KUALA LUMPUR (Jan 30): After falling into the limelight due to being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC), Avillion Bhd has assured that it is business as usual for the company. “Avillion is a public company listed on Bursa Malaysia….
Read MoreKUALA LUMPUR (Jan 30): CapitaLand Malaysia Trust (CLMT) reported a 54.4% jump in its net property income (NPI) for the fourth quarter of its 2023 financial year (4QFY2023) to RM63.02 million from RM40.8 million in the corresponding quarter in FY2022, as it reported stronger revenue. The trust’s revenue rose 57.5% to RM108.51 million in the…
Read MoreKUALA LUMPUR (Jan 30): Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) by 9.08% to RM115.24 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM105.64 million recorded in the same period a year earlier. IGB REIT posted revenue of RM158.47 million for 4QFY2023, a 6.6%…
Read MoreKUALA LUMPUR (Jan 30): Lui Chong Chee has resigned as chairman and non-executive and independent director of CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), manager of CapitaLand Malaysia Trust (CLMT), with effect from Feb 1. Lui, 63, tendered his resignation due to other commitments and responsibilities, according to CLMT’s bourse filing on Tuesday. Lui was…
Read MoreKUALA LUMPUR (Jan 31): Mah Sing Group Bhd will be developing 185 acres “prime industrial development” named Mah Sing Business Park, Sepang with an estimated gross development value (GDV) of approximately RM728 million. Mah Sing Business Park will be developed by Fusion Heights Development Sdn Bhd, a subsidiary of Mah Sing South Sea Industrial Development…
Read MoreKUALA LUMPUR (Jan 31): Analysts expect forward earnings growth on CapitaLand Malaysia Trust (CLMT) to be mainly backed by positive rental reversions and stable occupancy rates. According to TA Securities, CLMT achieved a 24% year-on-year (y-o-y) increase in realised net profit, reaching RM111.2 million, excluding fair value gains on investment properties. This performance aligns well…
Read MoreKUALA LUMPUR (Jan 31): Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur. GDB’s wholly owned unit Grand Dynamic Builders Sdn Bhd (GDBSB) was appointed by KL International Hospital Sdn Bhd as the main contractor for the project. KL International Hospital is…
Read MoreKUALA LUMPUR (Jan 31): Avillion Bhd shares rose to a six-month high of seven sen in Wednesday morning trade, after the integrated travel, hotel and property group assured that it is business as usual for the company despite being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to…
Read MoreDifferent requirements at the state level have made it difficult for foreigners who want to purchase property in Malaysia. KUALA LUMPUR: The housing and local government ministry has been urged to advise all states to agree to a uniform guideline on foreign investments in residential property in Malaysia. Rahim & Co Research Sdn Bhd executive…
Read MoreKUALA LUMPUR (Jan 30): Oriental Interest Bhd’s net profit rose 41.83% to RM15.85 million for its first quarter ended Nov 30 2023 (1QFY2024), from RM11.18 million a year earlier, on the back of higher revenue. Earnings per share increased to 3.41 sen from 2.41 sen, according to the group’s stock exchange filing. Revenue rose 40.46%…
Read More
