News by CIMB Research

Group has accepted two letters of offer to acquire industrial facilities in Johor and Negeri Sembilan for RM50 million and RM19 million respectively.

CIMB Research initiates coverage with add recommendation and a target price of RM1.43.

Gamuda has revised up its FY17/18 property presales target by nearly 50% to RM3.5 billion, after exceeding RM1 billion in sales for its Vietnam projects, namely Gamuda City and Celadon City.
 

CIMB Research maintains "hold" on EcoWorld.

This could lead to a potential upside to its current outstanding order book of RM8.7 billion. We believe IJM is one of the earlier beneficiaries of the rail theme in 2017/18.

1HFY17 office revenue dipped 0.3% y-o-y as 40% of the net lettable area (NLA) of Menara Exxon-Mobil was unoccupied in February and March 2017.

Excluding a fair value gain on investment properties, Sunway REIT's FY17 core net profit came in at RM272.4 million.

At least 30% of the contract value will be awarded to Malaysian contractors.

Over the coming months, LRT3’s award phase is likely to be accelerated as ground works on the project are expected to be in full swing from 2018.

Axis REIT also proposed the acquisition of two plots of leasehold land totalling 126.6 acres (51.23ha) in Gebeng, Pahang, for a total cash consideration of RM155 million.