KUALA LUMPUR (Nov 23): Builder-cum-property developer WCT Holdings Bhd has gone back to the red in the third quarter ended Sept 30, 2023 (3QFY2023) with a net loss of RM13.54 million despite stronger revenue compared to a net profit of RM12.49 million a year ago, due to absence of positive one-off items recognised in the…
Read MoreKUALA LUMPUR (Nov 23): Lembaga Tabung Haji (LTH) has emerged as a substantial shareholder of Seremban-based property developer Matrix Concepts Holdings Bhd with a 5% stake. According to a bourse filing, the pilgrim fund acquired about 17.42 million shares on Monday (Nov 20), bringing its stakeholding to 62.59 million shares, pushing it beyond the 5%…
Read MoreKUALA LUMPUR (Nov 23): Kerjaya Prospek Bhd is demanding RM20 million in termination damages from BCM Holdings Sdn Bhd, a subsidiary of Ecofirst Consolidated Bhd, after BCM suddenly decided not to proceed with the RM404.35 million residential project it awarded to the group in June this year. Kerjaya Prospek said its solicitor has issued a…
Read MoreKUALA LUMPUR (Nov 22): The Tun Razak Exchange (TRX) tunnel will be open to the public on Nov 29 coinciding with the opening of The Exchange TRX mall and the 10-acre rooftop TRX City Park. The five-km underground vehicular tunnel will seamlessly link TRX to a network of 12 major roads and highways including Jalan…
Read MoreKUALA LUMPUR (Nov 22): Widad Group Bhd’s unit has secured a RM116.8 million contract to build Phase 1A of the Tok Bali Industrial Park in Gong Kulim, Kelantan for the East Coast Economic Region Development Council. The contract period spans 156 weeks starting from Dec 4, according to the construction group’s stock exchange filing on…
Read MoreKUALA LUMPUR (Nov 22): Chin Hin Group Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) fell 29.38% to RM11.59 million from RM16.41 million a year ago, due to higher administrative expenses and finance cost. Earnings per share dropped to 0.65 sen from 1.62 sen, the building material distributor’s filing on Wednesday…
Read MoreKUALA LUMPUR (Nov 22): Land & General Bhd (L&G) has appointed a new director to its board while redesignating one of its directors to a senior director. In bourse filings on Wednesday, the property developer said it had appointed Faezali Mustafa R Jumabhoy as an independent non-executive director from Tuesday (Nov 21). According to L&G,…
Read MoreKUALA LUMPUR (Nov 22): SkyWorld Development Bhd has declared its first interim dividend of RM12.5 million or 1.25 sen per share for the second quarter ended Sept 30 (2QFY2024), after posting a net profit of RM19.1 million or 2.53 sen per share. There are no comparative year-on-year figures as SkyWorld was only listed on the…
Read MoreKUALA LUMPUR (Nov 22): China-based Zhejiang UNITY Technology Co Ltd on Wednesday signed a memorandum of understanding (MOU) with NCT Group of Companies to set up its facility in NCT Smart Industrial Park (NSIP) in Sepang, Selangor. According to a statement on Wednesday, NSIP is one of the key developments in the Integrated Development Region…
Read MoreKUALA LUMPUR (Nov 22): MIDF Research has maintained its “buy” rating on Matrix Concepts Holdings Bhd at RM1.60 with an unchanged target price of RM1.86 and said it expects the developer’s 2QFY2024 earnings to be stronger on a yearly basis, due to a pick-up in construction progress at its project sites. In a note on…
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