News by Syafiqah Salim

Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, has secured a RM152 million construction job in Kuantan, Pahang.

Axis Real Estate Investment Trust (Axis REIT) posted a 15.39% year-on-year increase in net property income (NPI) for the fourth quarter ended Dec 31, 2024 (4QFY2024), contributed by its new acquisitions and new tenancies.

AME Real Estate Investment Trust (KL:AMEREIT) reported a 1.4% increase in net property income (NPI) for the third financial quarter, thanks to contributions from a newly-acquired property and tenancy renewals at higher rates.

Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia rebounded on Tuesday, driven by expectations of gradual approach to tariff policies by the new Donald Trump’s US administration.

More rolling stocks will be needed to achieve the target, and the government is currently discussing its options and plans.

The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.

Malaysian construction stocks fell further on Friday, as investors further cut their exposure to data centre plays, amid lingering fallout from intensifying US controls on advanced chip exports. 

Data-centre proxy stocks on Bursa Malaysia have fallen sharply since the beginning of the year, due to US export restrictions on artificial intelligence (AI) chips, but analysts caution against buying the dip too soon.

Sarena assumed the role of executive deputy chair of Sunway Group on Jan 2 this year.

AME Real Estate Investment Trust (KL:AMEREIT), a 49.62%-owned unit of AME Elite Consortium Bhd (KL:AME), is planning to establish a sukuk wakalah programme with a value of up to RM1 billion.