<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 2): Foreign investors net bought RM1.50 billion in Malaysian equities last week, marking the highest weekly net buying since March 18, 2016, according to MIDF Research.</p></div>

<div class=newsTextDataWrapInner><p>The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Conversely, they net sold in technology (-RM60.4 million), transportation and logistics (-RM57.2 million), and industrial products and services (-RM41.0 million).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, local institutions recorded net selling of RM1.26 billion, the highest since March 4, 2022.</p></div>

<div class="mt-4 embed-right"><a class="mobx embedimg-icon imgw-300" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pics/2024/20240902MIDF.png"><img alt="" src="https://assets.theedgemarkets.com/pics/2024/20240902MIDF.png" /></a></div>

<div class=newsTextDataWrapInner><p>They net bought RM13.9 million last Monday but shifted to net selling last Tuesday to Friday. Local retailers also net sold for the second week in a row, with a total of RM245.4 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>They only net bought RM26.3 million last Thursday, and were net sellers for the rest of the week.</p></div>

<div class=newsTextDataWrapInner><p>The average daily trading volume increased by 49.9% among foreign investors, while it declined by 0.4% among local institutions and 2.8% among local retailers.</p></div>


Foreign investors net bought RM1.50 billion in Malaysian equities last week, marking the highest weekly net buying since March 18, 2016, according to MIDF Research.

Foreign investors net bought RM1.5b in equities last week, highest since March 2016

Note from the publisher: Raising the bar for real estate excellence

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

TEPEA commentary: Malaysia’s best of the best

After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.

Top Property Developers Awards judges’ comments

The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.

The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

When Covid-19 struck in late 2019 and early 2020, the local building and construction industry was in a quandary, grappling with the rising cost of doing business and burdened by escalating land and construction material prices. Buyers were increasingly cautious and affordability a major issue. Developers were also pressured by high unsold inventories.

The Edge Malaysia-PEPS Value Creation Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Affordable Urban Housing Excellence Award was launched 10 years ago to recognise outstanding, affordably priced urban homes. Through the award, we are encouraging developers to build outside the box.

The Edge Malaysia Affordable Urban Housing Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Property Excellence Awards, introduced in 2010, initially comprised anchor award The Edge Malaysia Top Property Developers Awards, and two other sub-awards, namely The Edge Malaysia-PEPS Value Creation Excellence Award and The Edge Malaysia-PAM Green Excellence Award. They were subsequently expanded to include The Edge Malaysia Affordable Urban Housing Excellence Award, The Edge Malaysia Outstanding Contribution to the Real Estate Industry Award, The Edge Malaysia Outstanding Property CEO Award, The Edge Malaysia Outstanding Property Entrepreneur Award, The Edge Malaysia Outstanding Overseas Project Award and The Edge Malaysia Property Development Excellence Award.

Other awards

The Edge Malaysia Property Excellence Awards (TEPEA) recognises and celebrates the collective success of developers and their contribution to providing a roof over our heads — as a home, workplace and community space.

Crafting the TEPEA commemorative plate

The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.

On a transformation trajectory

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<p>From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.</p>


<p>Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.</p>


<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


<p>After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.</p>


<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

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Taking a balanced approach

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Taking on a nationally significant landmark project

<p>The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.</p>


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