Airbnb activity added RM9.2b to Malaysia’s economy in 2024, study shows
Airbnb activity contributed RM9.2 billion to Malaysia’s gross domestic product (GDP) in 2024, equivalent to 5% of the tourism sector’s overall contribution.
Sentral REIT’s 2Q net property income slips 2.5%, declares income distribution of 3.16 sen
Sentral REIT’s (KL:SENTRAL) net property income slipped 2.5% in the the second quarter, mainly due to lower rental income from Menara Shell, coupled with accounting adjustments under the Malaysian Financial Reporting Standard 16.
Azam Jaya bags RM120.9m job to upgrade Sabah’s Tawau Airport
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
Sultan of Pahang raises stake in Citaglobal to 13.25% via off-market acquisition
The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, on Wednesday increased his stake in Citaglobal Bhd (KL:CITAGLB) through the off-market acquisition of a 3.52% stake.
Former chairman Farouk Abdullah ceases to be Magma's substantial shareholder
Magma Group Bhd's (KL:MAGMA) former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a stake trim.
MUI found a buyer for Corus Hotel KL, sources say
Malayan United Industries Bhd (KL:MUIIND), or MUI, will be sealing a deal to sell Corus Hotel Kuala Lumpur to a publicly-listed property developer, according to sources.
KIP REIT could offer above-average yield of 8%, Apex Securities says in initiating coverage
While shopping mall owners grapple with rising costs, KIP REIT (KL:KIPREIT) could stay resilient and offer an above-average distribution yield of 8%, according to Apex Securities.
Mah Sing opens RM1.5b M Grand Minori sales gallery; sees 90% take-up of Tower A
Mah Sing Group Bhd’s (KL:MAHSING) maiden project under its premium M Grand Series, M Grand Minori, recorded a 90% take-up rate for Phase 1 of Tower A during its launch weekend.
Focusing on Gamuda’s contract awards, CGS International jacks up target price to highest
With more jobs set to trickle in for Gamuda Bhd (KL:GAMUDA), investors should focus more on the wins than earnings delivery at the builder, said CGS International in lifting its target price to the highest on the street.
Exsim Hospitality to manage RM45m Summit Hotel revamp, lease it for at least three years
Exsim Hospitality Bhd (KL:EXSIMHB), formerly Pan Malaysia Holdings Bhd, has agreed with AmFIRST Real Estate Investment Trust (REIT) (KL:AMFIRST) to manage a planned RM45 million refurbishment and rebranding of The Summit Hotel Subang USJ, and to lease the hotel for three years after the revamp.
