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Sitting on a 2.

The company noted the project is expected to contribute positively to its earnings and net assets for the financial years ending June 30, 2025 (FY2025) and onwards.

This is the fourth time that the MPC has decided to maintain the OPR at 3% since July 2023.

In a note on Wednesday, RHB IB stated that Sentral REIT’s net profit for the fourth quarter of 2023 (4Q2023) came in at RM19.

The improvement in gross revenue was also due to the impact of revenue straight-lining over the lease term under requirements of Malaysian Financial Reporting Standard 16 Leases, said Sentral REIT in a bourse filing.

YNH, however, did not reveal the indicative price range or materiality of the disposal, though Bursa had, in its request for more information issued on Jan 19, also asked for that, besides the indicative timeline to finalise the disposals, current stage of negotiation, and identity of the property or properties, including location and land size.

The industrial mould manufacturer said it signed an agreement on Tuesday to sell the land, measuring 4,716 sq m, to Exsim Putra Permai 45 Sdn Bhd.

GEM Residences also consists of 15 commercial units on the ground floor which are to be leased out.

"We have given the commitment to signing the supplementary concession agreement, so that they can plan to invest in their assets.

Loke said the supplementary concession agreement is seen as a win-win situation between ERL and users, where the best service can be provided by ERL without burdening the operation in terms of costs.