News about ma

Magna Prima saw its share price jump to a three-year high of 76 sen last Thursday before declining on Friday.

Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.

On Thursday, Rapid Synergy Bhd replied to Bursa's query about the steep drop in its share price, saying its management is currently considering proposals to sell certain landed properties of the company and its subsidiaries.

In a reply to the stock market regulator's unusual market activity (UMA) query, Magna Prima said the company and its subsidiaries have been continuously on the lookout for opportunities to strengthen its financial position.

In response to Bursa's query on Thursday, industrial mould manufacturer Rapid Synergy said its management is currently considering proposals to sell certain landed properties of the company and its subsidiaries.

The revision was to provide for "the 50% schematic design report to be a planning phase milestone", and to defer the date for the delivery phase approval.

In a report on Friday, Japanese agency Kyodo News, citing sources, said the companies, including East Japan Railway Co, had hoped to utilise Japan's Shinkansen bullet train system in the project but they have decided it will be too risky without the Malaysian government's financial support.

Knight Frank Malaysia senior executive director of research and consultancy Judy Ong: Despite the inflationary pressures and elevated OPR (overnight policy rate), the residential property market appears to be moving in a positive direction, marked by increased sales volume, new property launches and successful completions.

“People in the Klang Valley are becoming more receptive to high-rise living due to land scarcity and affordability.

M Terra is a transit environment district providing affordable homes with an indicative starting price of RM250,000.