Housing ministry to focus on abandoned housing projects, ready for stakeholder collaboration
The government said it will prioritise addressing the issue of unlicensed abandoned private housing projects, including by collaborating with stakeholders.
MRCB reports 65% drop in 1Q net profit on lower sales, billings
Malaysian Resources Corp Bhd (KL:MRCB) posted a 64.57% year-on-year (y-o-y) drop in its first quarter net profit due to lower sales and billings following the completion of two major projects.
OSK on track to record another year of solid growth, says HLIB
Hong Leong Investment Bank (HLIB) Research has maintained its 'buy' rating for OSK Holdings Bhd (KL:OSK) at RM1.66, with a higher target price of RM2.21 (from RM2.16), and said OSK’s first-quarter core profit after tax and minority interest of RM122.8 million (+26.7% quarter-on-quarter; +6.4% year-on-year) was within house expectations, making up 26.4% of HLIB's full-year forecast.
IOI Properties' 3Q net profit up 91%, boosted by RM211m Johor land sale
IOI Properties Group Bhd’s (KL:IOIPG) net profit for its third quarter ended March 31, 2024 (3QFY2024) rose 90.9% to RM220.21 million from RM115.38 million a year earlier, mainly thanks to the completion of a land sale in Johor
Vizione bags RM750 mil related-party contract for apartment construction job
Vizione Holdings Bhd (KL:VIZIONE), which is valued at RM73.72 million, has secured a RM750 million contract from a company partially owned by its directors for construction works on a mixed development in Gombak, Selangor.
MGB tops out Idaman Melur in Cybersouth
MGB Bhd (KL:MGB), a subsidiary of LBS Bina Group Bhd (KL:LBS), marked the completion of the building structure of Idaman Melur in Cybersouth, Selangor, with a roof-topping ceremony on May 24. The project was completed a month ahead of schedule.
AME Elite’s land sale for data centre to bolster FY2025, says Phillip Capital
Phillip Capital has maintained its 'buy' rating for AME Elite Consortium Bhd (KL:AME) at RM1.71, with a higher target price of RM2.15 (from RM2), and said AME’s results were within both the house and consensus estimates for the financial year ended March 31, 2024 (FY2024).
Mah Sing the latest to jump on data centre bandwagon
Property developer Mah Sing Group Bhd (KL:MAHSING) announced it is setting up a joint venture to develop a data centre in Bangi, Selangor.
S P Setia partners Ant Digital Technologies and JaGaSolution to launch smart community app
S P Setia Bhd (KL:SPSETIA) on Thursday announced a partnership with China’s Ant Digital Technologies and JaGaSolution to establish a smart community app — Setia Go, to enhance property management quality and improve community engagement for its homebuyers.
OSK’s 1Q earnings rise 10% to RM122.93m
OSK Holdings Bhd’s (KL:OSK) net profit for the first quarter ended March 31, 2024 (1QFY2024) rose 10% to RM122.93 million from RM115.09 million, on the back of a 10% rise in revenue to RM367.94 million, versus RM333.20 million.
