News by theedgemalaysia.com

RTS Operations Pte Ltd (RTSO), the operator of the Johor Bahru-Singapore Rapid Transit System Link (RTS Link) project, has appointed Datuk Khairil Anwar Ahmad as its new chairman, replacing Datuk Mohd Farid Mohd Adnan.

KLCC Property Holdings Bhd (KLCCP) said it has on Friday made the first issuance of Sukuk Wakalah amounting to RM1.95 billion in nominal value under the RM5 billion programme, to finance the acquisition of a 40% stake in Suria KLCC Sdn Bhd.

Haily Group Bhd has won a contract worth RM59.46 million for a terrace house construction project in Johor Bahru.

Chin Hin Group Bhd has acquired an additional 3.39% stake in Chin Hin Group Property Bhd (CHGP) for RM29.26 million, increasing the group’s stake in its listed property and construction arm to 57.13% from 53.74% previously. 

Crescendo Corp Bhd's shares surged to a record high on Friday following the announcement of the Johor-based property developer’s latest land disposal plan.

The government's trustee company Amanah Raya Bhd (AmanahRaya) on Friday signed an agreement with national housing development company Syarikat Perumahan Negara Bhd (SPNB) to provide legacy planning in home purchases.

Apex Securities Bhd has initiated coverage on Matrix Concepts Holdings Bhd with a “buy” rating at RM1.82 and target price of RM2.14, based on a discount rate of 20% to the research house's revalued net asset value (RNAV).

Crescendo Corp Bhd has announced the disposal of a piece of vacant freehold land measuring 1.1 million sq ft in Pulai, Johor for RM132.47 million, or RM120 per sq ft.

Shares in Gamuda surged to a new all-time high on Thursday, as CIMB Securities flagged the company’s potential to secure another two data centre projects, including the AIMS Cyberjaya Block 3.

Hong Leong Investment Bank (HLIB) has maintained its “overweight” rating on the construction sector and said first quarter of 2024 (1Q2024) domestic contract awards totalled RM6.96 billion, which is up 45% quarter on quarter (q-o-q) but down 3% year-on-year (y-o-y).