KUALA LUMPUR (Jan 10): Nestcon Bhd has clinched RM108 million worth of construction works from property developer Exsim Avenue Sdn Bhd for a mixed commercial development project. Nestcon, through its wholly-owned unit Nestcon Builders Sdn Bhd, accepted a letter of award from Exsim Avenue on Wednesday. The work consists of main building works for a…
Read MoreKUALA LUMPUR (Jan 11): Leader Steel Holdings Bhd’s shares opened 11.5% higher on Thursdays morning, following news that it had accepted a notice of award and offer for compensation from the Klang Land Office, invoking a compulsory acquisition for a RM42.56 million piece of land in Klang, Selangor. Leader Steel opened to hit its intra-day…
Read MoreThe contract from Exsim Avenue entails earthworks, piling, main building, and infrastructure works for a 37-storey mixed commercial development. Nestcon Bhd’s construction contract from Exsim Avenue is expected to contribute to its net assets per share, earnings per share, and gearing. (Facebook pic) PETALING JAYA: Nestcon Bhd’s subsidiary, Nestcon Builders Sdn Bhd has secured a…
Read MoreKUALA LUMPUR (Jan 9): The utilisation of Rapid bus and rail services reached an average of 1.05 million passengers a day as of December 2023, according to Transport Minister Anthony Loke Siew Fook. Speaking at a media briefing on Prasarana Malaysia Bhd’s 2023 performance and future plans, Loke said that Rapid Rail services, comprising the…
Read MoreKUALA LUMPUR (Jan 10): PRG Holdings Bhd group executive vice chairman Datuk Lua Choon Hann (pictured) has ceased to be a substantial shareholder of the group after he disposed of another 955,600 shares or a 0.22% stake, between Jan 5 and 9. Lau, who has made been reducing his stake in the group in recent…
Read MoreKUALA LUMPUR (Jan 9): Transport Minister Anthony Loke Siew Fook said Prasarana Malaysia Bhd ought to improve the monitoring of the quality of work done by its contractors to resolve issues of facility malfunctions in railway stations, and blacklist those who underperform. “The monitoring process has to be better. Of course, this is something that…
Read MoreRENTS across Malaysia increased by 5.5% in 2023, according to data from a newly released index. Rents were now 7.4% higher than during the pandemic’s worst phase, suggests the Malaysia Home Rental Index by real estate agent network IQI, a member of Juwai IQI. In the fourth quarter, it said that rents fell by 1.2%…
Read MoreRENTS across Malaysia increased by 5.5% in 2023, according to data from a newly released index. Rents were now 7.4% higher than during the pandemic’s worst phase, suggests the Malaysia Home Rental Index by real estate agent network IQI, a member of Juwai IQI. In the fourth quarter, it said that rents fell by 1.2%…
Read MoreKUALA LUMPUR (Jan 9): Permodalan Nasional Bhd’s (PNB) partnership with impact group Think City saw the second cycle of the Merdeka 118 Community Grants Programme, which kicked off in December 2022, receive a total of 43 applications, of which 11 were shortlisted for in-depth evaluation by the Technical Advisory Panel. In a statement on Tuesday,…
Read MoreKUALA LUMPUR (Jan 9): Hong Leong Investment Bank Research (HLIB) has maintained its “buy” rating on OSK Holdings Bhd, with a higher target price of RM2.04 (from RM1.77) based on a 30% discount to a revised sum of part-derived valuation of RM2.91. In a note on Tuesday, the research house said it anticipates a…
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