AME Elite shares rise to new record high on Pulai land sale
The land was sold to Digital Hyperspace Malaysia Sdn Bhd (DHM) at a record RM138 per sq ft, marking AME Elite's first deal in the data centre segment.
The land was sold to Digital Hyperspace Malaysia Sdn Bhd (DHM) at a record RM138 per sq ft, marking AME Elite's first deal in the data centre segment.
The lands are all located in I-TechValley within Phase 3 of the Southern Industrial and Logistics Clusters (SILC) in Iskandar Puteri.
Shares of AME Elite were last traded at RM1.
During the quarter, AME REIT registered RM12.
As part of the bigger Gamuda Cove township development located in Kuala Langat, Selangor, the 25.
In a note on Thursday, the research house said AME Elite's stronger earnings were driven by higher contributions from its property development, engineering, and property investment segments.
With the additional rental from the three newly-acquired industrial properties, the industrial REIT’s net property income (NPI) grew 14.
“This proposed acquisition brings excitement to the group as it enables us to tap into ETA World’s expertise in the construction and property development of industrial properties, enabling the enlarged group to take advantage and ride on the favourable prospects of the industrial property market.
“AME stands out in terms of its sole focus on industrial properties, which also offers a unique exposure to capture the ongoing inflow of foreign direct investment.
RHB said the potential addition of new land, especially in Johor, could be a share price catalyst as AME has been anchoring the industrial sector in Iskandar Malaysia.