Ecomate returns to black q-o-q in 3Q with a net profit of RM2.62m due to higher sales in Malaysia
Quarterly revenue for the quarter stood at RM15.68 million, a 142.87% increase from RM6.45 million in its second quarter for FY2022 (2QFY22).
Grand Hoover bags three construction jobs worth RM374 mil from Widad Group
The first job is a sub-contract worth RM188.8 million for the Kota Bharu-Kuala Krai highway construction project. The second is a RM110.02 million sub-contract to upgrade the Bukit Selambau water treatment plant in Kedah; the third is a RM75.01 million job to upgrade the Sungai Limau water treatment plant, also in Kedah.
Mah Sing eyes RM2.4b worth of property launches this year, 71% more than 2021
In anticipation of a better year, the group is targeting to launch RM2.4 billion worth of properties in 2022, 71% more than the RM1.4 billion in new properties launched in 2021.
MEX I proposes to issue over RM3b worth of Islamic bonds
Maju Holdings Sdn Bhd-owned highway concessionaire MEX I said the proposed Islamic bonds comprise RM2.21 billion subordinated sukuk and RM1.13 billion senior sukuk programmes.
Lion Industries buys leasehold agriculture land in Sepang for RM23m
The group on Thursday (Jan 6) entered into an agreement with Granprop Sdn Bhd and Premier Land Resources Sdn Bhd for the acquisition of the 80-acre (3.48 sq ft) land.
Marriott International, Rackson Hospitality introduce Le Méridien Penang Airport hotel
According to a statement on Thursday (Jan 6), Le Méridien Penang Airport is part of the Penang Gateway development, located by the Penang International Airport, on the main Jalan Sultan Azlan Shah road. It will be part of a mixed-use development that will also comprise an independent residential tower, medical centre, commercial and retail space. Construction is due to commence by mid-2022 and is expected to be completed by end-2026.
RHB: Some negative headwinds may hinder recovery in property sales
In a note on Thursday (Jan 6), its analyst Loong Kok Wen who maintained "neutral" on the sector said that despite an encouraging pickup in demand for property in 2021, she believes the sector is still facing negative headwinds that may hinder the continued recovery in property sales as well as earnings growth.
Zerin Properties adopts HaloCheck.xyz to comply with Bank Negara's AML/CFT requirements
This move makes Zerin Properties the first real estate agency in Malaysia to do so. In a statement, Zerin Properties founder, managing director and chief executive officer Previndran Singhe said that the main reason the agency went with HaloCheck.xyz is due to the opportunity to use technology as an avenue to comply with what the central bank requires and to fulfil its clients’ requirements.
SDB hands over UNA serviced apartment in Kuala Lumpur
In a press statement, SDB head of sales and marketing Khong Wei Chung said that the 46-storey single tower manifests the developer’s belief that quality life starts from home.
NCT Alliance to be classified as property stock from Jan 10
The counter is currently classified under the technology sector.
