YTL Hospitality REIT eyes RM99 mil private placement for debt repayment

YTL Hospitality REIT eyes RM99 mil private placement for debt repayment

news

Updated:
  • YTL Hospitality REIT plans to raise RM99 million by placing up to 90 million new units.
  • The units will represent about 5% of the REIT's enlarged capital, priced at RM1.10 each.
  • The REIT currently has RM1.41 billion in borrowings and manages 18 properties.
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KPKT implements immediate mitigation measures over TTDI water overflow

KPKT implements immediate mitigation measures over TTDI water overflow

news

Updated:
  • The Ministry of Housing and Local Government addressed flooding concerns in Taman Tun Dr Ismail.
  • They initiated technical measures to improve drainage and mitigate overflow from recent heavy rains.
  • Ongoing actions include upgrading retention ponds and inspecting drainage systems to prevent future incidents.
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SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

news

Updated:
  • SD Guthrie Bhd and the Selangor government have partnered for a major development on Carey Island.
  • The MOU outlines plans for a 2,500 to 5,000-acre project linked to the Carey Island Port expansion.
  • This initiative aims to enhance the island's economic potential and support Selangor's growth agenda!
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Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

news

Updated:
  • Astaka Holdings Ltd is entering the healthtech sector by partnering with Evergrown Holdings Bhd.
  • They will manufacture healthtech light products to enhance hygiene in built environments.
  • Astaka aims to launch its brand in Singapore by 3Q2026, expanding regionally thereafter.
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YTL 1HFY2026 earnings hit by lower power prices, Malayan Cement bright spot

YTL 1HFY2026 earnings hit by lower power prices, Malayan Cement bright spot

news

Updated:
  • YTL Corp Bhd's net profit fell 21.01% to RM784.51 million in 1HFY2026 due to lower electricity prices.
  • YTL Power's net profit dropped 43.13% to RM436.56 million.
  • Malayan Cement saw a 26.15% profit rise to RM232.98 million.
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UEM Sunrise FY2025 revenue rises 27% to RM1.7b, proposes higher 1.43 sen dividend

UEM Sunrise FY2025 revenue rises 27% to RM1.7b, proposes higher 1.43 sen dividend

news

Updated:
  • UEM Sunrise Bhd reported a 27% revenue increase to RM1.7 billion for FY2025, driven by property development.
  • The company proposed higher dividends of 1.43 sen per share, exceeding last year's payout.
  • For FY2026, UEM Sunrise targets RM1.3 billion in sales and plans to focus on attainable homes in key regions.
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Chin Hin 4Q net profit up 5% to RM38 mil on turnaround in property business

Chin Hin 4Q net profit up 5% to RM38 mil on turnaround in property business

news

Updated:
  • Chin Hin Group Bhd's net profit rose 5.37% to RM37.99 million in 4QFY2025, driven by property development.
  • Revenue increased 9.71% to RM1.09 billion, with the property segment's revenue tripling to RM282.86 million.
  • For FY2025, net profit fell 9.75% to RM103.63 million, despite a revenue rise to RM4.07 billion.
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Berjaya Property’s ultra-luxury gambit

Berjaya Property’s ultra-luxury gambit

news

Updated:
  • Berjaya Property Bhd is shifting towards the ultra-luxury market, with strong sales in premium projects.
  • It reported a net loss of RM121.76 million due to currency impacts, but core property revenue grew 2.3%.
  • Analysts suggest a potential REIT structure could unlock value, aligning with broader industry trends.
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IJM Land launches RM92.9 mil Sutera Phase 2 at S2 Heights Aman

IJM Land launches RM92.9 mil Sutera Phase 2 at S2 Heights Aman

news

Updated:
  • IJM Land Bhd has launched Sutera Phase 2 at S2 Heights Aman, valued at RM92 million.
  • This phase includes 104 two-storey link homes with built-ups from 1,949 sq ft.
  • The development features green areas and is near lifestyle hubs, promoting a family-friendly environment.
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