Johari (sixth from right) and Tan (fifth from right) with the representatives of strategic and media partners. KUALA LUMPUR: In the dynamic realm of real estate, the relationship between property and furniture is far from incidental – it is intrinsic and symbiotic. From the meticulous staging of homes to the enhancement of interior aesthetics, furniture serves as…
Read MoreKerjaya Prospek Group has declared a fourth interim single-tier dividend of 2 sen per share for the financial year ended Dec 31, 2023, payable on April 5, 2024. PETALING JAYA: Kerjaya Prospek Group Bhd remained optimistic about the construction industry’s post-Covid-19 pandemic growth, despite facing challenges such as increased raw material prices. Non-independent non-executive chairman…
Read MoreHong Kong’s new housing market surged with 28 transactions, up from last week’s average of four to five units. (AP pic) HONG KONG: Hong Kong’s property market immediately celebrated the removal of decade-long curbs with a jump in transactions, property agents said on Thursday, as authorities made a concerted bid to boost the city’s depressed…
Read MoreKUALA LUMPUR (Feb 29): Construction and property development firm Malaysian Resources Corp Bhd (MRCB) said on Thursday its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier, as gains from disposal of two properties offset a decline in revenue. The company booked RM167.2…
Read MoreKUALA LUMPUR (Feb 29): The government plans to set up Bumiputera Land Corporation (Perbadanan Tanah Bumiputera) to preserve land ownership, as part of an effort to strengthen the community, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pictured) said on Thursday. If the lease size exceeds 50 acres (20.23 hectares) for agricultural land or…
Read MoreKUALA LUMPUR (Feb 28): Eversendai Corporation Bhd said it returned to profitability in the fourth quarter ended Dec 31, 2023 (4QFY2023), thanks to the progress of its projects in the Middle East and increased utilisation rates of its fabrication facilities. The group registered a net profit of RM57.85 million, compared to a net loss of…
Read MoreKUALA LUMPUR (Feb 28): Southern Score Builders Bhd, formerly known as G Neptune Bhd, has won a contract amounting to RM618.24 million to construct two blocks of apartment suites in Setapak, Kuala Lumpur. The contract was awarded by property developer Platinum Victory Development Sdn Bhd, said Southern Score in a bourse filing on Wednesday. The…
Read MoreKUALA LUMPUR (Feb 29): Phillip Capital has maintained its “buy” rating on AME Elite Consortium Bhd at RM1.67 with a higher target price (TP) of RM2 (from RM1.96), saying the company’s 9MFY2024 results exceeded both house and consensus estimates. In a note on Thursday, the research house said AME Elite’s stronger earnings were driven by…
Read MoreKUALA LUMPUR (Feb 29): Construction firm Kerjaya Prospek Group Bhd’s net profit margin will likely improve in coming quarters on lower tax and potential writeback in provisions, said its chairman on Thursday. Net profit margin for the fourth quarter ended Dec 31, 2023 (4QFY2023) came in at 7.3% from 10% over the same period a…
Read MoreKUALA LUMPUR (Feb 29): The real estate market is expected to continue to exhibit resilience, with certain segments to demonstrate sustainable growth, global commercial real estate and investment management company JLL said. This positive trend is likely to be supported by stable macroeconomic growth, financial market stability, strong domestic demand, technological advancements and relevant measures…
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