Scientex 1Q net profit up 11% as margin strengthens, flags intense competition
Scientex Bhd (KL:SCIENTX) saw its earnings grow 11% in the recently-ended quarter from a year earlier thanks to cost-cutting efforts and sales of higher-margin products.
Scientex open to East Malaysia expansion in affordable housing push
Plastic manufacturer and property developer Scientex Bhd (KL:SCIENTX) is looking to expand its affordable housing footprint into East Malaysia, particularly Sarawak.
EcoFirst sees boardroom changes with departure of two directors
Property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) announced boardroom changes on Friday with the departure of its non-independent non-executive director Datuk Ng Hock Heng and independent non-executive director Chin Wing Wah.
Kerjaya Prospek exploring JV with KWAP’s property arm for Batu Kawan industrial park
Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is in discussions with the property arm of Retirement Fund Inc (KWAP) for a proposed industrial park development in Batu Kawan, Penang.
E&O may sell its last UK asset, Lincoln Suites, if price is right
Property developer Eastern & Oriental Bhd (KL:E&O) said on Friday it would consider divesting its final UK asset, the 54-unit Lincoln Suites at Princes House near Covent Garden, at the right price.
Crest Builder bags RM299.4 mil Desa ParkCity commercial development job
Crest Builder Holdings Bhd (KL:CRESBLD) has secured a RM299.4 million contract for the construction of a new commercial development in Desa ParkCity, Kuala Lumpur.
MAHB holds aerotrain contractors accountable after repeated service disruptions
Malaysia Airports Holdings Bhd (MAHB) said it is holding its contractors—Alstom and the IJM-Pestech Joint Venture (IPJV)—accountable, following a series of service disruptions involving the newly commissioned aerotrain system at Kuala Lumpur International Airport (KLIA) Terminal 1.
HLIB cuts Pavilion REIT to ‘hold’ as price surpasses target amid lower yield outlook
Hong Leong Investment Bank (HLIB) has downgraded Pavilion Real Estate Investment Trust (KL:PAVREIT) to ‘hold’ given the recent share price rally amid a lower yield outlook.
No change to construction sector SST revenue threshold of RM1.5m, says Ahmad Maslan
The government will maintain the annual revenue threshold for the expanded sales and services tax (SST) on construction services at RM1.5 million, despite industry calls to raise it to RM3 million.
CapitaLand Malaysia Trust raises RM250 mil from placement of new units
CapitaLand Malaysia Trust (KL:CLMT) said on Wednesday it has raised about RM250 million from a private sale of new units.
