INDUSTRY NEWS (10 MAY 2021)
Scientex mulls for seventh township development in Johor
Global packaging manufacturer and property developer Scientex Bhd is planning its seventh township in Johor, followed by the proposed 960-acre land acquisition in Mukim Tebrau, Johor Bahru for RM518.1 million. The gross development value of the mixed development is
Gamuda, Putrajaya to benefit from highway trust proposal, says Kenanga Research
Putrajaya stands to be the greatest beneficiary from the proposal put forth by Gamuda Bhd to have four tolled highways acquired by a highway trust for RM5.2 billion through monies raised from bond issuances, according to Kenanga Research. In a research note today,
Analysts raise S P Setia target price on Tebrau land disposal
Analysts have raised their target prices (TPs) for S P Setia Bhd after the company sold eight parcels of land measuring 959.7 acres (about 388.38 hectares) in Tebrau, Johor Baru for RM518 million. Kenanga Research’s Marie Vaz raised the stock to an “outperform” and
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