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JS-SEZ investment blueprint, master plan to be launched March 30 in Johor Bahru

JS-SEZ investment blueprint, master plan to be launched March 30 in Johor Bahru

news

Updated:
  • The Johor–Singapore Special Economic Zone (JS-SEZ) blueprint will launch on March 30 in Johor Bahru.
  • Economy Minister Akmal Nasrullah emphasised its goal to reshape Johor's economy and create over 20,000 jobs.
  • He urged all stakeholders to focus on delivering measurable outcomes aligned with the 13th Malaysia Plan.
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WCT 2Q profit slips 4% as revenue falls 33%

WCT 2Q profit slips 4% as revenue falls 33%

news

Updated:
  • WCT Holdings Bhd's 2QFY2026 profit fell 4% to RM14.71 mil due to weaker property and construction.
  • Revenue declined 33% to RM370.32 mil, with EPS at 0.94 sen.
  • The company faces challenges in construction but expects stable property demand.
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Berjaya Property returns to 4Q profit as property segment improves

Berjaya Property returns to 4Q profit as property segment improves

news

Updated:
  • Berjaya Property Bhd returned to profit in 4QFY2026, driven by property development.
  • Consolidated losses increased, however, due to various factors.
  • The company remains cautiously optimistic for FY2027 despite a widened full-year loss.
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Sime Darby Property’s recurring-income push gains traction

Sime Darby Property’s recurring-income push gains traction

news

Updated:
  • Sime Darby Property is shifting towards recurring income from data centres, retail, and logistics.
  • This strategy underpins a new dividend policy of 40%-60% payout of PATAMI.
  • Property development remains the main earner, but recurring income is growing.
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IJM 1Q profit jumps 44% on construction boost, declares 10 sen special dividend

IJM 1Q profit jumps 44% on construction boost, declares 10 sen special dividend

news

Updated:
  • IJM Corp's 1Q net profit rose 43.7% to RM137.4 mil, driven by strong construction activity.
  • Revenue increased 32.2% to RM2.29 bil, with construction and manufacturing leading.
  • The company expects continued strong performance from its construction division this fiscal year.
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IJM names Lee Teck Yuen as chairman to succeed Krishnan Tan

IJM names Lee Teck Yuen as chairman to succeed Krishnan Tan

news

Updated:
  • IJM Corp Bhd appointed Datuk Lee Teck Yuen as chairman, effective Aug 27.
  • Lee brings over 40 years of industry experience to the role.
  • He succeeds Tan Sri Krishnan Tan, who retired as part of a planned transition.
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BIMB assigns 59% premium to Avaland in maiden coverage

BIMB assigns 59% premium to Avaland in maiden coverage

news

Updated:
  • BIMB Securities initiated coverage on Avaland Bhd with a "buy" call.
  • They project a 59% upside due to a strong project pipeline.
  • Avaland's unbilled sales of RM908.8 mil provide multi-year earnings visibility.
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Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam

Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam

news

Updated:
  • OSK Property announced Jaya Grocer as the anchor tenant for OSK Mori Park in Shah Alam.
  • Retail opportunities are open for the 56-unit retail boulevard.
  • The integrated development combines homes, retail, and lifestyle offerings.
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Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development

Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development

news

Updated:
  • Mah Sing Group acquired 14.3775 acres in Ampang for RM186.17 mil.
  • This land will become M Araya, a serviced apartment project.
  • It has an estimated GDV of RM1.92 bil and targets 2027 for launch.
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JS-SEZ investment blueprint, master plan to be launched March 30 in Johor Bahru