RHB Investment Bank research has maintained its “neutral” rating on UOA Development Bhd (UOAD) at RM1.58 with a lower target price (TP) of RM1.71 (from RM1.86) and said the developer’s launches are going as planned and UOA Development’s new F&B business should complement its property projects.

Rakuten Trade has rated SkyWorld Development Bhd a “buy” at 80 sen with a target price (TP) of 96 sen based on the average PER of 8x and P/BV 0.8x.

Property developer SkyWorld Development Bhd made a flat debut on Main Market of Bursa Malaysia on Monday (July 10) with an unchanged open price from its initial public offering (IPO) price of 80 sen.

Formerly known as MCT Bhd, the company has rebranded itself as Avaland Bhd after unveiling its new corporate image last night. 

The Malaysian Institute of Architects (PAM) has urged local governments to adopt a more sustainable approach towards urban development and prioritise the preservation and planting of new urban street trees, according to a statement on Friday (July 7).

RHB Research maintained its Overnight Policy Rate (OPR) forecast at 3.25%, in contrast with most other economists who see Bank Negara Malaysia holding on to the 3% key borrowing rate until the end of the year.

Gamuda Bhd and VTAR Institute (VTAR) have signed a memorandum of understanding (MOU) to launch a new technical and vocational education and training (TVET) course for next-generation (next-gen) Digital Industrialised Building System (Digital IBS).

As Bank Negara Malaysia’s decision to hold the overnight policy rate at 3% came in line with consensus expectations, most economists see the central bank keeping its monetary policy stance on hold until the end of the year.

Landmarks Bhd said its wholly owned Andaman Resorts Sdn Bhd (ARSB), which in March defaulted on its financing facilities totalling RM133.37 million from OCBC Bank (Malaysia) Bhd, has been placed under receivership.

Aneka Jaringan Holdings Bhd’s unit bagged a RM22.16 million contract from Coneff Corporation Sdn Bhd to build over 1,000 units of Rumah Wilayah Keluarga Malaysia in Sungei Besi, Kuala Lumpur.