Gamuda still has strong upside ahead, RHB IB says in raising consensus-topping target
The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.
Sarawak builder Hartanah Kenyalang files for ACE Market IPO
Hartanah Kenyalang Bhd, a Sarawak-based construction services firm, has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for expansion and to finance existing operations.
Melaka real estate firm SPB Development files for IPO on Main Market
SPB Development Bhd, a real estate developer, filed for an initial public offering (IPO) on the Main Market of Bursa Malaysia to raise funds to acquire more land and finance existing projects.
Lim Seong Hai Capital files for IPO as part of transfer to ACE Market
Lim Seong Hai Capital Bhd (KL:LSH), a construction and engineering firm, has filed for an initial public offering (IPO) as part of its listing transfer to the ACE Market, from the LEAP Market.
Intel will delay ops of new facility being built in Penang — CEO Gelsinger
Intel Corp will delay the operations of a new plant currently being built in Malaysia as the world’s largest computer chip maker grapples with declining sales and mounting quarterly losses.
Govt announces incentives to jumpstart Forest City special financial zone
The Malaysian government on Friday announced incentives to jumpstart the Forest City special financial zone that include special corporate income tax rates and 0% tax rate for family offices.
_3.jpg)
EcoWorld shares climb to seven-week high after 3Q results beat estimates
Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Friday to their highest in seven weeks after the property developer reported better-than-expected third-quarter results.
WCT shares rise on planned REIT spin-off, analysts expect lower debt levels
Shares of WCT Holdings Bhd (KL:WCT) rose on Thursday as investors lauded a planned listing of a real estate investment trust, while analysts praised the move that would help pare the company’s debts.
Widely expected US rate cut to boost large-cap banks, energy stocks, REITs — Kenanga
A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.
Binastra Corp gets RM283m KL apartment construction contract
Binastra Corporation Bhd (KL:BNASTRA) said on Thursday it has secured a construction contract worth RM283.33 million for an apartment project in Kuala Lumpur.
