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New Straits Times
10-06-2025
- Business
- New Straits Times
Al-Aqar locks in RM15mil annual rent from new KPJ hospital leases
KUALA LUMPUR: Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar Reit) is set to secure more than RM15 million in annual base rental income through new long-term lease agreements with KPJ Healthcare Bhd. This follows the trust's proposed acquisition of two new buildings at KPJ hospitals in Ampang and Penang worth a combined RM241 million. The 15-year leases, covering properties at KPJ Ampang Puteri and KPJ Penang, will commence upon the completion of the RM131 million and RM110 million purchases, respectively. Both properties will be leased back to their current operators under structured contracts that include fixed rental escalations and market-based rent reviews. In a bourse filing today, Al-Aqar Reit said the first-year base rent for the Ampang building is RM8.19 million, while the Penang building will contribute RM6.88 million, totalling RM15.07 million annually. The second and third years will see a two per cent increase each year. From the fourth year onwards, rental will be subject to periodic reviews based on open market value but capped at a maximum annual increment of two per cent. "Any adjustment to the rent shall not be more than two per cent incremental increase over the rent for the preceding year," it said, adding that both lease agreements come with renewal options for another 15 years. Unitholders will vote on the proposals at an extraordinary general meeting scheduled for June 25 in Johor Bahru. If approved, the deal will boost Al-Aqar Reit's recurring income profile without materially affecting its net asset value (NAV) per unit. "The proposed acquisitions are not expected to have a material effect on the NAV per unit of Al-Aqar Reit," it added.
New Straits Times
30-05-2025
- Business
- New Straits Times
AirAsia brand value soars 66pct to RM8bil, now among top 24 global airlines
KUALA LUMPUR: Capital A Bhd's AirAsia has been ranked the 24th most valuable airline brand globally and the seventh most valuable brand in Malaysia, according to the Brand Finance Malaysia 100 2025 report. The group's brand value rose 66 per cent to US$1.93 billion (RM8.19 billion), driven by resurgent passenger demand, strategic route expansions to China and Central Asia and increased frequencies on high-demand routes. "I'm very proud of the results. This recognition reaffirms the resilience and relevance of the AirAsia brand," chief executive officer Tan Sri Tony Fernandes said in a statement. "To be ranked seventh among Malaysia's most valuable brands and 24th globally among airlines is a testament to the hard work of our Allstars and our relentless focus on making travel accessible, affordable and enjoyable for everyone." Brand Finance said Malaysia's top 100 brands collectively grew 16 per cent in 2025, with the airline sector posting an 85 per cent jump in value. AirAsia stood out for its agility in adapting to post-pandemic travel trends and recapturing market momentum. The airline maintained an AAA- brand strength rating and remained among the top 10 strongest brands in Malaysia, supported by high customer advocacy and strong regional brand affinity. Fernandes said AirAsia's broader ecosystem under Capital A, spanning logistics, fintech and digital ventures, remains a core part of its brand strategy and reinforces its role as a key player in Asean's connected economy. "As we grow beyond aviation, our focus remains on delivering value, innovation and connectivity to all our stakeholders across the region," he added.
New Straits Times
30-05-2025
- Business
- New Straits Times
AirAsia brand value jumps 66pct to RM8bil, ranked among top 24 global airlines
KUALA LUMPUR: Capital A Bhd's AirAsia has been ranked the 24th most valuable airline brand globally and the seventh most valuable brand in Malaysia, according to the Brand Finance Malaysia 100 2025 report. The group's brand value rose 66 per cent to US$1.93 billion (RM8.19 billion), driven by resurgent passenger demand, strategic route expansions to China and Central Asia and increased frequencies on high-demand routes. "I'm very proud of the results. This recognition reaffirms the resilience and relevance of the AirAsia brand," chief executive officer Tan Sri Tony Fernandes said in a statement. "To be ranked seventh among Malaysia's most valuable brands and 24th globally among airlines is a testament to the hard work of our Allstars and our relentless focus on making travel accessible, affordable and enjoyable for everyone." Brand Finance said Malaysia's top 100 brands collectively grew 16 per cent in 2025, with the airline sector posting an 85 per cent jump in value. AirAsia stood out for its agility in adapting to post-pandemic travel trends and recapturing market momentum. The airline maintained an AAA- brand strength rating and remained among the top 10 strongest brands in Malaysia, supported by high customer advocacy and strong regional brand affinity. Fernandes said AirAsia's broader ecosystem under Capital A, spanning logistics, fintech and digital ventures, remains a core part of its brand strategy and reinforces its role as a key player in Asean's connected economy. "As we grow beyond aviation, our focus remains on delivering value, innovation and connectivity to all our stakeholders across the region," he added.
