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.
Puncak Niaga to sell three plots of land in Ijok at a loss for RM306 mil cash
Puncak Niaga Holdings Bhd is selling three parcels of leasehold land in Selangor for RM306.07 million cash, to monetise its assets as part of the group's "broader strategic thrust of sustainable value creation" for its shareholders.
Sunway REIT’s 2Q NPI rises 9%; declares 4.62 sen DPU
Sunway Real Estate Investment Trust (Sunway REIT)’s net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) increased by 8.7% to RM116.18 million from RM106.89 million a year earlier, primarily driven by its hotel, retail, services as well as industrial and other segments.
Perak Corp, private firm ARX-YSC to jointly develop land in Perak four years after JV agreement
Debt-ridden Perak Corp Bhd, a 52.9%-owned subsidiary of the Perak State Development Corp, will jointly develop four pieces of land in Hulu Bernam Timor, Muallim, Perak, with ARX-YSC Sdn Bhd, a private limited company engaged in construction, property consultancy services and real estate activities — nearly four years after the two companies signed a joint venture agreement (JVA).
