Malaysian REITs may have more downside ahead, CGS International flags
Despite recent corrections, Malaysian real estate investment trusts, or REITs, have yet to fully price-in the loss of withholding tax perk, CGS International flagged.
Property developer Gold Li launches IPO at 13 sen to mainly fund Johor projects
Gold Li Holdings Bhd, which mainly develops landed homes, has begun collecting applications for its initial public offering (IPO) on the ACE Market of Bursa Malaysia, seeking to raise up to RM19.5 million.
KLCCP’s sukuk programme upsized to RM4 bil
KLCCP Stapled Group’s (KL:KLCC) sukuk programme has been upsized to RM4 billion from RM3 billion.
Johor’s proximity to Singapore remains key to drive data centre investments, credit rating firm director says
Johor’s proximity to Singapore continues to drive data centre investments into the state, even as rising operating costs narrow its cost advantage, said S&P Global Ratings corporate ratings director Ng Yijing.
IJM Corp aims to list construction business by 2027, says Kenanga
Fresh from staving off a takeover, IJM Corporation Bhd (KL:IJM) is now aiming to list its mainstay construction business before the end of 2027.
Samchem leases Johor land for RM21m to build chemical storage terminal
Samchem Holdings Bhd (KL:SAMCHEM), an integrated chemicals and lubricants distributor, is leasing industrial land in Johor Bahru to build a bulk liquid storage terminal to expand capacity.
HLIB less bullish on Malaysia’s REIT sector as tax removal squeezes yields, investors shift to alternatives
Hong Leong Investment Bank (HLIB) has decided to downgrade Malaysia’s real estate investment trust (REIT) sector from “overweight” to “neutral”, citing narrow yield spreads against other asset classes and rising competition from high-dividend alternatives.
SCIB's Ku Chong Hong emerges as Axteria substantial shareholder, appointed executive director
In addition to his role at SCIB, Ku currently also serves as an executive director and the chief financial officer of Globetronics Technology Bhd.
UOB Malaysia unveils RM1b investment commitments to support Johor–Singapore SEZ
The investment is to be facilitated through its UOB Green Lane — a platform aimed at accelerating investment approvals and execution.
Mudajaya wins appeal, court raises compensation to RM72.2 mil in fund misappropriation case
The construction group said the appellate court ruled it is entitled to its primary claim and reliefs sought, with the revised award subject to deductions for sums already recovered.
