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Kimlun s net profit forecast raised for FY22

PETALING JAYA: Kimlun Corp Bhd’s earnings outlook is expected to brighten in the financial year (FY) 2022 as it has unbilled progress billings from projects secured last year.

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Brokers Digest: Local Equities - Digital banks, MGB Bhd, Dayang Enterprise Holdings Bhd, Kimlun Corp Bhd

Digital banks KENANGA RESEARCH (SEPT 21): With Bank Negara Malaysia due to award up to five digital banking licences in 1Q22, we recently hosted a knowledge-sharing session on the nature of digital banks (DBs) and what it means to the industry going forward. The session was helmed by Kenanga Investment Bank Bhd director of digital strategy Dr Sekar Jaganathan, head of digital strategy and business development Sarah Lim Fern Chieh and resident financial technology (fintech) specialist Ian Lloyd.

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Hong Leong Capital, KNM, Hup Seng, MAHB, Maxis, Sime Darby Property, Top Glove, Bursa, GFM, Dayang, Kimlun, MUI Properties, Hong Leong Industries

Hong Leong Capital, KNM, Hup Seng, MAHB, Maxis, Sime Darby Property, Top Glove, Bursa, GFM, Dayang, Kimlun, MUI Properties, Hong Leong Industries
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Q4 cheer for builders

Q4 cheer for builders
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Kimlun Corp s latest land buy seen as positive

’s recent deal to buy two plots of freehold commercial land near Johor Baru for RM40.5mil cash is seen as positive, says RHB Research. The two plots are sized 11.12 acres in total (translating to RM83.61 per sq ft) and located within the Bandar Seri Alam township, which is situated 20km from the city centre of Johor Baru. On Tuesday, Kimlun told Bursa Malaysia that its indirectly owned subsidiary Kii Melodia was buying the land from Seri Alam Properties (the Bandar Seri Alam township developer). The development details have yet to be finalised, and the proposed deal is expected to be completed by the third quarter of 2021.

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