News by Myia S Nair

IOI Properties Group Bhd (KL:IOIPG) is going to launch its IOI Industrial Park at Banting, Selangor by the second quarter of next year and is planning another one in Melaka that is expected to be launched two quarters later.

Binastra Corp Bhd (KL:BNASTRA) has secured a project worth RM574.4 million from Exsim Jalil Link Sdn Bhd for a proposed development of a data centre. 

RHB Research has upgraded the basic construction materials sector to 'overweight' from 'neutral', amid a positive outlook on aluminium and cement companies under its coverage.

The earnings prospect for real estate investment trusts (REITs) in the second half of this year is expected to remain positive, due to the bright outlook for the retail industry and industrial segment in Malaysia, according to MIDF in a note on Friday.

Implemented in over three dozen countries to date, carbon tax is a type of levy based on the emissions of environmentally polluting gasses from consumption of fossil fuels such as coal and diesel.

“It is important to achieve the investment of RM300 billion [by 2030], so that we can get to net zero by 2050."

Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term.

Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income.

Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.

MUI Properties Bhd (KL:MUIPROP) said it is not aware of any corporate development that caused the unusual market activity (UMA) in its shares, which climbed to a near four-year high on Monday.