Plenty of jobs ahead for Kerjaya Prospek after its first contract win in 2025, analysts say
Up for grabs are the dredging and reclamation works for further phases of Seri Tanjung Pinang 2 in Penang, potentially worth more than RM500 million.
Kerjaya Prospek wins first job in 2025 — RM256m contract in Shah Alam for E&O’s unit
Construction outfit Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake construction works in Elmina West, Shah Alam, Selangor.
Property stocks may see rising valuations as investors watch for recurring income, says RHB IB
Malaysia’s property developers may see their valuations rise further even after 2024’s strong rally, with stocks in the high-risk-high-return sector continuing to perform, said RHB Investment Bank.
Data centre land sales lift Crescendo's 3Q net profit
Crescendo Corporation Bhd (KL:CRESNDO) reported a more than fivefold increase in net profit for its third quarter, driven by data centre land sales in Nusa Cemerlang Industrial Park (NCIP) in Iskandar Puteri, Johor.
Aeon to appeal High Court's ruling in tenancy dispute with Ahmad Zaki's unit
Aeon Co (M) Bhd (KL:AEON) plans to appeal the High Court's ruling that the department store and mall operator had breached a tenancy agreement it had entered into with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB).
Crest Group acquires industrial property in Puchong to house new HQ
Imaging company Crest Group Bhd (KL:CREST), which was listed on the ACE Market two months ago, said it is acquiring an industrial property in Puchong, Selangor for RM16.5 million to establish its new headquarters.
Court rules in favour of Ahmad Zaki’s unit in tenancy dispute with Aeon Co
The High Court has ruled in favour of Ahmad Zaki Resources Bhd's (KL:AZRB) 51%-owned unit, Betanaz Properties Sdn Bhd, in a suit against Aeon Co (M) Bhd (KL:AEON) over a tenancy agreement dispute dating back three years.
BNM plans to abolish flat rate rule on personal financing products to prevent penalising early repayers
The "Rule of 78" calculates a loan's interest for the entire loan term based on the original principal. A borrower thus gets no interest savings even if the loan is paid off earlier than scheduled.
IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash
IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) (KL:IGBCR) is buying two office floors in Menara Southpoint of Mid Valley City from its sponsor and parent company, IGB Bhd (KL:IGB), for RM62.4 million cash. IGB holds 53.84% in IGB Commercial REIT.
IGB pays 12 sen dividend for FY2024, including a five-sen special, as 3Q profit jumps 27%
IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from its retail, commercial and hotel segments.
