News by M

Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.7% to RM6.12 million from RM4.2 million a year ago, on improved margin of construction projects, as well as the inclusion of contribution from the International Islamic University Malaysia (IIUM) Medical Centre facilities management concession.

Maybank Kim Eng Research is turning positive on Singapore’s property developers.

DBS Vickers expects Frasers Centrepoint Ltd and its REITs to deliver consistent returns in the coming years, leveraging on the improved outlook of their key markets of Australia and Singapore.

Tan Sri Rastam Isa has retired from his position as independent and non-executive chairman of property developer Tropicana Corp Bhd.

Voir Holdings Bhd shares are back on the uptrend after the group said it is considering diversifying into construction and logistics.

Property developer Tropicana Corp Bhd has planned launches of about RM1.6 billion in gross development value (GDV) for the year, comprising mainly landed properties.

Mah Sing Group Bhd has entered into an agreement with LTS Properties (M) Sdn Bhd, TS Law Corp Sdn Bhd and Law Wai Cheong to acquire 78% of the equity interest in Cosmowealth Housing Development Sdn Bhd for RM54.96 million (to be paid on deferred payment over 72 months).

Sunway Bhd’s net profit rose 5.7% to RM107.91 million or 5.33 sen a share in the first quarter ended March 31, 2017 (1QFY17), from RM102.1 million or 5.71 sen a share a year ago, on higher contribution from all business segments except property development.

IJM Land Bhd won the Gold in the Master Plan category for its Green Building Index certified green township of Bandar Rimbayu at the Fiabci World Prix d’Excellence Awards 2017.

WCT Holdings Bhd's net profit increased 3.7 times to RM33.08 million or 2.64 sen per share in its first quarter ended March 31, 2017 (1QFY17) from RM8.83 million or 0.72 sen per share a year ago, mainly due to strong contribution from the local construction division.