CGS-CIMB has maintained its "add" rating of Sime Darby Property Bhd at 59 sen, with an unchanged target price of 73 sen, and said it was positive on the developer's plans to introduce solar solutions for townships by leasing rooftops from homebuyers to instal solar panels, and supply to offtakers.
... as it believes that the market has moved past the "Forest City scare" or supply glut from the massive mixed-use development, thanks to incoming infrastructure developments.
Paramount Corp Bhd has set a sales target of RM1.2 billion for the financial year ending Dec 31, 2023 (FY2023), representing about a 10% increase against the RM1.1 billion sales achieved in FY2022.
The partnership aims to enhance STeP's position as a regional data centre hub in Southeast Asia.
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