IJM Corp shares rise to over two-week high on RM561m contract wins
“We still see trading opportunities in the stock considering the potential for more contract wins and monetisation news flow.
“We still see trading opportunities in the stock considering the potential for more contract wins and monetisation news flow.
For context, IBTEC, which has a GDV of RM27 billion, is set to become a major circular city within the proposed Johor-Singapore Special Economic Zone in the southern region.
Paragon Globe said its wholly-owned subsidiary, PGB Desa Heights Sdn Bhd, inked a development rights agreement with Tropicana Danga Bay Sdn Bhd, a 60%-owned indirect unit of Tropicana Corp Bhd (KL:TROP).
The newly opened facility, which was completed in 2023, is twice the size of Insulet’s highly automated manufacturing facility in Acton, Massachusetts, which is where the company is headquartered.
“Major developers remain confident on the long term outlook with Johor continuing to be an important market.
Paragon Globe said its wholly-owned Paragon Business Hub Sdn Bhd (PBHSB) has inked a conditional sale and purchase agreement with Bridge Data Centres Malaysia, which is primarily involved in the provision of infrastructure for hosting, data processing services and related activities.
"Our Johor Bahru office underscores our commitment to growth and confidence in the Southern [Peninsular] Malaysia property market," said Nawawi Tie Leung Property Consultants managing director Eddy Wong.
The land is situated right next to the land area that Paragon Globe has been accumulating over the past few months.
In February this year, CLMT acquired three prime freehold ready-built factories in Nusajaya Tech Park in Iskandar Malaysia from Nusajaya Tech Park Sdn Bhd for a total RM27 million, marking the trust's entry into the industrial market, as it diversified its geographical footprint to Johor.
JCorp said it was capitalising on the growing data centre and renewable energy sectors in Johor, actively pursuing opportunities across the value chain through its subsidiary, JLand Group.