CapitaLand Malaysia Trust surges to near four-year high after strong 1Q
So far this year, CLMT has gained 17%, sharply outperforming its peers, buoyed by potential earnings contributions from its newly-acquired industrial properties.
So far this year, CLMT has gained 17%, sharply outperforming its peers, buoyed by potential earnings contributions from its newly-acquired industrial properties.
The proposed diversification is expected to boost the group’s net profit by about 25%, aligning with its long-term strategy to pursue more engineering, procurement, construction and commissioning (EPCC) projects beyond telecommunications network projects, the group said in an exchange filing.
Menteri Besar Datuk Onn Hafiz Ghazi: “Besides, Johor Bahru also requires various public transportation options to facilitate the smooth movement of the public in and out of the city.
"We are aware of the various problems with the old building, hence RAC offered to relocate without rent, free of charge.
“This partnership aims to create a robust infrastructure that supports its long-term vision for the region’s growth and development while incorporating sustainable elements within an ESG framework.
Based on Napic’s Property Market Report 2023 released on Wednesday, the occupancy rate of shopping complex retail space in 2023 rose to 77.
Value of overhang residential units also declined 4% to RM17.
The sale price of RM34 million is RM15.
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.