News by Halim Yaacob

Sunway Bhd’s first quarter was led by a sharp rebound in property development and resilient construction earnings, with other divisions adding breadth beneath a one-off boost from the listing of its healthcare arm.

Group revenue rose 13.1% to RM278.5 million from RM246.1 million a year earlier.

Revenue declined 4.2% to RM120.61 million from RM125.93 million.

Malaysia's property market entered 2026 in recalibration mode, with Kuala Lumpur's office sector emerging as the clearest sign of recovery, according to data from Bank Negara Malaysia (BNM), the Valuation and Property Services Department (JPPH), and Knight Frank.

A private developer is seeking planning approval for a 61-storey mixed-use development in Bukit Pantai, Kuala Lumpur, in a proposal that would introduce close to 1,500 serviced apartment units into one of the capital's more established urban residential corridors.

Paramount Corp Bhd maintained stable first-quarter earnings for the period ended March 31, 2026, supported by resilient property contributions and a sizeable unbilled sales pipeline, despite lower revenue amid a more measured launch strategy and softer market conditions.

MKH Bhd posted a 58% jump in net profit for its second quarter ended March 31, 2026, despite a sharp decline in revenue, as a one-off disposal gain from its China furniture business offset weaker contributions from its property development and plantation segments.

DRB-HICOM Bhd's property segment recorded a 70.2% decline in revenue to RM13.89 million in the first quarter ended March 31, 2026 (1Q2026), from RM46.64 million a year earlier, due to lower contributions from property development and construction activities.

Chin Hin Group Property Bhd (CHGP) reported a stronger set of results for the first quarter ended March 31, 2026 (1QFY26), underpinned by steady construction progress, disciplined execution and robust operating cash flow generation.

Matrix Concepts Holdings Bhd has sold industrial land within its MVV City development to logistics firm Golog Holdings Sdn Bhd to incorporate cold chain infrastructure into the Malaysia Vision Valley 2.0 (MVV 2.0) corridor, reinforcing the region's emergence as an integrated industrial and logistics hub.