal certainty and accountability for sustainable progress.
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Analysts see Sunway’s IJM deal boosting credibility, reducing holding company discount