Overall house prices consolidated during the quarter under review, says Savills Malaysia associate director of research and consultancy Fong Kean Hwa when presenting The Edge | Savills Klang Valley High-Rise Residential Property Monitor for 3Q2022. The average asking price in prime city sub-markets (KLCC, Bangsar, Mont’Kiara) continued to contract year on year (y-o-y), he notes. “However, the average capital values declined much faster, widening the price gap. This indicates that buyers have strong bargaining power and that the property market is under pressure.”
PETALING JAYA: Analysts are generally bullish on the prospects of engineering and construction giant Gamuda Bhd, on the back of a record-high order book, its chances of securing further projects such as in the mass rapid transit three (MRT3) and its presence in overseas markets that could cushion its risk exposure to any single country.
It is unlikely that plantation companies will continue to post double-digit profit growths in 2023, according to analysts, due to lower crude palm oil (CPO) prices, higher energy costs, and costlier raw material.
theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Dec 13). Two stocks displayed positive momentum, while the other six indicated negative momentum.
Notable filingsFilings on April 9 showed Bioenergy Holdings Sdn Bhd disposing of 10.5 million shares in Asia Bioenergy Technologies Bhd (Asiabio) between April 3 and 7, effectively reducing its stake in the company to 53.6 million shares or 21.4% equity interest. Asiabio said last week that its investment company, Grand Inizio Bhd, had submitted an application to be listed on the Mesdaq Market. An April 10 filing revealed that Lau Kim Chew had ceased to be a substantial shareholder of Cocoaland Holdings Bhd following the sale of his shares in Leverage Success Sdn Bhd, which owns 79.7 million shares, or a 66.3% stake, in the company. According to the filing, Lau now holds less than 15% of Leverage Success. According to an April 8 filing, Singapore-based Arisaig Asean Fund Ltd disposed of 15.6 million shares in Hektar Real Estate Investment Trust, ceasing to be a substantial shareholder of the property trust. Arisaig had at one point owned 18 million shares, or 5.64% equity interest, in