News by theedgemalaysia.com

More catalytic developments will likely shift to the vicinity of the Malaysia-Singapore Second Link as there is more land and well-developed infrastructure and connectivity, said RHB Research in a note on Monday (Aug 28).

Berjaya Land Bhd (BLand) returned to the black with a net profit of RM148.8 million for the year ended June 30, 2023 (FY2023) on the back of higher revenue, after three consecutive years of losses.

Kerjaya Prospek Property Bhd's net profit for its first financial quarter ended June 30, 2023 (1QFY2024) was flat at RM21.79 million or 5.89 sen per share, against RM21.72 million or 5.50 sen per share a year ago.

Cagamas Bhd on Friday (Aug 25) signed a memorandum of understanding (MOU) with the Mortgage Refinancing Company of Uzbekistan (UzMRC) to exchange knowledge and experience in developing viable housing finance models for the growth of the secondary mortgage finance market in Uzbekistan.

The Shah Alam High Court has extended Berjaya Corp Bhd (BCorp) founder and adviser Tan Sri Vincent Tan's restraining order against Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor over alleged defamatory remarks the politician made concerning the Selangor Maritime Gateway (SMG) project.

Eco World International Bhd (EWI) was among the five most active counters in the early session on Friday (Aug 25), as it saw 34.15 million shares changing hands, more than 23 times its average trading volume, after declaring its first interim dividend of 33 sen the day prior.

Eco World International Bhd is giving out a RM792 million dividend or 33 sen per share next month, with three of its largest shareholders entitled to nearly 70% or RM550.76 million.

Sunway Bhd’s net profit fell 7.2% to RM149.93 million in the second quarter ended June 30, 2023 (2QFY2023), from RM161.49 million a year earlier, as lower contribution from property investment and other operating income more than offset a rise in revenue.

UOA Development Bhd (UOADev)’s earnings rose 41% to RM63.87 million or 2.65 sen per share in the second quarter ended June 30, 2023, from RM45.3 million or 1.95 sen per share a year ago due to higher other income, including investment income.

Eastern & Oriental Bhd (E&O) posted a net profit of RM32.95 million for the first quarter ended June 30, 2023 (1QFY2024), from a net loss of RM1.65 million a year ago, on the back of improved revenue.