LBS Bina unlikely to hit RM1.8 bil full year sales target, declares 2.6 sen special dividend As of Nov 28, the group had registered total property sales of RM1.21 billion, with RM183.5 million in bookings. However, with just one month remaining until the financial year ends Dec 31, 2024, the target is out of reach…
Read MoreThe property developer said the sukuk is being issued in two tranches. KUALA LUMPUR (Nov 28): Eco World Capital Bhd, a wholly owned subsidiary of Eco World Development Group Bhd (KL:ECOWLD), has issued a RM300 million sukuk wakalah. In a filing with Bursa Malaysia on Thursday, the property developer said the sukuk is being issued…
Read MoreKerjaya Prospek shares test eight-year high as investors celebrate dividend surprise Analysts now expect Kerjaya Prospek to dish out a record-high dividend totalling 15 sen per share, following the latest planned distribution of seven sen per share. Year-to-date, the company has declared dividends amounting to 12 sen per share. KUALA LUMPUR (Nov 28): Shares of…
Read MoreChin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions. KUALA LUMPUR (Nov 27): Chin Hin Group Bhd (KL:CHINHIN) more than doubled its net profit for the third quarter thanks to revenue from newly-acquired subsidiaries that significantly boosted its overall gross margin. Net profit for…
Read MoreCitaglobal firms up collaboration to develop eco-friendly industrial park, proposes one-for-five bonus warrants The industrial park is estimated to have a gross development value (GDV) of between RM321 million and RM397 million, according to Citaglobal. KUALA LUMPUR (Nov 28): Citaglobal Bhd (KL:CITAGLB) has firmed up its collaboration with electric vehicle maker Tree Technologies Sdn Bhd…
Read MoreKUALA LUMPUR (Nov 27): The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has urged the government to build more affordable houses priced below RM250,000 for civil servants. Cuepacs president Datuk Dr Adnan Mat said this would assist the group, particularly those with low income, to own their own houses. “Cuepacs…
Read MoreRadium Development partners with GreenRE to introduce sustainable elements to its projects Radium had already achieved provisional GreenRE Gold certification for its R Suites Chancery Residences, Ampang, and Radium Arena, Old Klang Road. In addition, its Radium Adesa, Sungai Besi residential development has obtained a provisional Silver certification. KUALA LUMPUR (Nov 28): Radium Development Bhd…
Read MoreThis follows findings, based on three proceedings conducted by PAC on July 30 and Sept 10, that MARA Inc had made overvalued property purchases in London and Melbourne. KUALA LUMPUR (Nov 26): The Public Accounts Committee (PAC) has recommended that the Rural and Regional Development Ministry (KKDW), Majlis Amanah Rakyat (MARA), MARA Corporation Sdn. Bhd….
Read MoreThe decrease in its profit before tax to RM4.71 million from RM14.17 million in 3QFY2023 was mainly due to land cost adjustment for the Ion Belian Garden project, upon completion of the acquisition of NBGH by the group. KUALA LUMPUR (Nov 26): NCT Alliance Bhd (KL:NCT) saw its net profit for the third quarter ended…
Read MoreBatu Kawan falls into the red as KLK reports record low profit on one-off losses, impairments Excluding the exceptional losses, net profit for 4QFY2024 would be RM286 million, according to KLK. The group said its directors will recommend a final dividend for FY2024 at a later date. It has paid an interim dividend of 20…
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