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News by theedgemalaysia.com

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Kenanga stays ‘neutral’ on property, favours EcoWorld, IOI Properties on strong cash flows

11 August, 2023

Kenanga Research has maintained its "neutral" stance on the property sector, naming Eco World Development Group Bhd (EcoWorld) and IOI Properties Group Bhd as its top picks, which have strong cash flows that could anchor good dividends in the current challenging operating environment.

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CSG-CIMB ups target price for Sime Darby Property on diversified products, high unbilled sales, strong balance sheet

11 August, 2023

CGS-CIMB maintained its "buy" call on Sime Darby Property Bhd and raised its target price (TP) by 19% to 87 sen from 73 sen on the group’s diversified product mix, high unbilled sales and strong balance sheet.

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Axteria proposes yet another private placement to fund property development

11 August, 2023

Property developer Axteria Group Bhd has proposed a private placement of up to 10% of its total number of issued share capital to raise RM11.3 million.

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Ecobuilt initiates adjudication in construction project payment dispute

11 August, 2023

Ecobuilt Holdings Bhd said its wholly-owned unit Eko Bina Sdn Bhd has issued a notice of adjudication to Golden Wave Sdn Bhd over a payment dispute relating to a serviced apartment and retail units project in Kota Kinabalu.

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PN17 firm Top Builders announces voluntary resignation of auditor

11 August, 2023

Practice Note 17 (PN17) company Top Builders Capital Bhd said on Thursday (Aug 10) that its external auditor, Kreston John & Gan, has resigned on a volunary basis.

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Berjaya Land appoints Abang Jo's son as independent director

11 August, 2023

Berjaya Land Bhd (BLand) has appointed Abang Abdillah Izzarim Abang Abdul Rahman Zohari as an independent and non-executive director, effective Thursday (Aug 10).

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NCT plans another private placement to fund property development projects

11 August, 2023

NCT Alliance Bhd (formerly Grand-Flo Bhd) is undertaking another private placement exercise of about 10% of its share base to raise some RM54.42 million, based on an illustrative price of 37 sen, mainly to fund its property development of the Grand Ion Majestic and Ion Vivace projects. 

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news

Rapid Synergy’s unit disposes of two pieces of land in Sitiawan for RM16m cash

11 August, 2023

Rapid Synergy Bhd’s wholly-owned subsidiary Persiaran Eksklusif Sdn Bhd (PESB) is disposing of two pieces of land to Dunnes Sdn Bhd for RM16 million cash, which will be utilised mostly for working capital and the redemption of a loan.

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Vincent Tan and Berjaya Land sue Sanusi over alleged defamatory remarks on SMG project

11 August, 2023

Berjaya Corp Bhd (BCorp) founder and adviser Tan Sri Vincent Tan and BCorp's unit Berjaya Land Bhd (BLand) are suing caretaker Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor over alleged defamatory remarks relating to the Selangor Maritime Gateway (SMG) project.

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news

Xeranti to revive 20-year abandoned project in Serendah

10 August, 2023

Xeranti Sdn Bhd has been appointed by the Selangor Housing and Property Board to revitalise a 20-year abandoned expansion project in Kampung Serendah Perdana and Kampung Jawa (Desa Beringin) in Serendah, Selangor.

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