News by theedgemalaysia.com

Power Root Bhd is buying 116 parcels of freehold residential land, totalling about 771,949 sq ft in Johor Bahru, Johor, for RM25 million in cash.

Malaysia Building Society Bhd (MBSB) is targeting to deliver a high return on equity (ROE) of 6.0%-6.5% this year, up from 5.2% in 2022, even as the Islamic commercial bank faces margin pressure arising from increasing cost of funds.

The platform will serve to unlock value in Khazanah’s existing portfolio and achieve commercial returns by developing its seed assets through new investments and collaborating with high potential local and international companies. 

The meeting is also to seek shareholder approval to appoint four new members to its board. 

Lower net income coupled with expansion in AUM had led to a lower return on assets for PNB last year, down to 3.1%, from 3.6% in 2021, and 3.5% in 2020 and 2019.

The project, commissioned by Global Vision Logistics Sdn Bhd, will establish the country's first green-certified logistics hub, one of the largest in the Asean region. 

Sitting on a 9.77-acre plot of land in Sungai Besi, Desa East Residence comprises two components, namely Vista Adesa Residensi Wilayah and Radium Adesa Residence.

These shop offices are designed with the objective to maximise branding and product displays to draw customers in. 

"His long history of astute leadership and unwavering commitment to positive growth will strengthen our resolve in bringing the project to fruition for the benefit of the country and the people.”

The research said it projects Hektar’s earnings to grow by 9.5% for FY2023F, 8.2% for FY2024F and 3.5% for FY2025F.