News by Ishra Kamiso

Zhuhai CosMX Battery Co Ltd, a Chinese manufacturer of batteries, plans to build a manufacturing plant in Kedah involving investment of RM1 billion.

Solarvest Holdings Bhd (KL:SLVEST) and NCT Group of Companies have commenced phase one of their solar-ready industrial park project at the NCT Smart Industrial Park (NSIP) in Sepang.

The sukuk was issued out of Paramount’s unrated Islamic medium-term notes programme of up to RM1 billion based on the shariah principle of Wakalah Bi-Al Istithmar.

Analysts have expressed mixed views on IOI Properties Group Bhd’s (KL:IOIPG) acquisition of Tropicana Gardens Mall and its impact on the group’s gearing level.

RHB Investment Bank favours Kerjaya Prospek Group Bhd (KL:KERJAYA) for its attractive dividend yield of 5% estimated for the financial year ending Dec 31, 2025, alongside a steady profit after tax margin.

The partnership also includes the development of a 15MW floating solar farm spanning 37.5 acres (15.2 hectares) at IJM Rimbayu. 

RHB Investment Bank (RHB IB) maintained its “overweight” calls on the property, construction, technology, healthcare, transport, oil and gas (O&G), utilities and rubber products sectors.

MIDF Research and Public Investment Bank (PublicInvest) kept their 'neutral' stance on WCT Holdings Bhd (KL:WCT), after the group announced plans to unlock its assets through a real estate investment trust (REIT).

The number of tourists was also about 8% lower than the average in the same quarter before the Covid-19 pandemic, it noted.

This follows an announcement last week by the Ministry of Tourism, Arts and Culture (Motac) of an updated MM2H guideline.