UOB KayHian starts coverage on Lagenda Properties, target price RM2.05
UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.
DONE DEAL: One Menerung Condominium, Bukit Bandaraya, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 4,385 sq ft
- Unfurnished
- 5 bedrooms, 6 bathrooms
- Nearby amenities: Bangsar Shopping Centre, DC Mall, Pavilion Damansara Heights, Bangsar Village I & II, MRT Pusat Bandar Damansara, Bukit Bandaraya Public Park, Help University
- Accessibility: Sprint-Damansara and Kerinchi Link, LDP, Jalan Maarof, Jalan Johar, Jalan Damanlela, Jalan Tuanku Abdul Halim
When: February 2024
Sentral REIT's 1Q net property income rises 30% but finance costs weigh
Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30.29% increase in its net property income in the first quarter ended March 31, 2024 (1QFY2024) to RM38.15 million from RM29.28 million a year ago, on higher contribution from four of its key properties.
IJM Land’s Daffodil Residency achieves 55% take-up rate
IJM Land Bhd has achieved 55% take-up rate for serviced apartment Daffodil Residency since its launch on March 1, according to a press statement on May 7.
GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts
GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.
DONE DEAL: Shoplot, Alam Damai, Kuala Lumpur
Noteworthy:
- Leasehold
- Built-up size: 3,484 sq ft
- Land size: 1,776 sq ft
- Unfurnished
- 2 bathrooms
- Nearby amenities: Alam Damai Recreational Park, Bukit Besi Peak, UCSI University, National Defense University of Malaysia, MRT Taman Connaught, The Mines Resort & Golf Club, Selangor Turf Club, Australian International School Malaysia
- Accessibility: SUKE, MRR2, CKE, SALAK, Jalan Alam Damai, Jalan Cheras
When: March 2024
PHB to independently manage AHB funds, aims to quadruple fund size to RM20b
Presently, the funds under AHB are managed by Maybank AB while its sponsor is PHB and its trustee is AmanahRaya Trustees Bhd.
Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB
“The decision to actively participate in the KIGIP development is an important milestone for us as we venture into the natural adjacency of plantation companies.”
EPF initiates legal action against Ireka unit over unpaid contributions
The construction outfit said EPF is claiming a principal sum of RM50,196, representing total outstanding contribution from August 2023 to December 2023, along with dividends and late payment charges to be determined upon full settlement of the amount claimed.
TF Value-Mart sues GCH Retail to get it to vacate Giant Batu Caves premises
TF Value-Mart, which operates a chain of stores in its own namesake, said it was to take over the lease of the premises after GCG Retail vacates it.
