Ekovest sees positive full-year financial results after 3Q net loss narrows
The group did not declare any dividend for the quarter under review.
The group did not declare any dividend for the quarter under review.
According to AME Elite, the proposed acquisition, which is expected to be completed by the third quarter of this year, presents a strategic investment opportunity to increase its land bank.
In a note on Friday, the research house said AME missed its earlier set property sales target of RM350 million (actual: RM284 million) in FY2024 due to timing of conversion, instead of the demand factor.
S P Setia president and CEO Datuk Choong Kai Wai: “I’m confident our partnership with Ant Digital Technologies and JaGaSolution will open more doors for stakeholders to collaborate in the future and introduce the latest innovations.
The exchange has also asked the company to explain the unusual market activity following the sharp decline in its share price.
The construction outfit said the increase in revenue for the current quarter under review was mainly because progress of construction work activities has improved.
The acquisition, which is the REIT's largest acquisition since its listing on the Main Market of Bursa Malaysia in 2017, is scheduled to be completed by the first quarter of 2025.
Avaland chief executive officer Apollo Bello Tanco said the company looks to sustain its momentum built from last year.
The acquisition of the service centres, one in Seksyen 51A of Petaling Jaya and another in Batu Caves in Gombak, is expected to generate a starting gross yield of about 6.
On prospects for the quarters ahead, KLCC Stapled Group said Suria KLCC maintains a positive outlook despite heightened competition, while Mandarin Oriental is strategically positioned to leverage the favourable economic climate, strengthening its collaboration with KLCC precinct partners.