KUALA LUMPUR (Nov 24): 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. Earnings per share rose to…
Read MoreIOI Properties’ fall in Q1 revenue was offset by the improved performance in its property investment segment which rose 31%. PETALING JAYA: IOI Properties Group Bhd’s net profit for its first quarter ending June 30, 2023 (Q1 FY2024) plunged 72.7% to RM174.44 million from RM640.29 million a year ago. In its bourse filing today, the…
Read MoreKenanga Research remains cautious over SP Setia’s exposure to high-end residential property, massive debt, and losses in joint venture projects. PETALING JAYA: Kenanga Research has maintained its “underperform” call on SP Setia Bhd as the property developer disappointed by posting a 35.5% drop in net profit for its third quarter ended Sept 30 (Q3 FY2023)…
Read MoreSime Darby Property Bhd is on track to surpass its FY2023 sales target of RM2.7 billion. PETALING JAYA: Sime Darby Property Bhd (SDP) experienced a more than twofold increase in net profit, surging to RM144.92 million in the third quarter ending Sept 30, 2023 (Q3 FY2023), compared to RM56.13 million reported a year ago. Meanwhile,…
Read MoreKUALA 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 24): 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. In a bourse filing on Friday, the 48-year-old Tengku Ibrahim cited “to pursue his personal interests…
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 More
