RHB Investment in a note on Friday (June 9) said that about 88% of Gamuda’s outstanding order book is from overseas, thus warranting its upgrade, implying a 20% upside and circa 3% FY2024 (Jul) yield.
With a gross development value of RM11 billion and spanning over 26.
The group — comprising KLCCP and KLCC REIT — saw quarterly revenue grow 18.
IOI Properties said the property development segment achieved sales with contracts exchanged at RM1.
The Kapar land acquisition is in line with Sime Darby Property’s SHIFT25 strategy, which aims to transform the company from a pure play property developer into a real estate company by broadening and diversifying its income streams.
In a bourse filing, the construction outfit said its wholly-owned subsidiary Pesona Metro Sdn Bhd accepted the letter of award from KL Wellness City (H) Sdn Bhd.
The KVDT2 project involves the replacement of existing 25-year-old railway tracks, an electrification system and an upgrade and maintenance of the facilities involving two railway tracks from Salak South to Seremban, and from Simpang Port Klang to Port Klang.
In a filing on Wednesday (May 3), the group said Astino (Malaysia) Colour Steel Sheets Sdn Bhd had entered into a sale and purchase agreement with Bukit Saujana Jaya Sdn Bhd to acquire a freehold land known as Lot 12 held under HS (D) 165115, PT No 84452, Mukim Kapar, Klang.
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