Day: July 24, 2024

KUALA LUMPUR, Sunway Property, the property arm of Sunway Bhd, has recorded RM1.1 billion in bookings across its 14 properties nationwide under its Signature Series 2024 campaign. In a statement today, the company announced that this marked the third consecutive year of growth, surpassing RM1 billion in bookings last year and RM800 million in 2022. The campaign featured special deals and the launch of two new Signature Homes. Sunway Velocity 3 in Klang Valley achieved 60 per cent of its unit sales during its opening weekend in May, while Sunway Aviana in Johor achieved a remarkable 100 per cent take-up

KUALA LUMPUR, MIDF Amanah Investment Bank Bhd reiterated its ‘Buy’ recommendation for YTL Corporation Bhd. This follows YTL Cement Bhd’s plan to acquire an 81.24 per cent stake in Singapore-listed NSL Ltd for SGD227.6 million (RM792.3 million). ‘We continue to favour YTL Corp as a beneficiary of the infrastructure upcycle due to its dominant share of domestic cement supply and its strategic venture into data centres and renewable energy via its utilities division. ‘We view the proposed acquisition of NSL as a positive move for YTL,’ the bank said in a statement today. The bank has also maintained a target

KUALA LUMPUR, Malaysia’s 5G rollout will continue in the second half of 2024, regardless of the political climate, whether in a Single Wholesale Network (SWN) model or a Dual Wholesale Network (DWN) structure, said Hong Leong Investment Bank (HLIB). The investment bank reiterated that a second 5G network by Entity B would likely be superior, cheaper, have more compatibility and seamless, leading to a faster rollout and go-to-market strategy. ‘Besides 5G, we expect exponential fibre demand will be coming from the booming data centre industry over the next three years. The impact of the new Mandatory Standard on Access Pricing