News by M

UOA Development Bhd’s net profit attributable to shareholders rose 4.2% year on year to RM95.59 million for the second quarter ended June 30, 2026 (2QFY2026), supported by sharply higher revenue from the progressive recognition of its ongoing property developments.

WCT Holdings Bhd’s profit attributable to ordinary shareholders fell 4% year on year to RM14.71 million for the second quarter ended June 30, 2026 (2QFY2026), as weaker property development and engineering and construction contributions weighed on revenue.

Berjaya Property Bhd returned to a profit attributable to owners of the parent in its fourth quarter ended June 30, 2026 (4QFY2026), supported by improved contributions from its property development and investment business, although the group remained loss-making on a consolidated basis.

Sime Darby Property Bhd’s push to build a larger recurring-income business is beginning to show in its results, with the developer reporting higher contributions from data centres, retail and logistics assets alongside its core property development business.

IJM Corporation Bhd (KL:IJM) said it expects a strong showing from its construction division in the current financial year, after stronger construction activities helped lift its first-quarter net profit by 43.7%.

IJM Corp Bhd (KL:IJM) has appointed industry veteran Datuk Lee Teck Yuen as chairman of the construction and infrastructure giant effective Aug 27.

BIMB Securities reported in its initiation coverage that Avaland Bhd (KL:AVALAND) could see upsides of 59% to its stock, as the premium-focused Klang Valley property developer’s strong project pipeline provides multi-year earnings visibility.

OSK Property Holdings Bhd said Jaya Grocer will be the anchor tenant at OSK Mori Park in Section 13, Shah Alam, occupying approximately 13,813 sq ft.

Mah Sing Group Bhd is expanding its presence in Ampang with the acquisition of approximately 14.3775 acres of land opposite AEON BiG Ampang for RM186.17 million.

Kuala Lumpur does not need to imagine what a hotter, wetter future looks like. It has already had previews with recent flash floods, heatwaves and a monsoon season that arrives with less predictability each year.