News by JUSTIN LIM

Sunway Real Estate Investment Trust (KL:SUNREIT) posted a marginal 0.36% fall in net property income (NPI) to RM164.96 million for the fourth quarter compared with RM165.55 million a year earlier.

GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, said its net profit fell 9.48% to RM6.67 million in the second quarter ended Dec 31, 2025 (2QFY2026) from RM7.36 million a year earlier, despite revenue climbing to a more than three-year high. 

CapitaLand Malaysia Trust (KL:CLMT) is eyeing acquisitions in Penang, Johor and the Klang Valley to expand its industrial and logistics segment, as it works towards a 20% assets under management (AUM) mix by 2028.

Country View Bhd (KL:CVIEW) more than doubled its dividend payout for the fourth quarter of the financial year ended Nov 30, 2025 (4QFY2025) after net profit rose 79.37% year-on-year on higher revenue.

EcoFirst Consolidated Bhd (KL:ECOFIRS) has reported a 28.5% year-on-year decline in second-quarter net profit, due to lower contributions from its businesses.

Shares of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) ended Tuesday on a mixed note as investors weighed Sunway's proposed RM11 billion cash-and-share takeover of IJM against the group’s upcoming healthcare listing.

Sunway Bhd (KL:SUNWAY) plans to acquire rival company IJM Corporation Bhd (KL:IJM) in a cash-and-share deal worth over RM11 billion.

Selangor’s 30% local content rule, after Johor’s tighter rules, will result in fewer but bigger and more valuable data centre projects, said BIMB Securities Research.

The meeting was intended to seek unitholder approval for the proposed acquisition of three UOA Business Park assets, and the establishment of an income distribution reinvestment plan.

The project commenced on Dec 16 and it will be completed within 24 months.