Apex Securities Bhd has initiated coverage on Matrix Concepts Holdings Bhd with a “buy” rating at RM1.82 and target price of RM2.14, based on a discount rate of 20% to the research house's revalued net asset value (RNAV).

Crescendo Corp Bhd has announced the disposal of a piece of vacant freehold land measuring 1.1 million sq ft in Pulai, Johor for RM132.47 million, or RM120 per sq ft.

Shares in Gamuda surged to a new all-time high on Thursday, as CIMB Securities flagged the company’s potential to secure another two data centre projects, including the AIMS Cyberjaya Block 3.

Hong Leong Investment Bank (HLIB) has maintained its “overweight” rating on the construction sector and said first quarter of 2024 (1Q2024) domestic contract awards totalled RM6.96 billion, which is up 45% quarter on quarter (q-o-q) but down 3% year-on-year (y-o-y).

RHB Retail Research said Bina Darulaman Bhd is poised to resume its uptrend after Wednesday’s retreat from the recent breakout — maintaining above the rising 21-day simple moving average (SMA) line.

Noteworthy:

• Freehold
• Built-up size: 7,000 sq ft
• Land size: 11,000 sq ft
• Unfurnished
• 5 bedrooms, 4 bathrooms
• Nearby amenities: Taman Midah MRT station, Taman Tasik Permaisuri, schools, various small businesses and F&B outlets, International Youth Center, Hospital Canselor Tuanku Muhriz UKM, Pantai Hospital Cheras, EkoCheras Mall
• Accessibility: MRR2, Jalan Cheras, CKE, SALAK, SUKE

When: December 2023

Gamuda Land, the property arm of Gamuda Bhd, has signed a memorandum of understanding (MOU) with Samsung Malaysia Electronics Sdn Bhd to equip The Camellia’s show unit with Samsung’s Bespoke AI home appliances. With this, Gamuda Land homebuyers would have the option to integrate their homes with Bespoke AI home appliances.

Boutique property developer Trinity Group Sdn Bhd has topped out the wellness-centric condominium Trinity Wellnessa in Beverly Heights, Ampang North with a take-up rate of 99%.

Kumpulan Kitacon Bhd's wholly owned subsidiary, Kitacon Sdn Bhd has secured a contract worth RM80.98 million for a housing development project in Shah Alam, Selangor.

Malaysia was the second most popular Southeast Asian country among residential buyers from China in 2023, driven by the country's convenient location, economic stability, international education sector, and growing property market, according to real estate and investment advisory firm IQI Global.