Sime Darby Property Bhd was actively traded on Monday morning, after its latest quarterly results beat analysts’ expectations, with the management indicating that the group is on track to surpass RM2.7 billion in sales this year.

IOI Properties Group Bhd posted a net profit of RM174.45 million for its first quarter ended Sept 30, 2023 (1QFY2024), down 72.8% from the RM640.29 million it made in the corresponding quarter last year, mainly as the previous year had included a fair value gain on investment property amounting to RM470.41 million, on top of lower revenue.

AEON Co (M) Bhd’s net profit rose 26.54% to RM13.88 million for the third quarter ended Sept 30, 2023 (3QFY2023) from RM10.97 million a year earlier, mainly contributed by a one-off gain on the derecognition of lease of its Kota Bharu land, and reduced operating costs.

ECM Libra Group Bhd is adding to its hospitality assets by acquiring two leasehold properties in the city centre of Liverpool, UK — the Tune Hotel and a ground floor shop with basement — for £4.5 million or about RM26.48 million.

S P Setia is gearing up to launch another collection of freehold double-storey shop offices, Bayu Avenue, in Setia Bayuemas on Nov 25, 2023. This marks the third phase of commercial development within the township.

Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal has stepped down from the position of independent and non-executive chairman of the construction group Kumpulan Jetson Bhd, less than two months after his appointment to the position.

Al-Aqar Healthcare Real Estate Investment Trust’s (Al-Aqar REIT) net income for the third quarter fell marginally to RM17.59 million from RM17.62 million in the same period last year, on lower net rental from its Australia segment due to higher professional fees.

Avaland Bhd  saw its net profits surge to RM17.2 million in the third quarter ended Sept 30, 2023 (3Q2023 from a net profit of RM6.2 million in the previous corresponding quarter, while its revenue in 3Q2023 increased by almost threefold to RM156.2 million from RM56.3 million previously.

Tropicana Foundation, the charity arm of Tropicana Corporation Bhd recently provided support for PAWS Animal Welfare Society in Petaling Jaya and Sai Pandian Children Home in Setia Alam.

YTL Corp Bhd posted its best quarterly net profit since 2006 at RM521.7 million in the quarter ended Sept 30 (1QFY2024), as all business segments' contributions grew save for construction.