Malaysian Resources Corp Bhd (MRCB) registered a net profit of RM23.7 million for the third quarter ended Sept 30, 2022 (3QFY2022), versus RM32.16 million net loss in last year’s corresponding quarter, as revenue jumped 524% year-on-year to RM860 million.

More Malaysians are turning to hosting on Airbnb for additional income, with a survey commissioned by the company revealing that “43% of homeowners in Malaysia surveyed have considered hosting to take advantage of the new appetite for travel”. 

Mah Sing Group Bhd's net profit grew 17% to RM47.06 million for the third quarter ended Sept 30, 2022 (3QFY2022) from RM40.16 million on the back of stronger revenue, partially offset by higher cost of sales.

Sime Darby Property Bhd said on Wednesday (Nov 30) that it anticipates the group’s sales momentum to continue into the financial year ending Dec 31, 2023 (FY2023), albeit weaker due to the global economic uncertainties in the year ahead.

Construction outfit Pesona Metro Holdings Bhd has received a takeover offer from major shareholder Wie Hock Kiong to acquire 278.03 million shares or a 40.01% stake in the group at a price of 19 sen per share or RM52.83 million cash in the event of full acceptance of the offer.

NCT executive chairman and group managing director Datuk Seri Yap Ngan Choy said the strong performance was mainly due to the resumption of economic activities and the reopening of national borders.

Noteworthy:

• Freehold
• Land size: 9,225 sq ft
• Built-up size: 4,500 sq ft
• 6 bedrooms, 7 bathrooms
• Unfurnished 
• Nearby amenities: Hotels, convenience stores, F&B outlets, Damansara City Mall, 1 Mont Kiara, MRT Semantan, 
• Accessibility : EKVE highway, Federal highway, DASH highway

When: November 2022

Real Estate and Housing Developers’ Association Malaysia (Rehda) has expressed its “wish” that the government under newly appointed 10th Prime Minister Datuk Seri Anwar Ibrahim take measures to tackle the many issues afflicting the property and construction industry.

YNH Property Bhd’s net profit slumped 97.07% to RM43,000 for the third quarter ended Sept 30, 2022 (3QFY2022), from RM1.47 million for the same quarter last year, amid completion of the K163 development here.

WCT Holdings Bhd posted a net profit of RM12.49 million for the third quarter ended Sept 30, 2022 (3QFY2022), versus a net loss of RM35.23 million a year ago, as revenue rose on lower cost of sales, administrative expenses and finance costs.