Here's what we have for the week
Significant Event (MY & SG)
Share Price of Eco World International Bhd adjusted for dividends
- Keppel has divested a 23.91% stake in Dyna-Mac Holdings, a module builder for the energy industry, to Korean conglomerate Hanwha for S$ 100 million.
- Guocoland has divested its entire 27% stake in Eco World International Bhd for RM 170.61 million to Paramount Corp Bhd.
- Vstecs Ku Sdn Bhd has been picked as Amazon Web Services (AWS) first distributor in Malaysia.
Location of land sold by Paragon Globe Bhd to Bridge Data Centres
- Paragon Globe Bhd is selling 47.86 acres of land located at Taman Desa Cemerlang to Bridge Data Centres for RM 238.32 million or RM 114 per sqft.
- Exsim Group is acquiring Ho Hup’s 3.09 acres of land located in Bukit Jalil for RM 110 million or RM 818 per sqft.
- Penang has unveiled plans to establish its own one million sq ft integrated circuit (IC) design and digital park at the Bayan Lepas Industrial Park.
- Redevelopment of the Kuala Lumpur Sentral Station (KL Sentral) will begin in 2024.
- The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.
Privatization
- OCBC is privatising Great Eastern Holdings for S$ 25.60 per share.
Company Expansion Plan/ Capex Plan
- Mega First Corp Bhd is venturing into new business. It is buying a 64% stake in CSC Agriculture Holdings Sdn Bhd, a company that is involved in plantations and the wholesale of fruits and vegetables, for RM25 million.
Insights & Strategies
- Bursa companies that delivered outstanding quarterly results in April 2024 (Read Full Story)
- Loan Applications for commercial property is climbing up steadily (Read Full Story)
- Malaysia palm oil output jumps (Read Full Story)
News we are reading
What we are thinking
Gold, cocoa, copper, coffee – all these things are more expensive than they've ever been before. Even though wheat, soybean, and corn are still only half as pricey as they used to be, things might change soon. Bad weather means there won't be as much of these grains in the future. If the prices of these grains go up and China starts spending more money to help its economy, that could make metal and energy prices go even higher. By that time, how high will the inflation rate be?
