CapitaLand Malaysia Trust raises RM250 mil from placement of new units
CapitaLand Malaysia Trust (KL:CLMT) said on Wednesday it has raised about RM250 million from a private sale of new units.
Shopping mall operators renew call to address rising cost concerns and SST expansion in Budget 2026
The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators nationwide, has renewed its call to the government to address escalating operational costs and the expansion of the sales and service tax (SST) in the upcoming Budget 2026.
REITs see sentiment boost from OPR cut, but valuations already reflected move—analysts
Bank Negara Malaysia's (BNM) overnight policy rate cut may improve sector sentiment, but its impact on real estate investment trusts (REITs) is expected to be limited, with only modest borrowing cost reductions, as market valuations have largely priced in the move.
Gamuda hits six-month high after RE contract win in Tasmania, analysts reiterate 'buy'
Gamuda Bhd (KL:GAMUDA) climbed to its highest in nearly six months on Tuesday after the group announced it had secured a renewable energy (RE) project in Tasmania, Australia. Its share price rose 18 sen or 3.76% to RM4.97, valuing the company at RM28.68 billion.
Prasarana names new chairman and acting group CEO
Prasarana group chief operating officer Amir Hamdan will take over as acting president and group CEO from July 15, 2025.
Gamuda to see strong 3Q earnings on better progress of projects—RHB
RHB Investment Bank estimated Gamuda Bhd's (KL:GAMUDA) core net profit could rise to between RM230 million and RM250 million for the third quarter ended April 30, 2025 (3QFY2025), the research house said in an earnings preview note.
REITs may see tougher second half as new tax pressures tenants, landlords—CIMB Securities
The expanded SST may raise tenants’ operating costs and limit REITs' rental reversion, said CIMB Securities.
Encorp names Ahmad Harzimi as new group CEO
Property development company Encorp Bhd (KL:ENCORP), an indirect subsidiary of the Federal Land Development Authority (Felda), has appointed Ahmad Harzimi Mohd Taib as its new group CEO, with immediate effect.
Paramount Corp 1Q net profit surges 87% on higher property sales
Property developer Paramount Corp Bhd's (KL:PARAMON) net profit surged 87.2% to RM14.4 million in the first quarter ended March 31, 2025 (1QFY2025) from RM7.71 million a year earlier, primarily driven by the improvement in the property segment.
Bank Pembangunan to provide RM33.9m for Lundu Resort Phase 2 development in Sarawak
Bank Pembangunan Malaysia (BPMB) is providing RM33.87 million in financing to Pangolin Resort for the second phase of Lundu Beach Resort in Sarawak, which will include a 72-room hotel, 28 villas, a banquet hall and dining facilities.
