MQ Market Updates - 23 January 2025
MQ Market Updates - 23 January 2025
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KIP Real Estate Investment Trust (KIPREIT) shows positive prospects due to its strong property portfolio and ongoing leasing efforts. The REIT has received approval for acquiring four industrial properties worth RM98.3 million, indicating its expansion strategy.
Malaysian Resources Corp Bhd (MRCB) is partnering Ipoh Sentral Sdn Bhd (ISSB) to jointly develop the Ipoh Sentral project, with an estimated gross development value of RM6.25 billion.
T7 Global Bhd (T7GLOBAL) has secured a contract with Hess Exploration and Production Malaysia BV for the provision of pan-Malaysian offshore maintenance, construction, modification and hook-up commissioning services.
Westports Holdings Berhad (WPRTS) reported a 15.2 per cent surge in net profit for the financial year ending Dec 31, 2024 (FY24), rising to RM897.9 million from RM779.4 million.
Export-Import Bank of Malaysia Bhd (EXIM Bank) has filed a lawsuit against instant coffee manufacturer Power Root Bhd (PWROOT), seeking RM7.39 million over insurance claim payout dispute.
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