News by M

Scientex Bhd's (KL:SCIENTX) net profit for the third quarter ended April 30, 2024 (3QFY2024) rose 18.9% year-on-year (y-o-y) to RM130.5 million, from RM109.8 million previously, driven by an 11% expansion in revenue.

The High Court here on Friday granted a temporary stay against the Selayang Municipal Council’s (MPS) decision to approve the planning permission of three blocks of 38-storey high-rise condominiums in the Sierramas & Valencia township located in Sungai Buloh, Selangor.

Maybank Investment Bank has maintained its “buy” rating on Gamuda Bhd (KL:GAMUDA) at RM6.44 and adjusted the company's FY2024E earnings by -5%, FY2025E earnings by +2% and FY2026E earnings by +3%.

WCT Holdings Bhd (KL:WCT) said on Thursday that it has secured a contract worth RM249.74 million to build additional lanes for the North-South Expressway (PLUS) expansion project.

Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, achieved a record high quarterly net profit of RM18.1 million, or four sen per share, for the three months ended April 30, 2024 (1QFY2025).

Boutique property developer Asia Quest Holdings Sdn Bhd has announced a 97% take-up for the first block (Block A) of its latest Kiaramas deDaun condominium development in Mont'Kiara, Kuala Lumpur.

Sabah is set to see a spurt in its real estate growth in the next few years, catalysed by some ongoing and future developments in the state and the region.

In line with its ongoing commitment to promote responsible short-term rental activities in Malaysia, Airbnb on Thursday unveiled its Guide to Responsible Hosting in Buildings for short-term rental accommodations (STRA) in strata buildings.

Eco World Development Group Bhd (KL:ECOWLD) reported an 11.7% increase in net profit to RM70 million for the second quarter ended April 30, 2024 (2QFY2024), up from RM62.7 million a year ago, driven by higher revenue and cost savings in completed and near-completion development projects.

The hotel is situated on Jalan Puchong, Kuala Lumpur, and is part of the 5.2-acre (2.1-hectare) Bloomsvale @ OKR mixed development by Kerjaya Prospek Property Bhd.