• Widad sells Damansara Heights building at a loss for RM41.5mil
  • MKH unit to acquire Selangor land for RM42.21mil
  • PublicInvest deems EcoWorld Malaysia’s RM572.8mil land deal in Negri Sembilan fairKUALA LUMPUR: Public Investment Bank Bhd (PublicInvest) views Eco World Development Group Bhd’s (EcoWorld Malaysia) RM572.8 million land acquisition in Negri Sembilan as fair, representing about 19.4 per cent of the proposed industrial development’s total gross development value (GDV) of RM2.95 billion. At this juncture, PublicInvest said there are no changes to its earnings estimates for EcoWorld Malaysia, pending further details on the project’s official launch. The research house has maintained a Neutral rating on the stock, with a target price of RM1.90, reflecting a 10 per cent premium to book value. This outlook is supported by the developer’s track record of consistent profitability and attractive dividend yield. EcoWorld Malaysia has officially entered into a joint venture with SD Guthrie Bhd and Negri Sembilan’s state investment arm, NS Corporation, following the signing of a formal agreement last Friday. This move formalises the memorandum of understanding announced in late 2024.
  • IWG to open premium Signature offices at Merdeka 118 in 3Q2025
  • Astino to buy 21-acre land in Penang for RM30.41m
  • Binastra wins RM458.5m contracts for JB high-rise projects