The research house said developers with sizeable landbanks and industrial segment exposure should see greater benefit from infrastructure developments and rising investment flows.
The research house said that riding above the rising 21-day simple moving average line, the stock is likely to climb higher towards RM1.
UEM Sunrise aims to integrate Sports, Wellness, and Hospitality components in its masterplan to keep pace with the global trends and stimulate growth within its developments through an enhanced product proposition – creation of Urban Healthy Hubs.
He has held various leadership roles, including serving as the group CEO of seven companies within the PNB group, throughout his 18 years with PNB.
UEM Sunrise declared a dividend of 0.
The group said the issuance was undertaken in three tranches: RM200 million first tranche with a five-year tenure maturing on Feb 12, 2029; RM100 million second tranche with a seven-year tenure maturing on Feb 14, 2031; and RM200 million third tranche with a 10-year tenure maturing on Feb 14, 2034.
Senadi Hills Phase 2B consists of 91 double-storey terrace homes with typical lot size of 22’ x 70’ and built-up of 2,222 sq ft.
The Alliance Home Complete programme offers an additional loan of up to 10% of the property value or a maximum of RM150,000 to buyers of participating UEM Sunrise projects.
In a sector update on Friday, the research house said that if the government decides to proceed with the Johor Light Rail Transit (LRT) and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, it could boost demand for residential, commercial and industrial properties in Iskandar Malaysia in the coming years, leading to an increase in prices for strategically located parcels of land.
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