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AmInvest Research netural on property sector but Sunway top pick

AmInvest Research netural on property sector but Sunway top pick
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Tenaga Nasional, Sasbadi, Sunway, MPHB Capital, PPB Group and Lotte Chemical

KUALA LUMPUR (March 4): Based on corporate announcements and news flow today, companies in focus on Friday (March 5) may include: Tenaga Nasional Bhd, Sasbadi Holdings Bhd, Sunway Bhd, MPHB Capital Bhd, PPB Group Bhd and Lotte Chemical Titan Holdings Bhd.
Tenaga Nasional Bhd wholly-owned subsidiary TNB Renewables Sdn Bhd will buy a 39% stake in a 21.6MW project comprising five rooftop solar power plants in Vietnam from Singapore s Sunseap Group in an acquisition, which will serve as a beachhead for TNB to establish a local presence in Vietnam and expand into the rapidly growing renewable energy (RE) and utility market there. TNB president and CEO Datuk Baharin Din said the acquisition builds on TNB s earlier Malaysia-Singapore cross-border collaboration with Sunseap and demonstrates the utility s commitment to transforming TNB into a regional RE and utility player. TNB s statement, however, did not specify the acquisition price for the 39% stake in the 21.6MW project and ....

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Sunway Property is all set to develop Sunway Velocity TWO

MASTER community developer Sunway Property recently unveiled the highly anticipated final residential phase of Sunway Velocity TWO, Tower C.
The development located a mere 3.8km from Kuala Lumpur City Centre comprises three plots, which are linked to the high demand Sunway Velocity development.
Plot A has two residential towers (Tower A and B), an office tower and retail units.
Plot B has two residential blocks and retail units while Plot C is a commercial component.
First launched in 2018, Sunway Velocity TWO’s Towers A and B were fully sold out in less than a year, and are planned for vacant possession in 2022. ....

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