News by theedgemalaysia.com

Binastra Corporation Bhd’s (KL:BNASTRA) series of data centre-related job wins could pave the way for the group to expand further beyond residential property projects, analysts said.

IOI Properties Group Bhd (KL:IOIPG) may book a massive income gain from industrial land to be sold at a large premium, analysts said, sending its stock higher on Thursday.

AME Real Estate Investment Trust (KL:AMEREIT) reported on Wednesday a 23% year-on-year increase in net property income (NPI) for the latest quarter, thanks to higher rental income from newly acquired properties and positive rental reversions.

The future of design will be done entirely on virtual twins as the products will be software-defined, said Nvidia co-founder and chief executive officer Jensen Huang.

Binastra Corp Bhd (KL:BNASTRA) has secured a RM503 million contract for the proposed development of a data centre in Jalan Sri Permaisuri, Kuala Lumpur.

Permodalan Nasional Bhd (PNB), one of the substantial shareholders of IJM Corporation Bhd (KL:IJM), will evaluate the takeover offer for the construction company before making any decision, Deputy Prime Minister Datuk Seri Fadillah Yusof said on Wednesday.

Lagenda Properties Bhd (KL:LAGENDA) is about to see an acceleration in earnings over the next two years from robust demand for affordable homes, said CGS International.

The Court of Appeal last week dismissed an appeal by a landowner-cum-developer for loss of profit/business disturbance following the acquisition of almost two acres of its 4.53 land in Klang for the construction the West Coast Expressway (WCE).

Sarawak Consolidated Industries Bhd (KL:SCIB) has cancelled its RM49 million financing facilities after the board determined that the facilities were no longer required following the group’s disposal of its indirect wholly owned unit SCIB Concrete Manufacturing Sdn Bhd (SCM).

AME Elite Consortium Bhd (KL:AME) has secured a RM214.1 million contract from KLIA Aeropolis Sdn Bhd, a subsidiary of Malaysia Airports Holdings Bhd, to build the first phase of a specialised test cell facility in Sepang.