Kenanga Research maintained its “neutral” call on the real estate investment trust (REIT) sector due to subdued consumer sentiment, dragged by inflation and the implementation of targeted fuel subsidies possibly undermining spending capacity.

Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment.

Central Global Bhd’s (CGB) wholly-owned unit Proventus Bina Sdn Bhd has commenced a legal suit against Tang Kae Shih for outstanding payments related to a residential apartment contract in Penang worth RM42.24 million.

Noteworthy:

• Leasehold
• Built-up size: 1,999 sq ft
• Land size: 1,672 sq ft
• 4 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, schools, Bangi Gateway Shopping Complex, IOI City Mall, KIP Mall, UKM Commuter Station
• Accessibility: Kajang-Seremban highway, SILK highway

When: June 2023

The Exchange TRX's retail component in the Tun Razak Exchange, Kuala Lumpur is set to open its doors on Nov 29, according to a Lendlease press release on Wednesday.

Young People’s Lab (YPLab) 2023, an intervention workshop program that created a platform for the youth to express their ideas on what makes a sustainable and resilient city, came to an end on Sunday (Sept 17) at the Pitch Day event held at the PAM Centre with a winning team that wowed the judges.

Eco World International Bhd has recorded a lower loss before tax of RM10.11 million in 3Q2023 compared to LBT of RM55.45 million in 3Q2022, it announced to day.

After a gruelling three weeks, the Young People’s Lab (YPLab) 2023 finally crowned The Visionaries as its winning team, who will get to showcase their ideas at the International World Class Sustainable Cities (WCSC) Conference this month.

Integrated construction and property firm PTT Synergy Group Bhd (PTTS) has diversified into the warehouse leasing business as it seeks alternative sources of revenue from recurring income properties.

Global packaging manufacturer and property developer Scientex Bhd posted a strong finish to its financial year ended July 31, 2023 (FY2023), thanks to better performance from its property division for the year.