News by EdgeProp.my

Sime Darby Property Bhd’s push to build a larger recurring-income business is beginning to show in its results, with the developer reporting higher contributions from data centres, retail and logistics assets alongside its core property development business.

OSK Property Holdings Bhd said Jaya Grocer will be the anchor tenant at OSK Mori Park in Section 13, Shah Alam, occupying approximately 13,813 sq ft.

Mah Sing Group Bhd is expanding its presence in Ampang with the acquisition of approximately 14.3775 acres of land opposite AEON BiG Ampang for RM186.17 million.

Kuala Lumpur does not need to imagine what a hotter, wetter future looks like. It has already had previews with recent flash floods, heatwaves and a monsoon season that arrives with less predictability each year.

Scanwolf Corp Bhd has further deferred the redemption of an estimated RM7.4 million loan forming part of the consideration for its joint venture (JV) with Ratna Bina Sdn Bhd for a commercial development in Sungai Buloh, Selangor.

Selangor Dredging Bhd (SDB) posted a wider net loss of RM8.25 million for the first quarter ended June 30, 2026 (1QFY2027), compared with RM2.99 million a year earlier, as revenue nearly halved.

Sime Darby Property Bhd’s net profit attributable to shareholders more than doubled to RM322.04 million for the second quarter ended June 30, 2026 (2QFY2026), from RM143.54 million a year earlier.

Bina Darulaman Bhd (BDB) returned to the black in the second quarter ended June 30, 2026 (2QFY2026), as a sharp improvement in its property division helped offset lower contributions from its other operating businesses.

Matrix Concepts Holdings Bhd’s profit attributable to shareholders declined 4.4% to RM60.19 million for the first quarter ended June 30, 2026 (1QFY2027), from RM62.94 million a year earlier, despite an 11% increase in revenue.

Sunway Construction Group Bhd’s (SunCon) net profit attributable to shareholders rose 23.5% to RM103.59 million for the second quarter ended June 30, 2026 (2QFY2026), from RM83.89 million a year earlier, as stronger project margins offset a sharp decline in revenue.