LBS’ 2Q net profit up 5% on property projects
LBS Bina Group Bhd (KL:LBS) said its second quarter net profit rose 4.9% to RM34.64 million from RM33.01 million a year ago, boosted by contributions from its key property development projects.
Tuju Setia bags RM248m construction job from Sime Darby Property
Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor.
SBC Corporation sells 2.2-acre land for RM37 mil
SBC Corporation Bhad (KL:SBCCORP) said it is selling a 2.2-acre land in Kuala Lumpur for RM36.6 million.
Varia wins construction subcontract worth RM61.5m
Varia Bhd (KL:VARIA) said on Wednesday it had secured a construction subcontract worth RM61.45 million.
LBS Bina’s unit sued for alleged unsettled sum
LBS Bina Group Berhad (KL:LBS) announced that its wholly-owned subsidiary, Gerbang Mekar Sdn Bhd (GMSB) has received and filed a memorandum of appearance at the Kuala Lumpur High Court in respect to a writ and statement of claim amounting to RM43.03 million.
Signature International sells Techpark land for RM25.7 mil
Kitchen cabinet manufacturer Signature International Bhd (KL:SIGN) is selling two parcels of freehold land within an industrial park Techpark @ Enstek Phase 2 in Negeri Sembilan for RM25.7 million cash or RM59 per sq ft.
Mitrajaya wins RM152m construction contract
Construction firm Mitrajaya Holdings Bhd (KL:MITRA) said on Friday it has won a job worth RM151.99 million from the Northern Corridor Implementation Authority.
Sentral REIT’s 1H2024 earnings per unit inch up amid dilution to fund acquisition
Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30% increase in its net property income for the first six months (1HFY2024) to RM76.06 million, from RM58.49 million a year ago, underpinned by stronger contribution from its newly added property Menara CelcomDigi, as well as existing key properties, namely Building 4 and Platinum Sentral.
Property stocks remain in comeback mode
Property stocks, which rallied over past few months, were among the hardest hit counters on Bursa Malaysia in the recent global equity rout as investors rushed to take profits as market sentiment was shaken by external headwinds.
Binastra wins RM160m office construction job in Damansara Perdana
Binastra Corp Bhd (KL:BNASTRA) has bagged a RM160 million contract to demolish and build an office complex in Damansara Perdana from Dynamicz Sdn Bhd.
