Ikhmas Jaya surges 17.14% after unit lands jobs worth RM257.72m
KUALA LUMPUR (April 10): Ikhmas Jaya Group Bhd shares surged 17.
Ikhmas Jaya bags 2 construction jobs worth RM258m
KUALA LUMPUR (April 10): Ikhmas Jaya Group Bhd announced yesterday it has secured two construction projects with a combined value of RM257.
Symphony Life plans to raise up to RM146m via rights issue
KUALA LUMPUR (April 9): Symphony Life Bhd (SymLife) has proposed to undertake a one-for-one rights issue to raise up to RM146.
KL luxury home values drop 0.7% in PIRI 100 for 2017
KUALA LUMPUR (April 5): Political uncertainties and a subdued market have caused luxury home values to dip by 0.
Construction sector’s contract outlook still robust
Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.
Latest Ampang land buy seen as good deal for Titijaya
Titijaya Land Bhd (March 29, 53 sen) Maintain buy with an unchanged fair value of 95 sen: Titijaya Land Bhd has proposed to subscribe to a 99% equity interest in BJ Properties Sdn Bhd for RM9.
Malaysia tops Airbnb guest arrival growth in Asia
PETALING JAYA (March 30): Malaysia has set the highest growth rate of all Airbnb markets in Asia with a 137% y-o-y growth in 2017 to hit 1.
Titijaya buys firm that owns Ampang land, plans RM1.5b mixed project
KUALA LUMPUR (March 28): Titijaya Land Bhd is buying shares of a loss-making privately-owned property company that owns a 27,550 sq m piece of land in Ampang here, for RM9.
Stakeholders must collaborate to reduce severe imbalances in the retail, office segments
PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.
KL office market continues to struggle with oversupply but co-working space demand rising
PETALING JAYA (March 26): A stronger performing economy has not helped the Kuala Lumpur office property sector as it continues to struggle with an oversupply of new buildings amidst subdued leasing activities, said global consultancy firm Knight Frank.
