First phase of IJM Land’s Nexus in Seremban 2 township 80% taken up
The first phase of IJM Land Bhd’s Nexus, which comprises 166 shop offices in the 2,300-acre Seremban 2 township, has been 80% taken up since its launch on July 22.
Inta Bina unit clinches RM206m contract from Southville City
Construction outfit Inta Bina Group Bhd’s unit has clinched a contract from Southville City Sdn Bhd for related works at Phase 1 and 2 of SouthvilleCity-M Sinar for RM206 million — an amount that is almost double its market capitalisation.
Mah Sing says purchase price of two Puchong plots have been lowered by 8.8% to RM78.28m
Mah Sing Group Bhd said the purchase price of two parcels of land in Puchong Perdana it is acquiring from Millennium Acres Sdn Bhd has been lowered by 8.83% or RM7.58 million.
UEM Sunrise unit buys 1.22-acre Perth land for RM66m to build apartments
The upcoming mixed-use residential precinct will comprise the delivery of dual towers featuring approximately 430 apartments across both plots of land, alongside 12% affordable housing, though these are subject to development approval with further details to be determined.
KLCCP Stapled's 2H earnings to be driven by robust office occupancies, sales, tourist arrivals — analysts
After the group's results for 1HFY2023 came in within expectations, Kenanga Research expects the earnings pattern seen during the period to continue holding up in the coming quarters.
Malayan Cement a key beneficiary of HSR and MRT3, says CGS-CIMB
The research house has maintained its “add” rating on Malayan Cement at RM3.25 with a higher target price of RM5.55 (from RM5.08) and raised the company’s earnings per share by 4% for the financial year 2023 (FY2023), by 32% for FY2024 and by 29% for FY2025.
KLCCP Stapled's 2Q net profit up 9.5%, declares 8.8 sen dividend
The group saw quarterly revenue grow 12.65% to RM394.63 million from RM350.31 million on the back of improved performance across all business segments.
Country Heights defaults on RM181m payment for Islamic financing facilities
The default by the group's indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd and Mines International Exhibition Centre Sdn Bhd, were in respect of a charge created as security for the financing facilities.
Sunway buys out its JV partner in Sunway City Iskandar Puteri development for RM85m
Sunway said that the proposed acquisition and proposed subscription will be satisfied by cash from internally generated funds.
RHB keeps ‘overweight’ on construction sector on status quo after state polls
RHB Research maintained its "overweight" rating of the construction sector, after the outcome of the state polls on Saturday (Aug 12) maintained the status quo for the state governments, and removed the political overhang over the sector.
