News by EdgeProp.my

Mah Sing Group Bhd reported a resilient start to 2026, backed by a strong cash position of about RM1 billion and steady sales momentum, while delivering its highest dividend payout ratio in more than 20 years.

IJM Corp Bhd closed its financial year ended March 31, 2026 (FY2026) with higher revenue and a stronger construction and industry pipeline, even as sizeable non‑cash items dragged its fourth‑quarter bottom line into the red. 

Eversendai Corp Bhd has secured four engineering and construction contracts in Singapore and India worth about RM400 million, lifting its outstanding order book to around RM2.6 billion.

Tropicana Corp Bhd’s revenue for the first quarter ended March 31, 2026 (1QFY2026) rose 20.5% to RM313.7 million from RM260.4 million a year earlier, driven by higher progress billings from key projects nearing completion in the Klang Valley and northern region.

Property and construction group ETA Group Bhd, formerly known as Rex Industry Bhd, is proceeding with the proposed acquisition of a freehold industrial property in Bandar Sri Damansara, Selangor, for RM16.5 million in cash.

Kuala Lumpur’s luxury hotel segment recorded transaction volumes of about RM660 million between 2023 and 2025, a 14% increase from the equivalent three-year period before the Covid-19 pandemic, as investor appetite for premium hospitality assets continued to strengthen, according to JLL.

Lim Seong Hai Capital Bhd (LSH Capital) has accepted a letter of offer from Perbadanan Aset Keretapi (RAC) for the proposed development of two land parcels in Selangor measuring a combined 17.4 acres. 

Matrix Concepts Holdings Bhd’s net profit for the financial year ended March 31, 2026 (FY2026) inched up 3.9% to RM223.26 million from RM214.85 million a year earlier, as higher development revenue was partially offset by margin compression and higher tax expenses.

JAKS Resources Bhd started its financial year ending Dec 31, 2026 with higher contributions from its Vietnam power joint venture (JV) cushioning weaker results from property investment and construction-related activities.

LBS Bina Group Bhd opened its financial year ending Dec 31, 2026 with a steady first quarter, supported by its Klang Valley township projects and a sharper turnaround in construction and trading.