RHB IB raises Sentral REIT earnings forecast by 11% following Menara CelcomDigi acquisition
In a note on Wednesday, RHB IB stated that Sentral REIT’s net profit for the fourth quarter of 2023 (4Q2023) came in at RM19.
In a note on Wednesday, RHB IB stated that Sentral REIT’s net profit for the fourth quarter of 2023 (4Q2023) came in at RM19.
Sentral REIT had on July 25 struck a deal with MRCB’s wholly-owned unit Puncak Wangi Sdn Bhd to acquire Menara CelcomDigi, a 27-storey office building.
This collaboration paves the way for I-Bhd to launch its latest five-dimensional edutainment facility with the latest immersive technology in i-City by December.
PIVB recommended to non-interested shareholders of MRCB to vote in favour of the resolution pertaining to the proposed acquisition at the extraordinary general meeting on Oct 24.
“We will explore various opportunities, from enabling connected assets to developing a robust and integrated infrastructure ecosystem.
The analysts made their forecast after the REIT posted a net property income of RM29.
Sentral REIT said the acquisition of the building from MRCB’s wholly-owned subsidiary Puncak Wangi Sdn Bhd, will be satisfied with cash raised through a combination of equity and debt funding exercises.
Sentral REIT said its management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent issued by MRCB to commence negotiations for the proposed acquisition.
KUALA LUMPUR (March 16): Prime Minister Tan Sri Muhyiddin Yassin has announced the members of the Economic Action Council (EAC) following the council’s inaugural meeting today, comprising government officials and prominent private sector figures.
KUALA LUMPUR (March 16): All Celcom Axiata Bhd employees with non-critical operation roles will work from home starting tomorrow.