News by M

In a filing with Bursa Malaysia yesterday, IUBB said the acquisition was to boost its investment into the property development sector as I-Platinum had a joint-venture with UDA Holdings Bhd to develop two parcels of land on Jalan Seri Tanjung Pinang, Penang Island

AmResearch said Mah Sing was targeting to generate between RM300 million and RM350 million sales from new developments, making up 11% of the group’s overall projected sales

Newer projects such as Main Place Residence and USJ One Park contributed to the growth of the average transaction price

The better quarterly results notwithstanding, its net profit for the full FY2015 fell 79.63% to RM6.13 million or 0.87 sen per share from RM30.11 million or 4.63 sen per share a year ago

The secondary market in USJ remains fairly affordable

Lembaga Tabung Haji (LTH) is still evaluating offers for the proposed sale of a parcel of land it bought from 1Malaysia Development Berhad (1MDB) at Tun Razak Exchange (TRX) earlier this year, its chairman Datuk Seri Abdul Azeez Abdul Rahim said today.

Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin said, with the declaration, Tebrau Bay will be developed as a competitive investment and industrial hub which was capable of attracting foreign investors

Happy hopeful contestants bring family and friends into The Edge-Mah Sing Millionaire Contest as July 31 deadline nears.

Talam Transform executive director Chua Kim Lan said the once-blacklisted property developer is in the midst of getting approvals from the authorities to be able to build again.

The research house said that indicators wise, the MACD was marginally above the 9-day moving average line with the buy signal remaining intact