#midf

Pavilion REIT maintains a BUY rating with an unchanged target price of RM1.69, driven by a positive near-term outlook following a management meeting. Pavilion KL Mall, contributing 70% to FY24 net property income, remains the key earnings driver with stable growth from mid-single-digit rental reversion, fueled by high footfall and tourist arrivals. Pavilion Bukit Jalil, acquired in June 2023,…

Kuala Lumpur, [19-Feb-2025)] – Deleum Berhad (Deleum) has reinforced its presence in Malaysia’s oil and gas sector with a significant contract win. Its wholly owned subsidiary, Deleum Oilfield Services Sdn Bhd (DOSSB), has received a Letter of Award from PETRONAS Carigali Sdn Bhd (Carigali) for the provision of slickline equipment and services. The contract, set to take effect in April 2025,…

Analysts maintain Westports Holdings Berhad “Neutral” rating with an unchanged target price of RM4.30. The key highlights are: The share price on October 9, 2024, was RM4.20, with an expected total return of +6.8% (2.4% price return and 4.4% dividend yield). Weakness persists in the Asia-Europe transshipment trade due to the Red Sea crisis, showing a -10% decline in container volume in…

AmBank has maintained its BUY rating for Petronas Gas Berhad, citing the company’s resilient performance despite higher operating costs. The bank’s fair value estimate remains at RM19.97 per share, reflecting a price-to-earnings (PE) ratio of 21.5x for FY24F. AmBank highlights Petronas Gas’ stable earnings, supported by regulated business segments, and the attractive dividend yield of 5%-6%.…

Chart-topping Nigerian singer Victor AD has served inspiration with his latest single, “MIDF (Na Money I Dey Find),” on September 22, 2023. The soul-stirring track, written and performed by Victor AD, delivers a message of resilience, hope, and gratitude. The track features production from Kulboy and provides a seamless fusion of Victor AD’s distinctive style with the rich cultural elements of…