Grey patches in green effort
The achievement involved the mindful contribution of 671 projects assessed by the industry-recognised green rating gauge.
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New Straits Times
2 days ago
- New Straits Times
REITs poised for earnings boost from acquisitions and renovations
KUALA LUMPUR: Real estate investment trusts (REITs) are poised to post stronger earnings on the back of ongoing acquisitions and asset enhancements, according to RHB Investment Bank Bhd (RHB Research). The firm said AME REIT is on track to complete RM148 million worth of acquisitions, while Axis REIT is expected to deliver healthy year-on-year earnings growth following RM644 million in acquisitions completed in the second half of 2024. IGB REIT's RM2.7 billion acquisition of Mid Valley Southkey was highlighted as a key move to tap into growth opportunities in the Iskandar Malaysia market. Meanwhile, Pavilion REIT is anticipated to finalise the acquisition of Pavilion Hotel KL and Banyan Tree KL for RM480 million. RHB Research said this would provide positive operating synergies with its flagship mall. Sentral REIT is also expected to complete its RM70 million acquisition of Arcoris Plaza, part of its strategy to diversify its asset base. The firm said a potential disposal of the vacant Wisma Sentral Inai could help reduce borrowing costs. Sunway REIT recently completed Phase 2 of its refurbishment of Sunway Carnival Mall, which is expected to support a strong rebound in average rental rates. Despite downside risks from the expanded Sales and Service Tax (SST) and new electricity tariffs, the research house said REITs are well positioned to weather the impact due to growth initiatives and tenant relationship strategies. "While there is no clear guidance yet on the impact from the new cost pressures, we think REITs may delay the imposition of higher rental reversions for certain tenants to maintain positive relationships while they adjust to the new cost base, which would be more beneficial in the long run. "Likewise, REITs in the past have delayed raising the service charge to tenants due to a higher electricity tariff," it said in a research note. RHB Research's top pick is Pavilion REIT, citing attractive dividend yields compared to its closest peers, backed by high occupancy rates that should support solid earnings growth in the long term. Overall, the firm has maintained an "Overweight" call, adding that REITs remain a reliable shelter for investors seeking defensive assets, supported by robust domestic spending, easing bond yields, and inorganic growth strategies across multiple REITs. "We think the pros outweigh the cons, most notably from the expansion of SST, which could potentially provide a downside risk to rental reversions, of which the REITs with strong asset quality should be relatively shielded from," it added.
The Star
5 days ago
- The Star
LPGA Tour poised to sparkle beyond Diamond Jubilee with leadership reboot
AS THE LPGA Tour enters the back nine of its milestone 75th anniversary season, it is primed to capitalise on the global growth of women's golf – thanks to recent leadership appointments and the continued rise of Asia‑Pacific golfers – both of which should strengthen the tour's foundation for longevity and deepen its impact on its fans worldwide. In recent months, the LPGA named its 10th commissioner in 40-year-old Craig Kessler, whom the search committee was wowed by his passion for the women's game and, more importantly, by his astute vision to take the organisation forward through four key pillars he has outlined. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
Barnama
07-07-2025
- Barnama
Bursa Malaysia Retreats To Open Lower
KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia retreated to open lower on Monday, following a negative overnight performance on Wall Street, with the July 9 reciprocal tariffs deadline approaching. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 13.66 points, or 0.88 per cent, to 1,536.53 from last Friday's close of 1,550.19. The benchmark index had earlier opened 5.45 points lower at 1,544.74. Market breadth was negative, with 436 decliners thumping 63 gainers. A total of 214 counters were unchanged, 1,691 untraded and 19 suspended. Turnover stood at 276.83 million shares worth RM189.99 million. Malacca Securities Sdn Bhd expect the local bourse to start the week on a cautious note with Wall Street's negative index futures and the July 9 tariff deadline looming, coupled with US plans to restrict AI chip shipments to Malaysia and Thailand. 'Nevertheless, the return of foreign funds and the FBM KLCI's undervaluation may cushion the downside risk for now, supported by the data centre theme, domestic-driven plays and anticipation of major infrastructure projects rollout. 'We remain bullish on the construction and utility sectors, while real estate investment trust (REIT) counters continue to benefit should Bank Negara Malaysia lower the overnight policy rate (OPR) in the upcoming monetary policy committee meeting,' it said in a note. Among the heavyweights, Maybank fell one sen to RM9.73, Public Bank and Tenaga Nasional decreased six sen each to RM4.32 and RM14, respectively. CIMB and IHH Healthcare dropped three sen to RM6.74 and RM6.72, respectively.
