BIMB Securities says SkyWorld set to double earnings; initiates coverage with highest target price, 'buy' call
SkyWorld Development Bhd (KL:SKYWLD) is set to more than double its earnings over the next three years, said BIMB Securities.
F&N to sell PJ property asset for RM180 mil to fund dairy farm business
Fraser & Neave Holdings Bhd (KL:F&N) has proposed to dispose of its half stake in a non-core property asset in Petaling Jaya for about RM180 million to focus on growing its dairy farm business.
LB Aluminium’s 1Q profit jumps 31% on stronger property contributions
LB Aluminium Bhd (KL:LBALUM), which is involved in the aluminium and property development businesses, posted a 30.9% year-on-year increase in first-quarter earnings, lifted by stronger contributions from its property segment on the back of higher sales.
PTT Synergy teams up with Chinese firms to explore RM2b automated warehouse project
The proposed facility with a storage capacity of two million pallet positions is aimed at accelerating the group’s expansion into logistics automation.
No further cuts seen through 2026 as BNM stands pat on OPR
Economists expect Bank Negara Malaysia (BNM) to keep the benchmark interest rate at 2.75%, as resilient domestic demand and easing global trade tensions reduce the likelihood of further cuts this year and in 2026.
Lagenda Properties ceases to be substantial shareholder in Northern Solar
Lagenda Properties Bhd (KL:LAGENDA) has ceased to be a substantial shareholder of Northern Solar Holdings Bhd (KL:NORTHERN), less than seven months after the solar energy firm listed on the ACE Market.
AME Elite 1Q earnings more than double on stronger property, construction segments
AME Elite Consortium Bhd (KL:AME) reported on Thursday that its net profit more than doubled for the first financial quarter, lifted mainly by stronger contributions from its property development and construction segments.
IJM’s 1Q net profit climbs 10%, lifted by construction, industry divisions
IJM Corp Bhd (KL:IJM) posted a 10.04% increase in its first-quarter net profit, underpinned by stronger contributions from its construction and industry divisions.
Construction firm GDB posts record 2Q earnings; targets RM1.8b new bids by 4Q
Net profit for the quarter jumped more than fivefold to RM21.75 million from RM4.16 million a year earlier.
Sime Darby Property says Rehda in talks with govt on tax on construction services
Sime Darby Property Bhd (KL:SIMEPROP) said the Real Estate and Housing Developers' Association (Rehda) is still in talks with authorities on the expansion of the sales and service tax that raised costs for developers.
