YTL Hospitality REIT’s acquisition of Syeun Hotel to boost NPI by 1% — AmInvestment
In a note on Thursday, the research house maintained its "buy" call on the REIT following its acquisition, with a higher fair value (FV) of RM1.
Analysts keep call intact for KLCCP Stapled Group on earnings prospect; yield targets from 5.5%
In a note, Kenanga Investment Bank Bhd said it is optimistic about KLCCP's prospects in the upcoming quarters, bolstered by the office division's robust 100% occupancy rate as of end-December 2023, increase in hotel operation’s occupancy ratio from 52% to 55%, and improved performance in the management services due to the rise in transient and season car park customers.
LFE's wholly owned subsidiary secures RM11 mil earthworks contract from PDSB
The contract, effective immediately, is slated for an eight- month duration with a completion date set for Oct 6, 2024.
Econpile bags contract for RM30m substructure works in Shah Alam
In a filing with Bursa Malaysia on Wednesday, the construction company said the contract, awarded by Chingsan Development Sdn Bhd, is expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2024 onwards.
KLCCP Stapled Group posts 38% jump in 4Q profit, declares highest yearly dividend since listing in 2013
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — saw quarterly revenue grow 7.
FGV unit wins RM12.6 mil in estate workers housing project dispute with contractor
“The final award has no operational or financial implications for the respondent, and if the amounts awarded to the respondent (FGV Plantations) thereunder are recovered from the claimant (Multazam), such amounts received may be expected to contribute positively to [FGV Plantations’] earnings,” FGV noted in a bourse filing on Wednesday.
YTL Hospitality REIT acquires Syeun Hotel in Ipoh for RM55m cash
YTL REIT boasts a total of 10 hotel properties in Malaysia, including hotel chains such as JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur and The Ritz Carlton Hotel Kuala Lumpur.
DONE DEAL: Semidee house, Saujana Resort, Shah Alam, Selangor
DONE DEAL: Shophouse, Bukit Gasing, Petaling Jaya, Selangor Shah Alam has a similar structure to fellow cities, Petaling Jaya and Subang Jaya, with its scattering of commercial districts amongst residential areas.
Suria Capital inches up after inking deal for RM4.2b mixed commercial project in Kota Kinabalu
In a filing to Bursa Malaysia on Tuesday, Suria Capital announced its collaboration with BEDI Development, a 75%-owned unit of EXSIM Development Sdn Bhd, to develop two parcels of land measuring approximately 14.
Tropicana teams up with Vitahealth, Hazukido to bring Lunar New Year joy to old folks and children
The participating homes were 1.
