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Crescendo Corp Bhd's shares surged to a record high on Friday following the announcement of the Johor-based property developer’s latest land disposal plan.
Crescendo Corp Bhd has announced the disposal of a piece of vacant freehold land measuring 1.1 million sq ft in Pulai, Johor for RM132.47 million, or RM120 per sq ft.
KUALA LUMPUR: Companies making headlines recently include Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield, said Apex Securities Research.
KUALA LUMPUR (March 26): Here is brief recap of some business news and corporate announcements that made headlines on Tuesday:
Yinson Holdings Bhd’s major shareholder has triggered an unconditional mandatory takeover offer to acquire the remaining shares it does not own...
Kim Loong Resources Bhd is targeting to achieve at least 5% higher fresh fruit bunch (FFB) production for the current financial year ending Jan 31, 2025 (FY25).
Plantation firm Kim Loong Resources Bhd’s net profit for the fourth quarter ended Jan 31, 2024 (4QFY2024) fell 32.09% to RM24.87 million, from RM36.61 million a year ago, on weaker palm oil prices.
Malaysia will kick off a busy week of events with the Securities Commission Malaysia (SC) releasing its Annual Report 2023 on Monday. The annual report will provide a comprehensive review of the Malaysian capital market for 2023 and outline strategic priorities for the SC and the overall capital market for 2024.
Apex Securities has kept its "neutral" call on the plantation sector as the market is believed to have factored in the recovery of crude palm oil (CPO) prices to around the RM4,000 per tonne projected by the research house.
Kim Loong Resources Bhd’s (KLR) fresh fruit bunch (FFB) production yields are expected to remain strong on a good mix in the age of its oil palm trees.
theedgemalaysia.com highlighted three stocks with positive momentum and 11 stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.
Apex Securities has initiated coverage on Kim Loong Resources Bhd with a “hold” call and a target price (TP) of RM1.84, premised on Kim Loong’s resilience during challenging times. The TP is based on a 14.2 times price-earnings ratio (PE).