Sime Darby Property up 5% in active trade on household rooftop solar initiative
Sime Darby Property Bhd saw its counter rise to its highest since March 2022, and was actively traded on Monday morning (July 31).
Ivory Properties' auditor flags group's ability to operate as going concern
Ivory Properties Group Bhd's external auditor Messrs UHY has flagged a material uncertainty that may cast significant doubt on the Penang-based property developer’s ability to continue as a going concern.
Vizione's quarterly loss widens on impairment of financial assets, higher finance cost
Construction outfit Vizione Holdings Bhd has reported a net loss of RM58.86 million for the sixth quarter ended May 31, 2023 (6QFY2023) on revenue of RM58.48 million.
MRT Corp teams up with HK's MTR Corp to undertake 'rail plus property' model development near RTS Link station in JB
Mass Rapid Transit Corp Sdn Bhd (MRT Corp) on Friday (July 28) inked a memorandum of understanding with Hong Kong's public transport operator and property developer MTR Corp Ltd to undertake a mixed development project on a land adjacent to the Rapid Transit System (RTS) Link's Bukit Chagar station in Johor Bahru.
PNSB, MGB break ground on IBS-built Rumah Idaman Cahaya, launches Rumah Idaman Sari
Permodalan Negeri Selangor Bhd (PNSB) and MGB Bhd on Friday (July 28) announced the commencement of construction for the Industrialised Building System (IBS) high-rise apartment Rumah Idaman Cahaya in Cahaya Alam, Shah Alam.
Bina Puri JV gets RM72.85 mil sub-contract from Public Works Department
Bina Puri Holdings Bhd’s joint venture company has secured a sub-contract worth RM72.85 million under a Public Works Department project in Mukah.
CGS-CIMB positive on Sime Darby Property's green energy initiative
CGS-CIMB has maintained its "add" rating of Sime Darby Property Bhd at 59 sen, with an unchanged target price of 73 sen, and said it was positive on the developer's plans to introduce solar solutions for townships by leasing rooftops from homebuyers to instal solar panels, and supply to offtakers.
Pavilion REIT's 2Q net property income up 21%, declares 0.76 sen DPU
Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) rose 21.54% to RM101.01 million, up from RM83.11 million a year ago, on the back of higher revenue.
CGS-CIMB upbeat on construction sector as HSR project gains traction
CGS-CIMB remained upbeat on the construction sector with an “overweight” call as the KL-Singapore High Speed Rail (HSR) project gains traction.
Oriental Interest's 3Q earnings down 42% on higher staff costs
Oriental Interest Bhd (OIB) registered a net profit of RM12.4 million in the third quarter ended May 31, 2023 (3QFY2023), a 42.24% decline from RM21.46 million a year earlier, due to higher staff costs as the group sought further expansion.
