News by M

Tuju Setia Bhd (KL:TJSETIA) has secured a RM54 million contract to construct a five-storey factory in Klang, Selangor.

Integrated industrial space solutions provider AME Elite Consortium Bhd (KL:AME) reported a record net profit of RM143.76 million for its second financial quarter ended Sept 30, 2025 (2QFY2026), up a whopping 541.4% from RM22.41 million a year earlier, lifted by the completion of a major land sale to a data centre and steady organic growth in its industrial park developments.

Eastern & Oriental Bhd (E&O) reported a stronger set of results for the second quarter ended Sept 30, 2025 (2Q2025), with net profit rising 65.3% to RM50.24 million from RM30.39 million a year earlier.

IJM Corp Bhd posted higher revenue for its second quarter, although net profit slipped due to softer contributions from its property development and port operations.

The National Disaster Management Agency (Nadma) attributed the recent flooding to a severe rainfall anomaly, noting that the unprecedented volume of water overwhelmed areas previously considered as low-risk.

The group recorded revenue of RM2.98 billion, representing a 31.9% increase from RM2.26 billion in the prior corresponding period. Gross profit rose 60.8% to RM555.9 million, with margins improving to 18.6% (9MFY24: 15.3%). Profit before tax (PBT) increased 19.4% to RM199.7 million.

Johor-based property developer KSL Holdings Bhd (KL:KSL) reported a flat third-quarter net profit as higher cost of sales, administrative expenses and finance costs offset revenue growth.

MUI Properties Bhd (KL:MUIPROP) is acquiring eight parcels of freehold land in Ijok, Selangor, for RM605 million to rebuild its development pipeline following its recent land sale in Negeri Sembilan.

Eastern & Oriental Bhd (E&O) has expanded its presence in the Klang Valley with the launch of its first clubhouse and a new commercial precinct within the City of Elmina in Shah Alam, Selangor. 

Malaysia’s industrial growth hinges on strategic clusters, as electric vehicle (EV) makers and electronics firms drive demand for green-rated, well-connected sites in emerging regions.