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.
The Special Citation was presented to Hamdan Abdul Majeed by United Nations under-secretary-general and UN-Habitat executive director Datuk Seri Paduka Maimunah Mohd Sharif.
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 digital nomad-friendly Airbnb listings will be located in key tourism hotspots such as Kuala Lumpur, Johor Bahru, Penang and Langkawi.
Judicial Commissioner Choong Yeow Choy granted the ad-interim injunction as Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor’s lawyer Nurul Atiqah Badrul Hisham had informed the court that they needed time to file affidavits in reply and submission for the inter partes hearing (hearing involving both parties) of the injunction which was supposed to take place on Friday (Aug 25) morning.
Tan Sri Vincent Tan’s counsel Chuar Kia Lin confirmed with The Edge that the Shah Alam High Court allowed the ex-parte injunction application earlier on Thursday (Aug 17).
The analysts made their forecast after the REIT posted a net property income of RM29.