Kimlun bags RM134m contract from Sunway unit to build houses in JB
Kimlun Corp Bhd has secured a construction project in Johor Bahru, worth RM133.6 million, from Sunway Parkview Sdn Bhd, the 60%-owned subsidiary of Sunway Bhd.
Analysts expect forward earnings growth for CLMT
Analysts expect forward earnings growth on CapitaLand Malaysia Trust (CLMT) to be mainly backed by positive rental reversions and stable occupancy rates.
GDB clinches RM306m hospital project in Bukit Jalil
Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur.
Daim-linked Avillion shares rise to six-month high on assuring business as usual
Avillion Bhd shares rose to a six-month high of seven sen in Wednesday morning trade, after the integrated travel, hotel and property group assured that it is business as usual for the company despite being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC).
Sunway REIT 4Q net property income falls 7%, declares 4.68 sen DPU
Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM146.2 million in the previous year’s corresponding quarter.
SCIB defends land purchase without valuation as still ‘fair and reasonable’
Sarawak Consolidated Industries Bhd (SCIB) deems the RM21.62 million cash it plans to fork out for five leasehold plots in Demak Laut Industrial Park in Kuching, Sarawak, as “fair and reasonable”, after taking into account the prices of comparable properties in the same location.
Daim-linked Avillion says business as usual
After falling into the limelight due to being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC), Avillion Bhd has assured that it is business as usual for the company.
CapitaLand Malaysia Trust pays 2.24 sen DPU as 4Q net property income jumps 54.4%
CapitaLand Malaysia Trust (CLMT) reported a 54.4% jump in its net property income (NPI) for the fourth quarter of its 2023 financial year (4QFY2023) to RM63.02 million from RM40.8 million in the corresponding quarter in FY2022, as it reported stronger revenue.
Service tax hike and high value tax implementation to weigh on consumers’ sentiment, says CLMT
The imminent service tax hike and the implementation of luxury goods tax this year could weigh on consumers’ sentiment, but the impact is yet to be seen for CapitaLand Malaysia Trust (CLMT), said the trust’s chief executive officer Tan Choon Siang.
IGB REIT, IGB Commercial REIT net property income up in 4Q on higher rental income, increased occupancy
Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) by 9.08% to RM115.24 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM105.64 million recorded in the same period a year earlier.
