Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags

Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags

news

Updated:
  • Contractors face margin pressure from rising costs due to Middle East conflicts, says CIMB Securities.
  • The firm downgraded its FBM KLCI target to 1,754 points, reflecting a more defensive stance.
  • CIMB added defensive stocks to its top picks while downgrading some sectors to 'neutral'.
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Gather Properties marks 12-year milestone with gala celebration, high performers rewarded

Gather Properties marks 12-year milestone with gala celebration, high performers rewarded

news

Updated:
  • Gather Properties Sdn Bhd celebrated its 12th anniversary with a gala night attended by 900 negotiators.
  • Event recognised top performers with various awards and highlighted the importance of digital content.
  • Looking ahead, the company aims to enhance its ecosystem through technology and innovation.
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KLCCP’s sukuk programme upsized to RM4 bil

KLCCP’s sukuk programme upsized to RM4 bil

news

Updated:
  • KLCCP Stapled Group upsized its sukuk programme to RM4 billion from RM3 billion on April 16.
  • A RM500 million tranche was issued with a 10-year tenure and a 3.86% profit rate.
  • KLCCP units rose 0.22% to RM9.17, valuing the company at RM16.6 billion.
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Malaysia hosts 30th EAROPH World Congress in Melaka, KPKT sec-gen appointed organisation president

Malaysia hosts 30th EAROPH World Congress in Melaka, KPKT sec-gen appointed organisation president

news

Updated:
  • Malaysia is hosting the 30th EAROPH World Congress in Melaka until April 26, 2023.
  • The event focuses on urban infrastructure management and features key speakers and discussions.
  • KPKT's Datuk Wira Dr M Noor Azman Taib was appointed EAROPH president for 2026-2028.
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JLL Malaysia secures 15,000 sq ft lease at Pavilion Bukit Jalil for North America's ACTIVATE, marking brand's first Asian outlet

JLL Malaysia secures 15,000 sq ft lease at Pavilion Bukit Jalil for North America's ACTIVATE, marking brand's first Asian outlet

news

Updated:
  • JLL Malaysia has secured a 15,000 sq ft lease for ACTIVATE at Pavilion Bukit Jalil, opening May 2.
  • This will be ACTIVATE's first Asian outlet, featuring tech-driven gaming experiences.
  • Deal highlights a trend in Malaysia's retail sector towards experiential entertainment to attract families.
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EcoWorld sells last two parcels at QUANTUM Edge, Kulai to hyperscale data centre operator for RM280.8 mil

EcoWorld sells last two parcels at QUANTUM Edge, Kulai to hyperscale data centre operator for RM280.8 mil

news

Updated:
  • Eco World Development Group has sold two industrial land parcels at QUANTUM Edge for RM280.8 million.
  • The sale, covering 49.588 acres, completes the disposal of all industrial land at the business park.
  • This deal boosts EcoWorld's FY2026 sales, achieving 52% of its target in just four months!
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Chow: State govt not involved in Mutiara Line LRT Package 2 contractor selection

Chow: State govt not involved in Mutiara Line LRT Package 2 contractor selection

news

Updated:
  • The Penang government is not involved in selecting the contractor for the Mutiara Line LRT project.
  • Chief Minister Chow Kon Yeow stated that evaluations are ongoing and no offers have been made yet.
  • Additionally, he addressed water concerns, suggesting measures to manage the declining levels in Sungai Muda.
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Cahya Mata Sarawak posts lower FY2025 profit on Oiltools slump and Phosphates costs, but property arm surges 50% on convention centre contract

Cahya Mata Sarawak posts lower FY2025 profit on Oiltools slump and Phosphates costs, but property arm surges 50% on convention centre contract

news

Updated:
  • Cahya Mata Sarawak Bhd reported a 48.8% profit drop to RM65.7 million for FY2025 due to losses in Oiltools.
  • Revenue fell 7.3% to RM1.11 billion, but the Property Development SBU saw a 49.8% revenue surge from BCCK 2.
  • The group anticipates a recovery in FY2026, driven by the Phosphates plant and ongoing construction projects.
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Johor’s proximity to Singapore remains key to drive data centre investments, credit rating firm director says

Johor’s proximity to Singapore remains key to drive data centre investments, credit rating firm director says

indepth

Updated:
  • Johor's location near Singapore boosts data centre investments despite rising costs, says Ng Yijing.
  • Land availability and extensive subsea cables keep Johor competitive, even as costs rise.
  • Policy changes are steering development towards higher-tier data centres, easing oversupply concerns.
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Battersea Power Station lines up immersive art and family activities for May half-term

Battersea Power Station lines up immersive art and family activities for May half-term

news

Updated:
  • Battersea Power Station will host immersive art installations from May 23 to 31, including Luxart.
  • Interactive A Line Florist installation by Anna Bruder allows visitors to create personalised flower artworks.
  • The riverside area will feature markets and attractions, including shops, restaurants, and a glass elevator.
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Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags