MQ Market Updates - 7 November 2024

2024-11-07 17:38:45

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Eco World Development Group Bhd (Eco World Malaysia) is buying 342.86 hectares (ha) of land owned by Boustead Properties Bhd (BProp) in Semenyih for RM742.4 million cash, to be developed into a RM4.6 billion mixed development. (NST)

Fraser & Neave Holdings Bhd (F&N)'s costs will rise RM5.7 million from the implementation of the new minimum wage next year and mandatory employees provident fund contribution for foreign workers. (NST)

Mah Sing Group Bhd has secured its fourth land acquisition of the year, acquiring 5.24 acres of prime freehold land on Old Klang Road, Kuala Lumpur, for RM113mil. (TheStar)

Sentral REIT (KL:SENTRAL), which mainly manages office towers, said on Thursday its net property income rose 25% in the third quarter ended Sept 30, 2024 (3QFY2024) from a year earlier, boosted by revenue from a newly acquired property. (TheEdge)

Parkson Holdings Bhd’s (KL:PARKSON) subsidiary, Parkson Retail Group Ltd (PRGL), has secured two major lease agreements in Shanghai and Nanning, China, with a total combined value of approximately RM358.8 million.(TheEdge)

Source: NST, TheEdge, TheStar

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Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

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