WCT Holdings Bhd (KL:WCT) has proposed to dispose of three retail properties for RM2.44 billion to a newly established real estate investment trust (REIT) named Paradigm REIT, which will be listed on the Main Market of Bursa Malaysia.

Glomac Bhd's (KL:GLOMAC) net profit rose 79.04% to RM7.28 million for its first quarter ended July 31, 2024 (1QFY2025), from RM4.06 million a year ago, driven by higher revenue and improved profit margins from better margin projects.

Precast concrete product maker Sarawak Consolidated Industries Bhd (KL:SCIB) said it is buying a vacant leasehold land measuring 2.49 hectares in Bintulu to undertake a housing project.

Kimlun Corp Bhd (KL:KIMLUN) has secured a RM128.13 million contract to build a residential development in Johor Bahru, the fifth contract win it has announced this year.

Noteworthy:

• Freehold
• Built-up size: 2,500 sq ft
• Land size: 2,496 sq ft
• 3 bedrooms, 3 bathrooms
• Unfurnished
• Nearby amenities: Royal Selangor Polo Club, Taman Tasik Ampang Hilir, Royal Selangor Golf Club, LRT Ampang, Pavilion KL, Petronas Twin Towers, Gleneagles Hospital KL, ISKL
• Accessibility: AKLEH, MRR2, MEX, Setiawangsa-Pantai Expressway, SUKE, Jalan Ampang

When: February 2024

EcoWorld International Bhd achieved RM501 million sales exchanges plus reserves of RM48 million adding up to a total of RM549 million in 10 months of FY2024.

A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.

Noteworthy:

• Leasehold
• Built-up size: 1,200 sq ft
• 3 bedrooms, 2 bathrooms
• Floor level: Low
• Semi-furnished
• Nearby amenities: TERKL, KLCC Park, Perdana Botanical Gardens, Pavilion KL, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Dataran Merdeka, Central Market
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH, Jalan Ampang, Jalan Tun Razak

When: July 2024

Ahmad started helming the Alliance Bank group as chairman on Feb 1, 2017. 

Of this total, 306.07MW, or 87.45%, has been approved for projects.