9 stories mentioning KLSE:SIMEPROPUpdated 20d ago
Every FINWIRES story that references KLSE:SIMEPROP, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Sime Darby Property (KLSE:SIMEPROP) booked 55.3 million ringgit gain from a change in the fair value of its investment properties for the second quarter.The valuation increased the group's net assets per share by 0.0081 ringgit, according to a Monday Malaysian bourse filing.The investment properties had a combined fair value of 235.2 million, it said.
Sime Darby Property (KLSE:SIMEPROP) unit Sime Darby Property (KLGCC Resort) agreed to acquire a property, Wisma Unirazak, from Permodalan Nasional for 160 million ringgit.The proposed acquisition comprises a parcel of freehold land together with a 15-storey office building and one level of basement carpark, according to a Wednesday Malaysian bourse filing.
Sime Darby Property (KLSE:SIMEPROP) will acquire 556.96 acres of freehold land in Johor, Malaysia, from SD Guthrie (KLSE:SDG) for 418.5 million ringgit.The company plans to develop the site into a township comprising residential and commercial properties, according to Tuesday Malaysian bourse filings by both companies.The land is located within the Johor-Singapore Special Economic Zone and has an estimated gross development value of about 3 billion ringgit.The first phase is expected to launch in 2028, with development planned over 10 to 15 years.The acquisition is subject to regulatory and shareholder approvals, and is expected to be completed by the second quarter of 2027, it said.
Malaysian shares ended in the red on Tuesday, extending yesterday's losses, bucking a positive regional performance. Investor sentiment was downbeat after the trade surplus narrowed in June from a month earlier, missing the Trading Economics forecast.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 1.92 points to end 0.1% lower at 1,720.37.In corporate news, shares of GIIB (KLSE:GIIB) jumped about 11% on Tuesday's close after its unit GIIB Project Management & Capital signed a memorandum of understanding with Geely-owned Farizon and CAF Motors to explore developing and operating a centralized 4S (sales, service, spare parts and solutions) hub for Farizon commercial electric vehicles in Peninsular Malaysia.Johor Plantations (KLSE:JPG) reported crude palm oil production of 26,671.3 metric tonnes (MT) for June. Fresh fruit bunch production totaled 130,007.9 metric tonnes. Meanwhile, palm kernel production for the month was 6,447.2 metric tonnes.Malaysian real estate developer Sime Darby Property (KLSE:SIMEPROP) has been ordered by the Shah Alam High Court to repay 36.2 million Malaysian ringgit, along with 5% annual interest, to the Malaysian Highway Authority. Shares gained about 1% on Tuesday's close.
Malaysian real estate developer Sime Darby Property (KLSE:SIMEPROP) has been ordered by the Shah Alam High Court to repay 36.23 million Malaysian ringgit, along with 5% annual interest, to the Malaysian Highway Authority, according to a Tuesday filing to the Bursa Malaysia.The high court found that the company had received excess compensation than it was entitled to for the seven plots of land acquired for the West Coast Expressway.The amount will have to be refunded by the company to the Malaysian highway body within three months.The company's shares were up over 1% in recent trade.
SD Guthrie (KLSE:SDG) and Sime Darby Property (KLSE:SIMEPROP) will pay about 798.3 million ringgit to acquire land for a planned industrial and logistics corridor in Kuala Selangor, according to a Wednesday disclosure.The companies formalized a proposed acquisition of about 1,021.9 acres within the Bukit Kerayong Estate in Kapar, which will serve as the site of the joint development.The parties each hold a 50% stake in the joint venture and have committed to invest up to 100 million ringgit each.
Malaysian shares ended in the green on Monday, extending Friday's gains. The investors remained upbeat, bucking a downbeat regional trend.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 6.95 points to end 0.4% higher at 1,698.44.In corporate news, Low-cost airline AirAsia X (KLSE:AAX) changed its name to AirAsia Group, effective July 14. Meanwhile, the company's ordinary shares moved to the stock short name AAGB from AAX. Shares slid about 2% on Monday's close.Lim Seong Hai Capital's (KLSE:LSH) subsidiary, Astana Setia Development, signed a sale and development agreement with Railway Assets for two land parcels in Subang Jaya, Malaysia. Shares slid over 1% on today's close.Sime Darby Property's (KLSE:SIMEPROP) subsidiary, SDP Klang, had a 78.6 million ringgit compensation award set aside by the Shah Alam High Court on July 10, following an objection by highway authority Lembaga Lebuhraya Malaysia. The original 2015 compensation package for the compulsory acquisition of land for the West Coast Expressway totaled 169.3 million ringgit.
Sime Darby Property's (KLSE:SIMEPROP) subsidiary, SDP Klang, had a 78.6 million ringgit compensation award set aside by the Shah Alam High Court on July 10, following an objection by highway authority Lembaga Lebuhraya Malaysia.The original 2015 compensation package for the compulsory acquisition of land for the West Coast Expressway totaled 169.3 million ringgit.The court only struck down the "severance and injurious affection" component of the award, according to a Monday filing with Bursa Malaysia.The remaining 90.7 million ringgit for the market value of the acquired land is not impacted by the ruling.A further hearing has been scheduled for July 20 to determine other matters, including legal costs.The property developer said it is evaluating the decision and exploring available legal avenues.
Sime Darby Property (KLSE:SIMEPROP) has an average rating of buy and mean price target of 1.91 baht, according to analysts polled by FactSet.
