News by Syafiqah Salim

In a trading stocks note today, the research house said if the bullish momentum persists above that level, the stock may climb towards the next resistance level of 56 sen, followed by 59 sen.

NWP Resources had defaulted on payment of outstanding rentals from October 2021 to February 2022, as well as service charges and default interest totaling RM2.6 million for the premise in Block A, Desa Commercial Centre, on Feb 8. 

The group, through its 80%-owned subsidiary NS Aero City Sdn Bhd, signed the MoC with Sun Solutino, which is principally involved in the generation of electricity by other sources (such as solar power and biofuels) with transmission, distribution and sale of electricity as its secondary activity.

In contrast, its quarterly revenue slipped 4.98% to RM124.28 million from RM130.79 million on a year-on-year (y-o-y) basis mainly due to lower occupancy rates because of non-renewal of expired tenancies and some tenants deferring their rent commencement dates.

In a bourse filing, Haily said its wholly-owned Haily Construction Sdn Bhd has accepted the letter of award for the new job from DP Architects Sdn Bhd on behalf of Country View Bhd's unit Country View Resources Sdn Bhd to build phase one of a tourist strata development located in Aurora Sentral, Pulai.

The property development arm of the Hong Leong Group posted earnings per share of 0.56 sen compared with earnings per loss of 1.7 sen previously.

This will allow construction work on Section C2 — which starts in Gombak and passes through Serendah, Puncak Alam and Kapar before ending in Port Klang — to begin in the first quarter of 2022.

Currently, KIESB holds ownership of an industrial land located in Kapar, Klang measuring 18,364 square metres.

With the approval, HIL Industries will partner Unik Sejati Sdn Bhd, Pembinaan Kesentosaan Sdn Bhd and Amverton Carey Golf & Island Resort Sdn Bhd to develop residential developments with an estimated gross development value (GDV) of RM471.1 million on 40.9 hectares land in Selangor.

"Setia City Healthcare is incorporated under the Companies Act 2016 as a private company limited by shares with an issued and paid-up share capital of RM100 comprising 100 ordinary shares," S P Setia said in a Bursa Malaysia filing on Wednesday.