RHB Research raises estimated GDV for AME Elite’s industrial projects in Johor by 10-12%

RHB Small Cap Asean Research has maintained its “buy” rating on AME Elite Consortium Bhd at RM1.55 with a higher target price of RM2 (from RM1.82) and said the recent transacted industrial land price of RM120-125 psf indicates that there is an attractive upside to AME Elite’s remaining gross development value (GDV) for its industrial projects in Iskandar Malaysia.

UEM Sunrise disposes 46.9 ha of freehold parcels in Johor Bahru for a total consideration of RM146.1 mil

UEM Sunrise Bhd via three indirect wholly-owned subsidiaries, Nusajaya Rise Sdn Bhd (NRSB), Symphony Hills Sdn Bhd (SHSB) and Nusajaya Heights Sdn Bhd (NHSB) had today entered into eight sale and purchase agreements (SPAs) with PGB Landmark Sdn Bhd (PGB Landmark), a wholly-owned subsidiary of Paragon Globe Bhd (PGB), for the disposal of freehold lands measuring in aggregate approximately 46.9 ha for a total consideration of RM146.1 million.