Ewein announces boardroom changes, appoints Tay Seng Chew as executive chairman
He replaces Ewe Lay Khim, who is resigning to pursue other business interests and personal commitment.
Fajarbaru forms JV with hostel management company for RM172.4m-GDV labour quarters project
FLM owns a 60% stake in the JV, Fajarbaru Dynamic Development Sdn Bhd (FDD), while CDSB owns the remaining 40%.
Lagenda Properties' net profit falls 34% on lower property development contribution, higher finance costs
Profit before tax of its property development segment dropped 47.9% to RM37 million in 2QFY2023, from RM71.07 million a year ago as revenue for the segment fell 31.4% to RM159.98 million, from RM233.08 million previously.
Zecon managing director Zainal Abidin raises stake in company
Zainal acquired the stake comprising 14.95 million shares on the open market on Aug 18.
Apex Securities starts coverage of Lagenda Properties with fair value of RM1.52
The research house said the demand for affordable housing remains neglected while unsold units in other segments remain high as they exceed affordability levels.
Johor Bahru property prices, rentals catching up with Klang Valley on RTS Link, strong Singapore dollar — RHB IB
Property prices of high-rise projects and rental rates at shopping malls in the Johor Bahru city centre are now close to rates in the Klang Valley, driven by the effect of the Johor Bahru-Singapore Rapid Transit System (RTS) Link and a strong Singapore dollar.
Guocoland 4Q net profit falls 34% on lower contribution from property development segment, pays 2 sen dividend
Property developer GuocoLand (Malaysia) Bhd’s net profit fell 33.6% to RM15.8 million or 2.36 sen per share in its fourth quarter ended June 30, 2023 (4QFY2023) from RM23.79 million or 3.55 sen per share a year earlier, mainly due to lower contribution from its property development division.
Kerjaya Prospek’s 2Q earnings up 10% on record quarterly revenue
Kerjaya Prospek Group Bhd saw a 10.6% increase in net profit to RM31.57 million for its second quarter ended June 31, 2023 (2QFY2023), from RM28.54 million a year earlier, as the construction outfit posted a record quarterly revenue for 2QFY2023.
Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report
Genting Group’s Resorts World Sentosa (RWS) is set to benefit from the return of Chinese travellers, according to industry magazine Inside Asian Gaming (IAG).
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Plenitude buys second hotel in Seoul for RM114 mil
Plenitude Bhd, which owns 10 hospitality assets, is acquiring its second hotel in South Korea for 32 billion won (RM114.3 million), in a bid to expand its footprint there.
