News by M

RHB Investment Bank (RHB IB) has maintained its “overweight” rating on the property sector and said it expects the sector to continue to be driven by: i) positive news flow on potential infrastructure projects; ii) active land transactions and iii) influx of investments, especially in the data centre, green energy and manufacturing sectors.

Gamuda Land, the property arm of Gamuda Bhd, signed a memorandum of agreement on April 6 with Kiddypedia, an educational event company, to introduce Kiddypedia Discovery Centres at the developer's townships, namely Gamuda Gardens in Rawang and twentyfive7 in Telok Panglima Garang, according to a press statement on Friday.

Traditionally, condominium units have been synonymous with spacious family homes. However, there has been a noticeable shift towards smaller living spaces in Kuala Lumpur and Selangor.

Kuala Lumpur edged up 16 notches to 73rd out of 142 cities in the world on the latest 2024 Smart City Index (SCI) by the Institute for Management Development's (IMD) Smart City Observatory. KL was ranked 89th last year.

Noteworthy:

• Built-up size: 4,700 sq ft
• Land size: 3,700 sq ft
• 6 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: Semantan and Pusat Bandar Damansara MRT stations, The Five @ KPD, Damansara City Mall, Pavilion Damansara Heights, Pusat Sains Negara, HELP University, Plaza Damansara, F&B outlets, schools, offices
• Accessibility: SPRINT Damansara and Kerinchi link, Federal Highway, NPE, North-South Expressway, Jalan Tuanku Abdul Halim

When: March 2024

Noteworthy:

• Freehold
• Built-up size: 3,500 sq ft
• Land size: 1,920 sq ft
• Unfurnished
• Nearby amenities: variety of residential developments, various small businesses, Denai Alam Recreational Park, Elmina Central Park, Denai Alam Recreational and Riding Club,Thomson Hospital Kota Damansara, E Boulevard, Denai Alam (T772) bus stop, HELP University, Kwasa Sentral MRT station
• Accessibility: DASH, Guthrie Corridor Expressway (GCE), NKVE and ELITE via GCE

When: February 2024

Eden Inc announced that Leong had acquired 35.21 million shares through private placement.

Additionally, the group's cash reserves are low for both entities, with the group's bank overdraft exceeding its credit limit, and a significant portion of the group's inventory is encumbered by a private caveat, complicating its disposal.

“The rating action reflects MARC Ratings’ heightened concerns on YNH’s continued weak financial position, the lack of meaningful earnings visibility, and the protracted delays in asset disposals.”

“We expect the rising momentum to steer the stock to trend higher and test the next level of resistance of 67.5 sen (R1), followed by 74 sen (R2)."