Kenanga Research downgrades sector call on REITs to ‘neutral’
Kenanga Research has downgraded its sector call on real estate investment trusts (REITs) to “neutral” from “overweight”.
Builders, developers first beneficiaries of Johor-Singapore Special Economic Zone, analysts say
Construction and property firms would be the first beneficiaries of the Johor-Singapore Special Economic Zone (JS-SEZ) that will require everything from utilities to warehouses, and from houses to offices.
Sunway REIT completes Kluang Mall acquisition
Sunway Real Estate Investment Trust (KL:SUNREIT) said on Thursday that it has completed the acquisition of Kluang Mall in Johor for RM158 million.
UOA REIT's income to rebound further in 4Q on better occupancy — AmInvest
AmInvestment Bank expects UOA Real Estate Investment Trust (KL:UOAREIT) to post a 14.3% quarter-on-quarter increase in its distributional income, on slightly higher gross rental income and lower property operating expenses.
Analysts remain optimistic on Gamuda amid robust order book growth
Gamuda's subsidiary DT Infrastructure Pty Ltd recently secured a RM1.8 billion contract from Lightsource bp Renewable Energy Investments Ltd for the Goulburn River Solar Farm in New South Wales, Australia.
Matrix Concepts proposes one-for-two bonus issue
Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has proposed a bonus issue of 625.67 million shares on the basis of one new share for every two shares held.
Analysts positive on IJM Corp's investment in JRL as it paves way to UK construction jobs
With JRL having a substantial order book of £1.5 billion (RM8.5 billion), and expertise in rail-adjacent and over-railway development, the acquisition is expected to bolster IJM’s foothold in the UK and contribute to the diversification of its revenue streams.
Binastra bags RM256.45 mil M&E job for Exsim's data centre in Bukit Jalil
Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract worth RM256.45 million for mechanical and electrical (M&E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur.
Trive Property proposes RM85 mil share capital reduction
This step, according to a bourse filing on Monday, is intended to enhance the credibility of the group with its bankers, investors, customers, and other stakeholders.
Rafizi: 13MP will have policies to shift Malaysia from just hosting data centres to exporting such infrastructure
Malaysia should shift from merely hosting data centres to becoming a global leader in the design, manufacturing, and export of data centre infrastructure, said Minister of Economy Rafizi Ramli.
