KUALA LUMPUR (Dec 4): CGS-CIMB has kept its “hold” call with a raised the sum-of-parts-based (SOP) target price of RM1.43 on MKH Bhd, after the group’s fourth quarter ended Sept 30, 2023(4QFY23) missed expectations. Additionally, on anticipation of higher production costs for its plantation segment, the research firm’s reduced its FY2024 and FY2025 earnings per…
Read MoreKUALA LUMPUR (Dec 4): S P Setia scored double wins at MIP MyPLACE Awards 2023 with its Setia Bayuemas Lake Park and Setia EcoHill 2’s South Creek Park projects. Setia Bayuemas Lake Park took the Emerald Winner in Category 3: Community and Neighbourhood Park (Subcategory 2: Private sector) while South Creek Park, located in Setia…
Read MoreKUALA LUMPUR (Dec 1): Property developer Avaland Bhd (formerly known as MCT Bhd) has redesignated its non-independent non-executive director Apollo Bello Tanco as the group’s executive director (ED) and chief executive officer effective Jan 1, 2024. He succeeded Teh Heng Chong, who has resigned to pursue his personal interest. Teh was appointed to the board…
Read MoreKUALA LUMPUR (Dec 1): DutaLand Bhd has appointed the 13th chief justice of Malaysia, Tun Ariffin Zakaria as its new chairman, effective immediately. Ariffin was chief justice from Sept 2011 to March 2017. In a local exchange filing on Friday, the property developer said Ariffin will be replacing Tengku Datuk Seri Ahmad Shah Ibni Almarhum…
Read MoreKUALA LUMPUR (Dec 1): Country Heights Holdings Bhd has appointed its deputy managing director Dr Ricky Yip Chun Mun as the new acting MD effective Friday (Dec 1). The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property…
Read MoreKUALA LUMPUR (Nov 30): Ekovest Bhd’s net profit soared to RM3.08 million in its first financial quarter ended Sept 30, 2023 (1QFY2024) from RM182,000 a year ago, thanks to improved results from its construction operations. The group’s quarterly revenue, however, dropped by 15.8% to RM271.9 million from RM322.9 million previously, according to its filing with…
Read MoreKUALA LUMPUR (Nov 30): IJM Corp Bhd’s net profit for the second quarter ended Sept 30, 2023 (2QFY2024) surged over threefold to RM93.69 million from RM27.03 million a year earlier, carried by strong showings from its property development and infrastructure segments. Earnings per share climbed to 2.67 sen from 0.77 sen, according to the group’s…
Read MoreKUALA LUMPUR (Dec 1): YY Lau is set to retire as chairperson of JLL Property Services (Malaysia) Sdn Bhd effective Dec 31, 2023. JLL also announced in a media release on Lau’s retirement that the firm “will enter a new strategic partnership with Appraisal Malaysia, a domestic real estate firm with over 50 years of…
Read MoreTech Realtors Properties Sdn Bhd Senior REN Adam Wong Chun Yian “In my opinion, I believe that more people will continue to choose to buy property rather than rent. This inclination is rooted in our cultural and societal perspectives. In our culture, there’s a belief that a house holds immense significance in one’s life, with…
Read MoreKUALA LUMPUR (Nov 29): Rapid KL has denied a viral post that there was an explosion or fire involving a Mass Rail Transit (MRT) train along the Kajang route this afternoon. Rapid KL in a statement on Wednesday informed that the incident only involved the sound of a spark from train number ‘28’ which was…
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