News by Sankita Jayanandan

AME Elite Consortium Bhd's (KL:AME) net profit for its first quarter ended June 30, 2024 (1QFY2025) dropped 36.7% to RM14.72 million from RM23.27 million a year earlier, due to lower contributions from property development and construction services, as well as share of loss from joint ventures.

Cahya Mata Sarawak Bhd (KL:CMSB) said on Tuesday its second quarter net profit jumped 26.6% year on year, driven by stronger gross profit margin in its cement and oiltools divisions due to lower clinker cost and the sale of higher margin products.

Eupe Corp Bhd (KL:EUPE) said on Thursday a piece of recently acquired land in Bangsar, Kuala Lumpur could yield a gross development value (GDV) of RM300 million

IJM rose as much as 20 sen or over 6% to RM3.40, its highest since Aug 2, 2024.

The research house pointed that government-led catalytic developments as well as an influx of foreign and domestic direct investments will help to lift the construction, data centre, energy, petrochemicals, industrial and tourism sectors, in addition to a positive spillover to the property market.

Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur.

Bursa Malaysia Bhd (KL:BURSA) will only move its “front office” to the Tun Razak Exchange (TRX), not its entire operation, according to its chairman Tan Sri Abdul Wahid Omar.

Capitaland Malaysia Trust (KL:CLMT) is eyeing more industrial and logistic assets in Johor, given the robust demand and positive economic sentiments there.

CapitaLand Malaysia Trust (KL:CLMT) posted a 15.2% jump in its second quarter net property income from the same quarter a year ago, as most of the malls within its portfolio recorded higher revenue as a result of positive rental reversions and higher occupancies.

Petroliam Nasional Bhd (Petronas), which is seeking to establish a carbon capture and storage (CCS) hub in Pahang, has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd for the project.