News by Syafiqah Salim

The government plans to set up Bumiputera Land Corporation (Perbadanan Tanah Bumiputera) to preserve land ownership, as part of an effort to strengthen the community, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said on Thursday.

Higher tax expenses pushed Ekovest Bhd into the red in the second quarter ended Dec 31, 2023 (2QFY2024), posting a net loss of RM50.6 million or 1.69 sen per share, compared with RM223,000 net profit or 0.01 sen per share a year ago.

Shares of UOA Development Bhd rose to its record high on Wednesday, as analysts maintained their ‘hold’ call for the stock after the property developer’s financial results ended Dec 31, 2023 (FY2023) fell within their expectations.

Department store and mall operator Aeon Co (M) Bhd said on Friday that its net profit rose 31% in the fourth quarter from a year earlier, thanks to higher occupancy rate, rental renewals and cost control, while flagging risks from government policy measures.

Analysts tracking KLCCP Stapled Group anticipate a stable earnings trajectory for the group amid sustained robust tourist activities as well as a steady performance from the facilities management and office segments’ divisions.

Offshore crane services provider Handal Energy Bhd said on Friday that it is seeking further business investment opportunities in the agriculture industry.

Kimlun Corp Bhd has secured a construction project in Johor Bahru, worth RM133.6 million, from Sunway Parkview Sdn Bhd, the 60%-owned subsidiary of Sunway Bhd.

Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur.

Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM146.2 million in the previous year’s corresponding quarter.

Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) by 9.08% to RM115.24 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM105.64 million recorded in the same period a year earlier.