News by TheEdgeMarkets.com

TA Securities Research has valued Main-Market bound Radium Development Bhd at 51 sen per share, implying a financial year ended Dec 31, 2021 (FY2021) price-earnings ratio (PER) of 17.1 times, due to strong demand for affordable housing in the capital. 

The NCT group of companies has inked a memorandum of understanding (MOU) with the Social Security Organisation (Socso) to promote employment and enhance talent acquisition in Selangor.

GuocoLand (Malaysia) Bhd has appointed Noorbaizura Hermeyney as its new managing director (MD), succeeding Tan Wee Bee, effective May 18. In a statement on Friday (May 12), the property developer, who is the subsidiary of Singapore-based GuocoLand Ltd, said Tan, 52, will be stepping down to pursue his other personal interests.

Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah hosted a celebratory dinner at the Battersea Power Station on May 10 (Wednesday) to celebrate the success of an exhibition of Malaysian heritage craft titled "Abstract Nature".

The High Court on Friday (May 12) granted an air conditioning subcontractor of the 8 Conlay project an injunction against Grand Dynamic Builders Sdn Bhd (GDBSB) to restrain the company or its directors or other officers from issuing a demand pursuant to a Standard Chartered Bank Malaysia Bhd letter of guarantee dated March 8, 2021, until the final disposal of its arbitral proceedings.

Sime Darby Property Bhd’s semi-detached villas, The Eighth in the City of Elmina township located in Shah Alam, Selangor has achieved a 70% take-up rate since its official launch in April 2023.

Bertam Alliance incurred negative operating cash flows of RM1.47 million during FY2022 and its current liabilities has exceeded its current assets by RM17.09 million.

The agreement, which proposed AHSB to build 33 industrial lots with a gross development value of RM278.78 million, was mutually terminated by the pair.

The PSI reclamation project, as indicated earlier by the government, will be slashed by 49% with the cancellation of Island B and Island C.  

Sentral REIT's net property income for the first quarter ended March 31, 2023 (1QFY2023) declined 4.03% to RM29.3 million, from RM30.5 million a year earlier.