Phase 1 of Sime Darby Property’s Suasana Ainsdale project achieves 72% take-up
Phase 1 of Sime Darby Property Bhd's suasana Ainsdale achieved a 72% take-up since its official launch on Sept 23.
UEM Sunrise partners UM to improve water quality of Kepong Metropolitan Park’s lake
UEM Sunrise Bhd, through its joint-venture subsidiary Mega Legacy (M) Sdn Bhd (MLMSB), and Melati Ehsan Group signed a Memorandum of Understanding (MOU) with Universiti Malaya’s (UM) Faculty of Science on Tuesday to assess the water quality and heavy metal content of the Kepong Metropolitan Park’s 140.85-acre lake.
Iconic Group introduces Iconic Marjorie Hotel; signs franchise deal with Marriott International
Iconic Penang Sdn Bhd, a privately-held company by Penang-based property developer Iconic Group, unveiled the five-star Iconic Marjorie Hotel on Thursday (Sept 28) at Icon City, Bukit Mertajam.
Knusford hits two-and-a-half-year high after Lim Kang Hoo proposes consolidation of group biz under Ekovest
Knusford Bhd’s share price shot up by 18 sen or 25.17% to 89.5 sen in Friday morning trade, its highest since April 21, 2021, after its major shareholder Tan Sri Lim Kang Hoo proposed to combine his stable of companies under an enlarged Ekovest Bhd.
Gamuda hits all-time high after posting RM1.84 bil profit in FY2023
Gamuda Bhd rose as much as 25 sen or 5.8% to RM4.56 in Friday morning trade, hitting a record high after the construction giant's FY2023 net profit more than doubled to RM1.84 billion from RM806.23 million a year earlier, largely fuelled by gains on the divestment of its highways.
TA Securities raises target price for Gamuda to RM5.19, ups earnings forecasts for FY2024 and FY2025
TA Securities Research has maintained its “buy” rating on Gamuda Bhd at RM4.31 with a higher target price of RM5.19 (from RM5.03) based on sum of parts valuation.
Kerjaya Prospek bags RM203 mil concrete structure job for Texas Instruments' Melaka factory
Kerjaya Prospek Group Bhd has secured a contract worth RM203.06 million from Samsung-KP JV — the 30:70 joint venture between Kerjaya Prospek (M) Sdn Bhd and Samsung C&T (KL) Sdn Bhd, to undertake the concrete structure works of Texas Instruments Electronic Malaysia Sdn Bhd's factory in Melaka.
Glomac’s 1QFY2024 earnings ease after completion of existing projects without new launches
Glomac Bhd's net profit dropped 21.5% for the first quarter ended July 31, 2023 (1QFY2024) on lower contribution from its property development business after the completion of several projects, coupled with a dearth of new launches.
Lim Kang Hoo proposes consolidation of group businesses under Ekovest
Tycoon Tan Sri Lim Kang Hoo wants to group the various but similar business segments of his stable of companies under an enlarged Ekovest Bhd to streamline and rationalise the businesses and assets, consolidate his direct shareholding in the companies and avoid potential conflict of interests.
Gamuda's FY2023 net profit crosses RM1b on disposal of highways; overseas construction revenue surges fourfold to RM3.5b
Gamuda Bhd’s annual net profit crossed the RM1 billion mark for the financial year ended July 31, 2023 (FY2023) after it posted a 128.03% increase to RM1.84 billion from RM806.23 million in the previous year (FY2022), largely fuelled by gains on the divestment of its highways.
