News by TheEdgeMarkets.com

The research house said apart from strong medium-term earnings visibility, it has also laid foundation for the longer term.

RHB Retail Research said Malton Bhd may climb higher after inching above the 68.5 sen level in its latest session, albeit marginally.

Mass Rapid Transit Corp Sdn Bhd has awarded two work packages worth a combined RM1.58 billion for the construction of the MRT Sungai Buloh-Serdang-Putrajaya Line to WCT Bhd and MTD Construction Sdn Bhd.

“This budget has a special focus on inclusiveness, such as helping to manage rising cost of living and enabling home ownership among the new joiners to the job market."

IOI Properties said the land was acquired via its indirect 99.8%-owned subsidiary IOI (Xiamen) Properties Co Ltd through a competitive bidding conducted by the Xiamen Bureau of Land Resources and Real Estate Management.

In contrast, Ireka incurred net loss of RM4.09 million in the previous corresponding quarter mainly due to the share of loss in Aseana.

Damansara Realty Bhd, controlled by Johor-based Seaview Holdings Sdn Bhd with a 51% stake, said its group chief executive officer Mohd Fazlin Shah Mohd Salleh has resigned after just one year "to pursue his other personal interest".

A wholly-owned subsidiary of Yongnam Holdings is buying three parcels of industrial land in Johor for RM46.7 million.

The tender is open to firms who have advised on large public-private partnership infrastructure projects including HSR projects of similar size and complexity or firms with experience in providing project management, technical, commercial or legal advisory services relating to HSR and/or rail projects of 200km of track.