S P Setia shares surge on better than expected 4Q earnings
Shares in S P Setia Bhd surged in early trade on Friday, as more analysts turned bullish and saw more upside following the property developer’s above-consensus fourth-quarter earnings.
Crockfords at Resorts World Genting secures 5-star rating for sixth straight year from Forbes Travel Guide
Crockfords at Resorts World Genting (RWG) has once again been awarded the 5-star rating from the Forbes Travel Guide (FTG), marking the hotel's sixth consecutive year of being awarded the recognition, which also sets it apart as the only hotel in Malaysia to be so acknowledged by the guide.
Chin Hin posts sharply higher 4Q net profit on higher contributions by JVs
Home-grown building materials specialist Chin Hin Group Bhd’s fourth quarter net profit increased by more than six times from a year earlier, on the back of higher earnings from its joint ventures (JVs) and associates, as well as a disposal gain of RM9.12 million from its subsidiary.
KPS to dispose of Plaza Perangsang for RM46 mil, proceeds to be used for repayment of borrowings
Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS) is disposing of Plaza Perangsang in Shah Alam, a 36-year old building which the group occupies as its main office, for RM46 million to Perbadanan Kemajuan Negeri Selangor (PKNS).
Tropicana buys RM224 mil Kota Damansara land from PKNS for RM2.8 bil project
Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion.
IGB’s 4QFY2023 net profit swells to RM85.77 mil, lifts annual earnings to record high
IGB Bhd’s net profit jumped to RM85.77 million in its fourth quarter ended Dec 31, 2023 (4QFY2023), over four times the RM18.77 million it made in the same quarter a year ago.
S P Setia records 71% jump in 4Q net profit, full-year sales exceed target
S P Setia Bhd has reported a 71.12% jump in its fourth quarter net profit to RM148.24 million from RM86.63 million a year earlier, helped by higher sales of its properties.
MRCB's 4Q profit jumps to RM80m on disposal gains, from RM13m a year ago
Construction and property development firm Malaysian Resources Corp Bhd (MRCB) said on Thursday its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier, as gains from disposal of two properties offset a decline in revenue.
EcoWorld expands its footprint beyond its townships with Se.duduk D’ Kajang
Eco World Development Group Bhd (EcoWorld) opened its latest sales gallery and the Se.duduk D’ Kajang sales gallery here today. Se.duduk will be the first of EcoWorld’s popular duduk projects to be located outside its established townships.
Kerjaya Prospek's margin squeeze will not last, says chairman
Construction firm Kerjaya Prospek Group Bhd’s net profit margin will likely improve in coming quarters on lower tax and potential writeback in provisions, said its chairman on Thursday.
