KUALA LUMPUR: Stock with recent corporate announcements that could see increased trading action include Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak, Signature International, Fiamma, MPHB Capital, Serba Dinamik, EA Technique and Zelan, said JF Apex Research.
KUALA LUMPUR: Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) increased 86.5 per cent to RM123.1 million in the sixth quarter of its financial period ended Dec 31, 2021 (Q6 FP2021) from RM66 million in the second quarter of FP2021 (Q2 FP2021).
THE pandemic has left many retail-related business floundering, thus Sunway Real Estate Investment Trust (REIT) is thankful that it has diversified from a retail-focused REIT to include industrial, healthcare and education assets into its portfolio.
Corporate News
Astro and Netflix have entered into a partnership that will see the streaming service brought on to Astro s platform.
The content providers announced in a joint statement that Astro customers will soon be able to access Netflix on their connected Ultra Boxes, first at launch, and subsequently on Ulti Boxes.
The partnership offers their Malaysian customers greater convenience by having Netflix with their Astro subscription, which will provide easy access for payment in a single bill at the best value.
Oil services and engineering company Serba Dinamik Holdings Bhd is taking legal action against its external auditor KPMG PLT for alleged negligence, breach of contract and breach of statutory duty.
KUALA LUMPUR: CGS-CIMB Equities Research estimates the return of a nationwide lockdown raises the estimated daily economic losses in Malaysia’s economy to RM300mil a day but it emphasised such stringent measuers could help curb the spread of the pandemic.
In its strategy report on Tuesday, it pointed out the economic losses from the MCO 3.0, which comes into effect on Wednesday nationwide, is much higher compared with RM200mil a day for a targeted MCO 3.0, and its baseline assumption of a conditional MCO (RM150mil a day).
“We estimate that each month of MCO would shave 0.3 percentage point from our current annual GDP growth estimate of 5.7% in 2021.