Oriental Interest sees 160% rise in 2Q profit, declares special dividend of 20 sen
Earnings per share increased to 4.80 sen from 1.85 sen.
Earnings per share increased to 4.80 sen from 1.85 sen.
Urusharta Jamaah disposed of all 11.35 million shares — representing a 6.84% stake in the construction firm — last Wednesday.
AME Real Estate Investment Trust (KL:AMEREIT) on Wednesday reported a marginal increase in net property income (NPI) for its fourth financial quarter, thanks to contributions from two newly-acquired industrial properties which were, however, offset by higher operating expenses.
The jump was driven by stronger performance from its malls and newly acquired assets — D'Pulze Shopping Centre in Cyberjaya, TF Value in Perak and industrial asset CR35.
CIMB Securities has widened the valuation discount for construction and property group WCT Holdings Bhd (KL:WCT), citing growing uncertainty over its order book.
The stock began slipping thereon, hitting 23.5 sen at 9.10am after more than 11 million shares changed hands.
Housing loan growth in Malaysia slowed year-on-year (y-o-y) to 6.9% in 2024, with owner-occupiers making up the bulk of growth, according to Bank Negara Malaysia (BNM).
Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.
Construction stocks in Malaysia have room to improve from currently unjustified valuations, amid booming data centres and upcoming public projects, analysts said.
Construction and engineering firm Lim Seong Hai Capital Bhd on Friday unveiled the prospectus for its initial public offering (IPO) to raise RM168.08 million as part of its listing transfer from the LEAP Market to the ACE Market.