News by M

UEM Sunrise Bhd, through its joint-venture subsidiary Mega Legacy (M) Sdn Bhd (MLMSB), and Melati Ehsan Group signed a Memorandum of Understanding (MOU) with Universiti Malaya’s (UM) Faculty of Science on Tuesday to assess the water quality and heavy metal content of the Kepong Metropolitan Park’s 140.85-acre lake.

Iconic Penang Sdn Bhd, a privately-held company by Penang-based property developer Iconic Group, unveiled the five-star Iconic Marjorie Hotel on Thursday (Sept 28) at Icon City, Bukit Mertajam.

Knusford Bhd’s share price shot up by 18 sen or 25.17% to 89.5 sen in Friday morning trade, its highest since April 21, 2021, after its major shareholder Tan Sri Lim Kang Hoo proposed to combine his stable of companies under an enlarged Ekovest Bhd.

Gamuda Bhd rose as much as 25 sen or 5.8% to RM4.56 in Friday morning trade, hitting a record high after the construction giant's FY2023 net profit more than doubled to RM1.84 billion from RM806.23 million a year earlier, largely fuelled by gains on the divestment of its highways.

The Real Estate and Housing Developers’ Association (REHDA) Malaysia is hoping that Putrajaya will “reintroduce or introduce” incentives that “will allow more Malaysians to buy a house to call their own”.

Prasarana president and group chief executive officer Mohd Azharuddin Mat Sah is of the view that Kuala Lumpur’s transportation ecosystem must be optimised to create a more resilient public transport system.

TA Securities Research has maintained its “buy” rating on Gamuda Bhd at RM4.31 with a higher target price of RM5.19 (from RM5.03) based on sum of parts valuation.

A recent high-profile scandal involving 60 real estate agents suspected to be linked to the sale and rental of properties related to one of Singapore’s biggest money-laundering cases has no doubt rocked the island republic known for its clean governance.

Kerjaya Prospek Group Bhd has secured a contract worth RM203.06 million from Samsung-KP JV — the 30:70 joint venture between Kerjaya Prospek (M) Sdn Bhd and Samsung C&T (KL) Sdn Bhd, to undertake the concrete structure works of Texas Instruments Electronic Malaysia Sdn Bhd's factory in Melaka.

Glomac Bhd's net profit dropped 21.5% for the first quarter ended July 31, 2023 (1QFY2024) on lower contribution from its property development business after the completion of several projects, coupled with a dearth of new launches.