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)

KKB Engineering Bhd (KKB) has secured three new contracts worth RM93 million, boosting its growth prospects across multiple sectors. (NST) 

Hup Seng Industries Bhd’s third-quarter results for the period ended Sept 30, 2024, sent shares up about 7% in early trade Thursday, driven by better-than-expected numbers. (TheStar)

CIMB Group Holdings Bhd (KL:CIMB) could post decent earnings growth for the third quarter which could help it achieve its return on equity (ROE) target of 11%-15% this year, despite the slower 4Q expected ahead, analysts said. (TheEdge)

Shares of Lotte Chemical Titan Holding Bhd (KL:LCTITAN) tumbled to their lowest in more than four years on Thursday, as investors reacted to widening quarterly losses while analysts flagged more troubles ahead. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 7 November 2024

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