YNH Property among most active counters, continues to pare losses in early trade
YNH Property has emerged as the second most active stock on Bursa Malaysia after Monday’s opening bell, with 97.6 million shares changing hands.
YNH Property has emerged as the second most active stock on Bursa Malaysia after Monday’s opening bell, with 97.6 million shares changing hands.
Malaysian Resources Corp Bhd (MRCB), Berjaya Land Bhd (BJLand) and IJM Construction Sdn Bhd (IJM) confirmed that they are in a consortium, together with Keretapi Tanah Melayu Bhd (KTMB), to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project.
YNH Property Bhd and Sarawak Consolidated Industrial Berhad (SCIB) have emerged among the top active stocks on Bursa on Monday, posting record levels of trading activity.
The selling wave for penny stocks took a pause on Monday morning, although two of the worst hit counters, YNH Property Bhd and Rapid Synergy Bhd, hit limit down again, soon after the opening bell.
Sarawak Consolidated Industries Bhd (SCIB) is in talks with the Sarawak state government over a potential land acquisition, the company said in response to an unusual market activity (UMA) query issued on Wednesday, after its shares hit limit down for the second consecutive day.
Shares of Sarawak Consolidated Industries Bhd (SCIB) plunged 30 sen or 35.93% in Wednesday's morning session, hitting limit down for the second consecutive day, erasing all gains in the last three months.
Maybank Investment Bank has forecast the earning growth of Malaysia real estate investment trusts (REITs) to remain decent at 9.1% in 2024, compared with an estimated 6.9% in 2023, on the back of sustained occupancy, rental rates and new asset injection.
The Kuala Lumpur-Singapore high-speed rail (HSR), which is estimated to cost RM100 billion, will be challenging to undertake without involvement from the government, said Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann.
The Johor-Singapore Special Economic Zone (JS-SEZ) must be free from political interference to ensure its success in fostering a strong, sustainable and mutual-beneficial partnership between Malaysia and Singapore, according to the Socio-Economic Research Centre (SERC).