KLCCP Stapled Group's outlook unlikely dimmed by new TRX mall, inflation, say analysts
Analysts have shrugged off any potential impact on KLCCP Stapled Group's prospects by the opening of the The Exchange TRX mall as well as inflationary pressures.
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The Exchange TRX opens to the public
The Exchange TRX — the retail component of Tun Razak Exchange development in Kuala Lumpur — has opened its doors to the public, according to a Lendlease press release on Wednesday.
IJM Rimbayu to see new Lotus’s hypermarket in 4Q next year
IJM Land Bhd announced the groundbreaking of Lotus’s hypermarket at its IJM Rimbayu township development in Selangor in a press release on Wednesday. The hypermarket has a 30-year lease term and is set to be completed in 4Q 2024.
ISP Group of Companies commences construction of its 3,780-bed purpose-built workers accommodation in Kapar
ISP Group of Companies (ISP), a real estate developer and investment holding company, commenced construction of its purpose-built workers accommodation (PBWA) in Kapar, Selangor on Monday (Nov 27), according to a press statement on the same day.
MKH gets shareholders' nod to list plantation arm on Main Market
Property group MKH Bhd has obtained approval from its shareholders for the proposed listing of its wholly owned plantation subsidiary MKH Oil Palm (East Kalimantan) Bhd (MKHOP) on the Main Market of Bursa Malaysia.
Gadang acquires land in Kwasa Damansara to undertake residential project
Gadang Holdings Bhd is acquiring a 21.08-acre land in Kwasa Damansara for RM114.78 million, or RM125 per square feet, to be developed into a residential project.
KLCCP Stapled Group’s 3Q net profit up 5%, raises dividend to 8.8 sen
KLCCP Stapled Group’s net profit rose 4.96% to RM185.34 million in the third quarter ended Sept 30, 2023 (3QFY2023), from RM176.59 million a year ago, on improved hotel and management services while the office segment remained steady.
BLand's 1Q net profit quadruples to RM37m
Berjaya Land Bhd's (BLand) net profit for the first quarter ended Sept 30, 2023 (1QFY2024) rose more than four-fold to RM36.87 million from RM8.45 million a year ago, its Bursa Malaysia filing on Tuesday showed.
Tropicana posts 25% revenue jump with profit before tax increasing five-fold
Tropicana Corp Bhd recorded revenue of RM402.8 million which was RM81.1 million or 25.2% higher compared to the corresponding quarter in the preceding year (3Q 2022: RM321.6 million), it reported in its unaudited financial results for the third quarter ended Sept 30, 2023.
Newly listed Radium posts better 3Q earnings, up 46% q-o-q
Radium Development Bhd, which was just listed on the Main Market of Bursa Malaysia less than half a year ago on May 31, posted a net profit of RM3.76 million for its third quarter ended Sept 30, 2023 (3QFY2023), on the back of revenue of RM46.78 million.
