Cahya Mata Sarawak Bhd (KL:CMSB) fell to a two-month low on Thursday, after the construction materials company reported a weaker-than-expected second quarter.

Reclamation works on Silicon Island have passed the 80-hectare mark, marking steady progress for the largest land reclamation project in Penang to date.

Sabah-based property developer KTI Landmark Bhd (KL:KTI) will build a RM107 million cultural complex on 58 acres of land in Kinarut, Sabah through a land swap with the state government.

Parkson Holdings Bhd (KL:PARKSON) said that its 54.97%-owned Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRG) has inked a 20-year agreement to lease 4,801 sq m of commercial space in Mianyang City in China’s Sichuan province.

Setia Federal Hill, developed by S P Setia Bhd, is a freehold serviced residence located in the heart of Kuala Lumpur. 

Paramount Corp Bhd (KL:PARAMON) has lowered its full-year sales target and scaled back its planned project launches, in a move reflecting the moderating economic outlook and persistent property market challenges, as its second-quarter net profit fell 10.15% year on year.

Berjaya Assets Bhd (KL:BJASSET), the developer of Times Square, said on Wednesday it narrowed net loss for the fourth quarter with accounting gains and revenue growth.

Property developer MB World Group Bhd, which was once a publicly listed entity, on Wednesday launched its 732-acre MBW Innexus Industrial City development in Tanjung Langsat, Johor Bahru, Johor.

Avaland Bhd (KL:AVALAND) expects stronger earnings in the coming months from its newly-launched developments after a weaker second quarter.

Eco World Development Group Bhd’s (KL:ECOWLD) wholly owned subsidiary, Eco World Perpetual Capital Bhd, has established a rated perpetual sukuk wakalah programme with a nominal value of RM2 billion.