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The Johor-theme, driven by catalytic developments and the state’s longer-term growth plans, continues with attention turning to low-profile property developer Crescendo Corp Bhd.
theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon break on Thursday. Four stocks displayed negative momentum, while three stocks displayed positive momentum.
PETALING JAYA: More developers are turning optimistic on the local property market amid positive news flow on potential infrastructure projects, active land transactions and influx of investments.
KUALA LUMPUR (April 5): theedgemalaysia.com highlighted four stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.
The stocks with positive momentum were:
KSL Holdings Bhd — up 11 sen or 6.59% ...
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.
KUALA LUMPUR: Several companies made headlines yesterday following the announcement of corporate developments including Axiata, Crescendo, MN Holdings and Sapura Energy, said Apex Securities Research.
Crescendo Corp Bhd’s wholly-owned subsidiary, Panoramic Industrial Development Sdn Bhd, has agreed to sell 102,558 sq m of freehold industrial land in Pulai, Johor Baru to Microsoft Payments (M) Sdn Bhd for RM132.47mil or RM120 per sq ft.