MCT broadens land bank with RM31.5 mil acquisition in Bangi
MCT Bhd has entered into an agreement to acquire 4.02 acres of leasehold commercial land in Bangi, Selangor for a total purchase consideration of RM31.5 million.
Lagenda Properties 2Q net profit rises 17% on marketing-induced increased sales
Lagenda Properties Bhd’s net profit rose 17.38% to RM50.38 million for the second quarter ended June 30, 2022 (2QFY22), from RM42.92 million a year earlier, due to an increase in its confirmed sales as a result of effective marketing strategies.
JLand launches new logo and brand
Johor Land Bhd (JLand) on Monday (Aug 22) unveiled a new logo and brand proposition of "Enhancing Wellbeing, Enriching Community" to signify its next phase of expansion plans in the property industry.
UDA Holdings purchases RM295 mil hotel building in Bukit Bintang City Centre
UDA Holdings Bhd has inked a sale and purchase agreement (SPA) with BBCC Development Sdn Bhd to purchase a hotel building here in Bukit Bintang City Centre (BBCC).
Malaysia’s office sector to continue to improve this year
Knight Frank Malaysia reported that the country's office sector will continue to improve this year due to the uptick in economic activities and improved business sentiments, following the country’s transition to the endemic phase.
LBS Bina 2Q profit surges on strong showing by property development segment
LBS Bina Group Bhd’s second quarter net profit jumped 115.77% to RM35.13 million, from RM16.28 million a year earlier, on the back of its property development segment’s strong showing.
Southern Score to be acquired by G Neptune, pending shareholders' approval
Southern Score Sdn Bhd, a construction management services company, is set to be acquired by G Neptune Bhd as part of the latter's proposed regularisation plan.
Strong take-up for Mah Sing’s landed homes in Selangor, Phase 3 to be unveiled soon
All 262 units of double-storey terrace homes under Phase 1 (Camellia) of Mah Sing Group Bhd's M Senyum project have been fully taken up in less than two months since its May 2022 launch.
HLIB downgrades Sentral REIT, lowers target price to 91 sen
Hong Leong IB (HLIB) Research has downgraded Sentral REIT to “hold” at RM1.01 with a lower target price (TP) of 91 sen (from 99 sen) and said Sentral REIT recorded 2QFY22 core net profit of RM18.5 million (-9.4% q-o-q; -2.3% y-o-y) and 1HFY22 core net profit of RM38.8 million (-2% y-o-y).
Kerjaya Prospek declares one sen dividend as 2Q earnings grow 78% to RM28.5m
Kerjaya Prospek Group Bhd's net profit grew 78% year-on-year (y-o-y) to RM28.54 million for the second quarter ended June 30, 2022 (2QFY22), from RM16 million previously, as revenue strengthened amid improved progress of construction work activities.
