News by Surin Murugiah

PMVSB said that ultimately, eight exceptional projects were selected, reflecting the programme’s mission to foster impactful initiatives within the community.

RHB Retail Research said Ekovest Bhd is resuming the bullish movement after it climbed above the strong resistance.

RHB Investment Bank (RHB IB) Research has maintained its “overweight” rating on the property sector and said the re-rating in property sector still has legs.

Genting Singapore may bid for a casino and integrated resort licence in Thailand, should the Thai government open up the industry, according to Maybank Investment Bank Research (Maybank IB).

Maybank Investment Bank has maintained its “neutral” rating of the property sector, and said that Iskandar Puteri stands a good chance as a location for the Johor-Singapore special economic zone (JSSEZ).

RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.

Rakuten Trade said buying interest for IOI Properties Group Bhd may have returned following a break-out from the one-week rectangular pattern with a long white candle on Wednesday.

RHB Retail Research said Iskandar Waterfront City Bhd is poised for a positive rebound after bouncing off the 21-day simple moving average line, testing the 67 sen immediate resistance level.

RHB Retail Research said Eastern & Oriental Bhd is set for an uptrend reversal after undergoing a breakout above the 59 sen level on Tuesday on improving trading volume above the 21-day simple moving average line.

MIDF Research has upgraded Eco World Development Group Bhd (EcoWorld) to “buy” at RM1, with an unchanged target price of RM1.14, and said the developer’s core net income of RM272.9 million for the financial year ended Oct 31, 2023 (FY2023) came in above consensus full-year expectations at 107%, but within MIDF’s estimate at 102%.