Latest news with #CASB
The Star
3 days ago
- Business
- The Star
MRCB forms joint venture for RM6.25bil Ipoh transit project
Artist's impression of the bus terminal planned for Ipoh Sentral. — Courtesy of MRCB PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), through its wholly owned subsidiary Country Annexe Sdn Bhd (CASB), has entered into a joint venture development agreement with Ipoh Sentral Sdn Bhd (ISSB) to undertake the proposed Ipoh Sentral project in Ipoh, Perak. In a filing with Bursa Malaysia, MRCB said the agreement formalises the collaboration for a proposed mixed-use development based on a transit-oriented development (TOD) model on two parcels of leasehold land. The lands, which span a combined 296,727 sq mt, are currently in the process of being transferred from Railway Assets Corporation to its wholly owned subsidiary, Railway Assets Holding Sdn Bhd. Under the agreement, CASB will take on the role of master developer, commencing with the planning and design works for submission to the authorities for the masterplan development order. The project, excluding a designated cultural zone, carries an estimated gross development value of RM6.25bil and a gross development cost of RM5.62bil. As part of the agreement, CASB will pay ISSB a consideration of up to RM348mil, which includes a guaranteed minimum of RM198mil. The payment will be made through a mix of cash and in-kind assets over a 20-year development period. MRCB said the joint venture is in line with its strategy to expand its land bank and reinforce its position in TOD developments. 'The TOD project will provide recurring income throughout its development period and serve to showcase the company's capabilities in property development, engineering and construction,' it added. The group noted that the commencement and completion dates for the project cannot be determined at this stage, as the development plan has yet to be submitted to the relevant authorities.
New Straits Times
4 days ago
- Business
- New Straits Times
MRCB subsidiary, ISSB to jointly develop Ipoh Sentral with GDV worth RM6.2 bln
KUALA LUMPUR: Malaysian Resources Corporation Bhd's (MRCB) wholly-owned subsidiary, Country Annexe Sdn Bhd (CASB), and Ipoh Sentral Sdn Bhd (ISSB) will jointly develop Ipoh Sentral in Perak with an estimated gross development value of RM6.25 billion. CASB has today entered into a joint venture development agreement (JVDA) with ISSB to formalise their collaboration on the proposed mixed-use development of Ipoh Sentral. This agreement follows the execution of a memorandum of agreement on January 23, 2025. "The proposed collaboration is in line with the company's corporate strategy, particularly its focus on sustainable growth, portfolio diversification, and community-centric development. "By leveraging its core competencies and industry expertise, the company aims to enhance financial performance while creating long-term value for shareholders, stakeholders, and the communities it serves," MRCB said in a filing with Bursa Malaysia. The company emphasised that the proposed collaboration represents a strategic opportunity for profitable expansion. "The increasing demand for transit-oriented development (TOD) presents attractive prospects for investment and sustainable revenue generation over the long term," it added. MRCB expects the proposed collaboration will enable the company to expand its TOD development expertise to develop and build a modern transportation hub connecting various modes of transportation, and will also upgrade the quality of life of the people through the integrated development. "The TOD project will further provide recurring income throughout its development period and serves to showcase the company's capabilities in property development, engineering and construction," it said. The company said the proposed collaboration will also significantly increase the company's land bank, providing access to additional prime land parcels. The total development period is 20 years commencing from the date of the fulfilment of conditions.
Yahoo
09-06-2025
- Business
- Yahoo
Oppenheimer Raises Price Target on Cloudflare (NET), Maintains Outperform Rating
Cloudflare, Inc. (NYSE:NET) is one of the 10 tech stocks on Wall Street's radar right now. On June 5, Oppenheimer raised its price target on Cloudflare, Inc. (NYSE:NET) from $165 to $200 and maintained an Outperform rating after discussions with Phil Winslow, the company's VP of Strategic Finance & Investor Relations. The firm grew more optimistic about the company's growth prospects due to strong momentum in SASE (Secure Access Service Edge) security, boosted by Magic WAN adoption and improvements in CASB (Cloud Access Security Broker) and data loss prevention security features. The firm noted that the Worker platform's expanding capabilities have gained more traction among developers who favor the shift-left approach. Additionally, new AI-focused edge computing technologies like MCP and A2A, along with a new container service for AI workloads, are also some of the reasons for Oppenheimer's positive outlook. The firm is confident that Cloudflare (NYSE:NET) will exceed expectations for 2025, accelerate revenue growth beyond 30%, and reach a $5 billion ARR by the end of 2028. A close-up of a server array powering a cloud-services system. Cloudflare (NYSE:NET) provides a broad suite of cloud-based security, performance, and network services designed to protect and optimize applications, websites, and data across platforms, including SaaS, IoT, and cloud environments. The company offers security solutions including zero trust and DDoS protection, network services such as Magic WAN, and developer tools alongside consumer products like VPN and DNS services. While we acknowledge the potential of NET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Connectez-vous pour accéder à votre portefeuille
Yahoo
09-06-2025
- Business
- Yahoo
Oppenheimer Raises Price Target on Cloudflare (NET), Maintains Outperform Rating
Cloudflare, Inc. (NYSE:NET) is one of the 10 tech stocks on Wall Street's radar right now. On June 5, Oppenheimer raised its price target on Cloudflare, Inc. (NYSE:NET) from $165 to $200 and maintained an Outperform rating after discussions with Phil Winslow, the company's VP of Strategic Finance & Investor Relations. The firm grew more optimistic about the company's growth prospects due to strong momentum in SASE (Secure Access Service Edge) security, boosted by Magic WAN adoption and improvements in CASB (Cloud Access Security Broker) and data loss prevention security features. The firm noted that the Worker platform's expanding capabilities have gained more traction among developers who favor the shift-left approach. Additionally, new AI-focused edge computing technologies like MCP and A2A, along with a new container service for AI workloads, are also some of the reasons for Oppenheimer's positive outlook. The firm is confident that Cloudflare (NYSE:NET) will exceed expectations for 2025, accelerate revenue growth beyond 30%, and reach a $5 billion ARR by the end of 2028. A close-up of a server array powering a cloud-services system. Cloudflare (NYSE:NET) provides a broad suite of cloud-based security, performance, and network services designed to protect and optimize applications, websites, and data across platforms, including SaaS, IoT, and cloud environments. The company offers security solutions including zero trust and DDoS protection, network services such as Magic WAN, and developer tools alongside consumer products like VPN and DNS services. While we acknowledge the potential of NET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Channel Post MEA
07-05-2025
- Business
- Channel Post MEA
CyberKnight Signs a Strategic value-Added Distribution Partnership with Netskope
CyberKnight has signed a strategic value-added distribution partnership with Netskope during GISEC 2025. Leveraging CyberKnight's proven expertise and coverage, this collaboration aims to empower regional entities to modernize security and safeguard data across all sectors. The partnership ensures enteprise and government organizations can benefit from Netskope's global innovation and local infrastructure to accelerate performance and get unprecedented visibility into any cloud, AI, web, and private application activity while reducing risks. As a modern SASE and SSE solution, the Netskope One platform delivers unified data security and adaptive threat protection, combining CASB, SWG, ZTNA, DLP, DSPM and other capabilities with patented AI innovations that detect anomalies, block zero-day threats, and prevent data exfiltration across cloud and AI apps, endpoints, and IoT. With 70% of enterprises in the region now prioritizing AI-driven threat detection and zero-trust frameworks, Netskope's cloud-native, AI-ready architecture and expansive NewEdge network provide the speed, resilience, and performance required for today's digital enterprises. 'Netskope goes to market through a network of strategic partnerships and alliances across the region. We work closely with our channel partners who over many years have built strong relationships with enterprise customers and government, who rely on them to recommend and deliver modern cybersecurity solutions, essential to stay ahead of an ever-evolving threat landscape'. 'Netskope was founded on the belief that continuous innovation is essential to help organizations modernize networks and security,' said Michael Herman, Vice President Channel Sales, EMEA & LATAM at Netskope'. 'Our partnership with CyberKnight, announced at GISEC 2025, will help expand our regional coverage, help our partners deliver modern cybersecurity solutions and better serve organizations in the region to protect data, securely enable AI usage and build cyber resilience for the future. Cyberknight is committed to building a comprehensive set of skills and services to help partners and customers deploy and deliver Netskope technology at scale. This will enable enterprises and governments to embrace digital transformation with confidence, knowing their users, data, and applications are protected by industry- leading, AI-centric security.' 'Partnering with Netskope marks a pivotal step in our mission to bring the world's most advanced cloud and AI security to the region,' added Avinash Advani, Founder & CEO, at CyberKnight. 'With our focus on technical excellence and Netskope's cutting-edge platform, we will enable our customers to confidently navigate digital transformation, protect critical assets, and achieve compliance in an increasingly complex threat environment. This collaboration will ensure that organizations across the region have access to market-leading, best-of-breed technology to defend against cyber threats as they accelerate the journey to the cloud.' 0 0
