Managing director Chung Soo Kiong said the group is on track to deliver higher revenue in the year ending Dec 31, 2107 (FY17), compared with FY16's revenue of RM1.79 billion. Net profit for FY16 stood at RM123.52 million.
Mirvac is a real estate group listed on the Australian Stock Exchange, and creates, owns and manages a portfolio of assets across the office, retail, industrial and residential property sectors in Australia.
Iskandar Waterfront City Bhd (IWC) shares gained 3.77% after hitting a 10-year high in May, following speculations among investors over its probable win of the new Bandar Malaysia deal.
Vivocom International Holdings Bhd rose 4.17% in early trade this morning.
During a property market slowdown like now, the auction market could be a place to find a bargain.
Vivocom International Holdings Bhd, whose share price has come under selling pressure in recent months, announced that its subsidiary — Vivocom Enterprise Sdn Bhd (VESB)— has been appointed to construct condominium blocks for the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Perak.
KPJ Healthcare Bhd’s 60.56%-owned subsidiary Perdana Specialist Hospital Sdn Bhd (PSHSB) is purchasing an office building in Kota Bharu, Kelantan for RM6.8 million.
S P Setia, which is preparing to launch its latest two projects in Melbourne, Australia this year, is on the lookout for more land Down Under.
The five-star Shangri-La Hotel, Melbourne will be housed in one of the two towers at the development.
PRG Holdings Bhd, whose share price hit an all-time high of RM1.07 on June 7, is exploring joint venture (JV) opportunities with Syarikat Perumahan Negara Bhd (SPNB) on affordable housing projects nationwide with combined gross development value (GDV) of RM5 billion.
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