Mah Sing the latest to jump on data centre bandwagon
Among other public-listed companies that have announced their own data centre ventures include YTL Power International Bhd (KL: YTLPOWR) and Sime Darby Property Bhd (KL:SIMEPROP).
Among other public-listed companies that have announced their own data centre ventures include YTL Power International Bhd (KL: YTLPOWR) and Sime Darby Property Bhd (KL:SIMEPROP).
Kerjaya is joining a bandwagon of Malaysian builders, which include Gamuda Bhd and Sunway Construction Group Bhd seeking highly lucrative contracts to build data centres and other industrial projects.
Gamuda’s established regional presence, track record, and the current growth in DC investment position the group well for further opportunities, according to Hong Leong Investment Bank (HLIB) Research.
More than a dozen analysts covering the stock raised their target prices to also account for the stronger-than-expected results announced on Tuesday.
Gamuda edged up as much as 1.
JLL Malaysia logistics and industrial team member Derek Yap said warehouse absorption in Greater Kuala Lumpur remained robust last year, as demonstrated by the strong pre-commitment level from occupiers.
Crescendo, which is 70% controlled by the founding Gooi family, disclosed that the parcels of land were acquired in December 2009 for a total of RM15.
The two blocks of building in Jalan Jalil Perkasa 1 comprise a seven-storey data centre and a five-storey data centre, the group added in a bourse filing.
The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.
Communications and Digital Minister Fahmi Fadzil: “With Cyberjaya leading the way as a top choice for data centre investments in the country, Malaysia's tech industry is set for a bright future.