News by theedgemalaysia.com

Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).

Ecofirst Consolidated Bhd announced Datuk Teoh Seng Kian as its executive director and said he has ceased to be its alternate director, effective today (Sept 14).

Axbena Sdn Bhd has decided to drop the RM27.7 million lawsuit against Johnson Medical International Sdn Bhd (JMI), an indirect subsidiary of Bintai Kinden Corp Bhd, after the parties involved reached an amicable settlement resulting in the resolution of the dispute.

OSK Property — the property arm of OSK Holdings Bhd — has announced its partnership with RHB Banking Group on Wednesday (Sept 13) to enable its customers to track the progress of their home loan applications and check their home financing eligibility via the RHB MyHome App — a home loan application and tracking system available for iOS and Android mobile devices.

Taking the same stance as most economist, BMI, a Fitch Solutions company, expects Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) on hold at 3% for the rest of the year and through the end of 2024.

Malaysia's residential property overhang recorded an improvement, with a total of 28,286 overhang units worth RM18.3 billion recorded in the first half of 2023 (1H2023), down by 5.3% in volume and 0.6% in value against the same period last year.

Malaysia’s total property transaction value hit RM85.37 billion — up 1.1% year-on-year — with more than 184,000 transactions recorded, in the first half of 2023 (1H2023), according to a report from the National Property Information Centre (Napic).

JL99 Group is planning to launch its latest high-rise residential development named 99 Legend this month. The project is the second phase of the developer's 17-acre JL Legacity development on Jalan Kuching, Kuala Lumpur.

HHRG Bhd — formerly known as Heng Huat Resources Group Bhd — has entered into an agreement with several shareholders of Kulim Property Sdn Bhd (KPSB) to acquire KPSB’s entire equity of 1.18 million shares for RM4.5 million.

Tropicana Corp Bhd is rolling out a 362-acre (146.50-hectare) new township development called Tropicana Alam in Puncak Alam, Selangor. It is also the group’s maiden launch in the area.