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Ann Joo Resources Bhd (KL:ANNJOO) shares fell to a one-month low on Monday after Southern Steel Bhd (KL:SSTEEL) withdrew from what was its second attempt to sell the capital-intensive Ann Joo Steel Bhd (AJSB).
Last week, Ann Joo Resources Bhd (KL:ANNJOO) announced the termination of the sale of its wholly-owned subsidiary Ann Joo Steel Bhd (AJSB) to Southern Steel Bhd (KL:SSTEEL). Instead, it entered into a deal for the disposal of the same asset to Singapore-based Green Esteel Pte Ltd.
The d...
KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a corner industrial complex on a tract of leasehold land in Shah Alam, Selangor, from Rubicon Assets Sdn Bhd for RM38mil cash.
Property investment does not always mean owning a house, dealing with tenants or taking on a hefty mortgage. Without having to invest a large sum, there is another way to make passive income in property and that is through real estate investment trusts (REITs).
The following is a step-b...
AFTER hitting a year-to-date (YTD) low of 890.79 points on March 24, the Bursa Malaysia REIT Index (KLREIT) has rebounded, climbing 5.36% to 938.53 points on April 22. In contrast, the benchmark FTSE Bursa Malaysia KLCI was little changed during the same period, closing at 1,710.36 on April 22 as...
Axis Real Estate Investment Trust (Axis-REIT) expects to sustain its current performance for the financial year ending Dec 31, 2026, backed by the solid showing of its existing portfolio and ongoing growth strategy.
KUALA LUMPUR: Axis Real Estate Investment Trust (Reit) posted a higher net profit of RM53.21 million in the first quarter of its financial year ended March 31, 2026 (Q1 FY26), compared to RM49.13 million in the same period a year ago.