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KUALA LUMPUR: Recent corporate announcements could put the spotlight on SunREIT, IGB REIT, IGB Commercial REIT, CLMT, Sapura Energy, Samaiden, MFM, UZma, Avillion and Reneuco, said Apex Securities Research.
Sunway Real Estate Investment Trust
‘s (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023.
Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) NPI by 9.08% to RM115.24 million for 4QFY2023 from RM105.64 million recorded in the same period a year earlier, as it posted a 6.6% rise in revenue to RM158.47 million from RM148.71 million previously.
IGB Commercial REIT logged an NPI of RM32.86 million for 4QFY2023, 20.51% higher than the RM27.27 million recorded a year earlier, as revenue increased by 15.13% to RM56.92 million from RM49.44 million previously on higher average occupancy rate of properties.
Capitaland Malaysia Trust (CLMT) reported a 54.4% jump in its NPI for 4QFY2023 to RM63.02 million from RM40.8 million a year ago, as it reported a 57.5% rise in revenue to RM108.51 million from RM68.9 million previously.
Sapura Energy Bhd has been served with a €50 million (RM256.16 million) arbitration claim from the developer of the Yunlin offshore wind farm project over alleged contract breaches.
Samaiden Group Bhd has received approval to construct and operate a biomass power plant in Tangkak, Johor, with an installed capacity of seven megawatts, as it aims to supply a net export capacity of six megawatts to Tenaga Nasional Bhd (TNB).
The largest shareholders of Malayan Flour Mills Bhd (MFM) saw their stakes in the flour miller rise due to the mandatory conversion of redeemable convertible unsecured loan stocks (RCULS).
Uzma Bhd’s 70%-owned unit Malaysian Energy Chemical & Services Sdn Bhd has won a contract from Hibiscus Oil & Gas Malaysia Ltd for the supply of chemicals and related services to the PM3 offshore fields over a five-year period.
Put under the spotlight due to being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC), Avillion Bhd has assured that it is business as usual for the company.
Reneuco Bhd has failed to submit its annual report 2023 for the financial period ended Sept 30, 2023 (FY23) within four months from the close of the financial year of the company which falls on Jan 31, 2024.
