Matrix Concepts' 2Q earnings down 2.4% as labour shortage weighs on construction activities
The group’s unbilled sales stood at RM1.4 billion as at Sept 30, 2022, providing earnings visibility over the next 12 to 15 months.
Gamuda declares 38 sen special interim dividend
Gamuda Bhd has announced a special interim dividend of 38 sen per share, just over a month after the engineering, property and infrastructure company successfully completed its divestment of four of its highways to Amanat Lebuhraya Rakyat Bhd (ALR).
SunCon 3Q net profit rises 18% on strong revenue contributions from construction, precast segments
Looking ahead, SunCon foresees its precast segment will contribute more to the group's financials in the near future with the integrated construction and prefabrication hub plant targeted to be commissioned by December this year.
Pavilion REIT inks deal to buy Pavilion Bukit Jalil mall from Malton for RM2.2 bil
Pavilion Bukit Jalil mall, located in Bukit Jalil, has a net lettable area of 1.8 million square feet. The mall houses five levels of retail space, two levels of basement parking with 4,800 car park bays and a piazza.
KLIA Aeropolis carved out of KLIA operating agreement; gets long-term land lease of 99 years
Previously, the short-term lease was a major factor making investing in KLIA Aeropolis less attractive, as MAHB could only grant investors leases until 2034, coinciding with the end of its concession to operate KLIA.
Lagenda Properties says 3Q net profit down 21.54%, adopts 25% dividend policy
Lagenda Properties Bhd saw its third quarter net profit decline 21.54% to RM35.73 million from RM45.54 million a year earlier, mainly due to upfront costs incurred in preparation for future project launches and the provision for prosperity tax.
Country Heights buys office tower for RM44 mil via public auction
The property, known as The Heritage Tower @ Mines Wellness City, has a gross floor area of 29,886 sq metres and a net lettable area of about 14,167 sq metres
Sunway REIT’s 3Q NPI jumps 82%, spurred by retail and hotel segments
Looking ahead, Sunway REIT Management Sdn Bhd — the manager of Sunway REIT — said it remains optimistic on the group’s outlook for FY2022, underpinned by strong growth in its retail segment, gradual recovery in the hotel segment and the new income contribution.
YNH to raise RM422.5 mil via disposal of two retail malls in related-party transaction
YNH announced the disposal sum of RM270.5 million for 163 Retail Park shopping centre in Mont’Kiara, Kuala Lumpur; and RM152 million for Aeon Seri Manjung in Perak.
Improved property, pharmaceutical segments push Kobay’s 1Q earnings 8.2% higher
For the property development division, Kobay expects positive performance in FY23, on the back of completion of its maiden Langkawi projects by year-end.
