Public Investment Bank initiates ‘outperform’ call on Matrix Concepts on stable earnings, dividends
Matrix has been consistent in delivering sales performance even as the property market was impacted by various lockdowns, added Tan.
Passenger EV sales in Malaysia will expand in 2023, says Fitch Solutions
According to its projections, sales of passenger EVs will rise by 82.0% in 2023, reaching a volume of roughly 5,840 units annually.
MRCB posts lower net profit in 4QFY22; declares one sen dividend
The group attributed the lower earnings to the fall in other operating income, which declined by 88% to RM17.01 million from RM146.09 million a year before.
Sunview ventures into biogas renewable energy industry
The four buyers are acquiring Provectus Bioenergy Sdn Bhd for RM115,688 from Ee Hood Liang and Wong Pak Wei.
Lii Hen's 4Q net profit rises 33.7% on low raw material prices, stronger US dollar
Quarterly revenue of the furniture manufacturer fell 31.4% to RM152.43 million from RM222.17 million a year ago, due to sluggish demand for the group’s products, especially for bedroom set, dining and sofa and high level of inventory.
YKGI bags RM271.6m contract to build affordable homes in Sarawak
YKGI said its 80.36%-owned subsidiary ASTEEL Development Sdn Bhd will undertake the Housing Development Corporation project.
WCE shareholders give nod for disposal of 40% stake in RPSB to IJM Properties
IJM Properties is an indirect wholly-owned unit of IJM Corp Bhd, who also owns 26.65% stake in WCE.
Tropicana sells Chin Hin shares to its chairman Danny Tan for RM12.5m
Danny Tan Chee Sing holds a 21.35% direct stake and 33.76% indirect stake in the property developer.
MCT to pay RM58m for 1.57-acre land in Seputeh for residential project
The group has proposed to develop “Aetas Seputeh”, a residential development comprising two 38-storey blocks housing 126 units of luxury apartments.
Miti: Battery EV demand up 11-fold to over 3,400 units in 2022, charging points up 51% from 2020
The number of charging stations stood at 900 units in 2022, an increase of 51% from 2020.
