News by Syafiqah Salim

There is a possible overhang for the construction sector amid the looming 15th general election (GE15), said RHB Research.

AMMB Holdings Bhd (AmBank) is seeing more demand in green financing this year, according to chief executive officer Datuk Sulaiman Mohd Tahir.

Pasukhas Group Bhd's wholly owned subsidiary, Pasukhas Sdn Bhd, has been awarded a contract for the supply, execution and completion of a data centre in Cyberjaya.

Paramount Corp Bhd's net profit jumped 5.6 times to RM9.12 million in the second quarter ended June 30, 2022 (2QFY22) from RM1.62 million in the same quarter a year ago, boosted by a higher revenue.

Chin Hin Group Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) got a big boost from the revaluation of its 19.34% stake in Solarvest Holdings Bhd.

YTL Corp Bhd returned to the black in the fourth quarter ended June 30, 2022 (4QFY22) with a net profit of RM8.68 million, compared with a net loss of RM407.48 million in 4QFY21, on the absence of impairment losses under its property business, while contribution from its utilities business strengthened.

Sunway Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) jumped 140% to RM168.88 million from RM70.52 million in 2QFY21, boosted by strong operating contributions from most business segments.

UEM Sunrise Bhd made a profit of RM20.7 million or 0.41 sen per share in the second quarter ended June 30, 2022 (2QFY22), on higher revenue and improved operating profit margins.

UEM Sunrise Bhd is to dispose of its 80.4% stake in South Africa-based Roc Union-Proprietary Ltd for 142.6 million rand (RM38 million).

Sentral Real Estate Investment Trust's (REIT) net property income for the second quarter ended June 30, 2022 (2QFY22) slipped 3.8% to RM27.94 million, from RM29.04 million a year earlier, on lower revenue.