News by theedgemalaysia.com

CapitaLand Malaysia Trust (KL:CLMT) posted a 15.2% jump in its second quarter net property income from the same quarter a year ago, as most of the malls within its portfolio recorded higher revenue as a result of positive rental reversions and higher occupancies.

SC Estate Builder Bhd (KL:SCBUILD) is forming a consortium to bid for projects with a total capacity of 2,000 megawatts (MW) under the fifth large-scale solar programme (LSS5).

Petroliam Nasional Bhd (Petronas), which is seeking to establish a carbon capture and storage (CCS) hub in Pahang, has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd for the project.

Industrial space solutions provider AME Elite Consortium Bhd (KL:AME) plans to launch the 176-acre Northern TechValley industrial park in Penang, with a gross development value (GDV) of RM1 billion, in the second half of 2024 (2H2024).

Gamuda Land Bhd, the property arm of Gamuda Bhd (KL:GAMUDA), has unveiled a new home typology called the Park Homes — a first of its kind in Malaysia.

Analysts have expressed mixed views on IOI Properties Group Bhd’s (KL:IOIPG) acquisition of Tropicana Gardens Mall and its impact on the group’s gearing level.

Hong Leong Investment Bank (HLIB) Research has maintained its 'buy' rating for Axis REIT (KL:AXREIT) at RM1.87, with a lower target price of RM2.03 (from RM2.04), saying the real estate investment trust's quarterly core net profit of RM39.6 million, which was 1.1% lower quarter-on-quarter but 17.2% higher year-on-year, brought the sum to RM79.6 million for the first half ended June 30, 2024 (1HFY2024).

YTL Cement Bhd, a unit of conglomerate YTL Corp Bhd (KL:YTL), is planning to buy an 81.34% stake in Singapore-listed NSL Ltd for S$227.61 million (RM792.32 million) in cash, to expand its industrialised building systems (IBS) business.

Axis Real Estate Investment Trust's (KL:AXREIT) (Axis REIT) second quarter net property income (NPI) increased 12.86% to RM65.95 million from RM58.44 million a year ago, on the back of higher revenue.

Under the subcontract, Varia will supply labour, plants, materials, equipment, tools, transport, temporary works and ancillary needed to build a sewage treatment plant in Penang.