Phase 2B of Senadi Hills’ non Bumiputera units were sold out shortly after its launch on Dec 18, 2023, while 86% of the balance Bumiputera lots were registered for.

AmInvestment Bank Research expects YTL Hospitality REIT’s recent acquisition of Syeun Hotel in Ipoh to contribute a minimum net property income (NPI) of RM3.4 million to the group — representing only 1% of YTL REIT’s FY2024F NPI — based on a property yield of 6.1%, derived from the average property yield of its Malaysian assets.

Analysts tracking KLCCP Stapled Group anticipate a stable earnings trajectory for the group amid sustained robust tourist activities as well as a steady performance from the facilities management and office segments’ divisions.

LFE Corp Bhd has secured a RM10.97 million contract from Puncakcity Development Sdn Bhd (PDSB) for earthworks and related works.

Econpile Holdings Bhd has secured a RM30 million contract to undertake substructure works for a 15-storey office building in Shah Alam.

KLCCP Stapled Group’s net profit rose 37.6% to RM384.59 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM279.47 million a year ago, primarily contributed by improvement in the hotel and retail segments, while the office segment remained stable.

An arbitral tribunal has awarded a unit of FGV Holdings Bhd RM12.64 million in the plantation group’s contract dispute with construction company Multazam Development Sdn Bhd concerning the latter’s termination from an estate workers housing project.

YTL Hospitality REIT (YTL REIT) is acquiring Syeun Hotel in Ipoh, Perak, for RM55 million cash, as it looks to continuously acquire and invest in high-quality hospitality properties in Malaysia and internationally, with a view to providing long-term and sustainable income distribution to unitholders and achieving long-term growth in net asset value per unit.

Noteworthy:

• Built-up size: 4,200 sq ft
• Land size: 6,000 sq ft
• Freehold
• 7 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Ara Damansara LRT station, Saujana Golf & Country Club, CITTA Mall, Paradigm Mall
• Accessibility: Federal Highway, DASH, NSE, Subang-Kelana Jaya Link, Sungai Buloh Highway, KESAS

When: October 2023

Shares of Suria Capital Holdings Bhd inched higher to RM2.15 in the afternoon trading session on Wednesday after the Sabah ports operator signed two shareholders' agreements with BEDI Development Sdn Bhd to establish two joint venture (JV) companies for the development of prime land within the Kota Kinabalu Port area.