News by M

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.

Tycoon Tan Sri Lim Kang Hoo wants to group the various but similar business segments of his stable of companies under an enlarged Ekovest Bhd to streamline and rationalise the businesses and assets, consolidate his direct shareholding in the companies and avoid potential conflict of interests.

Gamuda Bhd’s annual net profit crossed the RM1 billion mark for the financial year ended July 31, 2023 (FY2023) after it posted a 128.03% increase to RM1.84 billion from RM806.23 million in the previous year (FY2022), largely fuelled by gains on the divestment of its highways.

Perak State Development Corp (PKNP) has decided to transfer its rights in a 100-acre piece of leasehold agriculture land in Temelong, Perak to Practice Note 17 (PN17) company Perak Corp Bhd’s indirect 89.54%-owned subsidiary Casuarina Meru Sdn Bhd (CMSB).

Berjaya Land Bhd (BLand) has rectified its public shareholding spread in accordance with Bursa Malaysia’s approved minimum requirement of 20%, ahead of its Sept 30 deadline.

TWL Holdings Bhd has proposed to undertake a private placement of up to 10% of its issued shares to raise up to RM23.51 million, mainly to fund the group’s development costs of 715 units of affordable housing under the Rumah Selangorku scheme.