News by EDGEPROP.MY

Tanco Holdings Bhd is seeking shareholder approval to acquire a 300-acre parcel of land in Port Dickson for RM88.5 million and to provide up to RM250 million in funding and guarantees for the first phase of the proposed Port Dickson Free Zone (PDFZ) development.

Ayer Holdings Bhd (AYER) delivered a strong start to FY2026, with revenue rising 137% year-on-year to RM42.7 million for the first quarter ended March 31, 2026 (1QFY2026), supported by higher contributions from its property development and plantation segments.

YTL Corp Bhd recorded higher revenue for the third quarter ended March 31, 2026 (3QFY2026), supported by stronger contributions from its property, construction and selected infrastructure-related operations, although overall earnings were weighed down by softer performance in several other business segments.

Golden Village Properties (GVP) marked the completion of Residensi Pauh Harmoni with a handover of keys event on April 26 in Seberang Perai Tengah, Penang.

Selangor Dredging Bhd (SDB) maintained a single-tier dividend of 3.0 sen per share and strengthened its cash position, even as earnings were weighed down by the completion of key projects and slower profit recognition from newer launches.

Berjaya Corp Bhd’s (BCorp) property and hospitality segments delivered higher revenue in the third quarter ended March 31, 2026 (3QFY2026), supported by progress billings and stronger occupancy, but weaker contributions from its non-food retail and services businesses saw the group’s net loss widen.

Mah Sing Group Bhd reported a resilient start to 2026, backed by a strong cash position of about RM1 billion and steady sales momentum, while delivering its highest dividend payout ratio in more than 20 years.

IJM Corp Bhd closed its financial year ended March 31, 2026 (FY2026) with higher revenue and a stronger construction and industry pipeline, even as sizeable non‑cash items dragged its fourth‑quarter bottom line into the red. 

Eversendai Corp Bhd has secured four engineering and construction contracts in Singapore and India worth about RM400 million, lifting its outstanding order book to around RM2.6 billion.

Tropicana Corp Bhd’s revenue for the first quarter ended March 31, 2026 (1QFY2026) rose 20.5% to RM313.7 million from RM260.4 million a year earlier, driven by higher progress billings from key projects nearing completion in the Klang Valley and northern region.