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SkyWorld Development is buying a 25.9-acre plot of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development project to build affordable housing in the state
Kenanga downgraded rig operator, Velesto, to “underperform” with a TP of 16 sen a share following its recent share price rally and earnings outlook becoming more uncertain due to the cooling demand for drilling activities ...
Mercury Securities gave Skyworld a target price of RM0.64, based on a forward P/E ratio of 7.2 to 11.5 times and a price-to-book ratio of 0.6 to 0.7 times. Even so, it's still reasonably priced compared to its peers
