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Matrix Concepts says deferred revenue recognition drags down 3Q net profit to RM43m, will be recouped in coming quarters, declares 1.35 sen dividend

27 February, 2025

Matrix Concepts Holdings Bhd (KL:MATRIX) said on Thursday its net profit was down 24% in the third fiscal quarter from a year earlier on lower revenue and higher indirect expenses.

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UEM Sunrise partners Singapore-listed GuocoLand to develop properties in Iskandar Puteri

27 February, 2025

UEM Sunrise Bhd (KL:UEMS) said on Thursday it will jointly develop some of its land in Iskandar Puteri, Johor, with Singapore-listed GuocoLand Ltd.

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Glomac hands over affordable townhouse development in Bandar Saujana Utama to buyers

27 February, 2025

Glomac Bhd (KL:GLOMAC), via its wholly owned subsidiary Kelana Kuality Sdn Bhd, has handed over vacant possession of Seri Kenanga, a Rumah Selangorku affordable housing project at Saujana Perdana in Bandar Saujana Utama, Selangor.

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ICW and BuildXpo 2025 aims to unite industry leaders, strengthen regional ties

27 February, 2025

The International Construction Week (ICW) and the Malaysia International Building and Construction Industry Exhibition (BuildXpo) 2025 will take place from Oct 28 to 30 at the Malaysia International Trade and Exhibition Centre, Kuala Lumpur.

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Zaliha: Govt studying city congestion charge, report expected by year end

27 February, 2025

The study on implementing a congestion charge in the city centre is expected to be completed by the end of this year and will be submitted to the Cabinet Committee on Road Safety and Traffic Congestion, said Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa.

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Citaglobal’s 4Q net profit soars, declares one sen dividend

27 February, 2025

Citaglobal Bhd’s (KL:CITAGLB) net profit jumped five times to RM6.73 million in its fourth quarter ended Dec 31, 2024 (4QFY2024) from RM1.22 million, driven by strong contributions from the civil engineering & construction (CEC), property and manufacturing segments.

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LRT3 nearing 99% completion, to begin operations on Sept 30 — Loke

27 February, 2025

The Light Rail Transit 3 (LRT3), which connects Bandar Utama, Petaling Jaya to Johan Setia, Klang, is scheduled to begin operations on September 30 this year, said Transport Minister Anthony Loke.

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Axis REIT to declare additional 0.44 sen distribution after RM24.2m warehouse sale

27 February, 2025

Axis Real Estate Investment Trust (KL:AXREIT) is selling a warehouse property in Petaling Jaya, called The Annex, for RM24.2 million.

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Chin Hin Group Property plans first bonus issue in nearly two decades

27 February, 2025

Chin Hin Group Property Bhd (KL:CHGP) is planning a bonus share issue, its first in nearly two decades, despite a sharp drop in net profit in the final quarter of 2024.

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Malaysia's property transaction value hits decade-high in 2024, overhang situation improves

26 February, 2025

Malaysia’s property transaction value surged 18% to RM232.30 billion in 2024, the highest annual figure in a decade, latest data from the Valuation and Property Services Department showed.

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