UOA Development’s 4Q profit surges on revaluation gains

UOA Development’s 4Q profit surges on revaluation gains

news

Updated:
  • UOA Development Bhd reported a 50.3% increase in 4Q net profit to RM192.76 million, despite a revenue drop.
  • The company booked a revaluation surplus of RM169.2 million on investment properties.
  • For the full year, net profit rose 65% to RM474.04 million, with new property sales reaching RM672.9 million.
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Roads on govt land not allowed to be sold, transferred to private sector—deputy minister

Roads on govt land not allowed to be sold, transferred to private sector—deputy minister

news

Updated:
  • Roads on government land cannot be sold or transferred as they are strategic national assets.
  • Private-sector roles are limited to management or maintenance via concession agreements.
  • Any changes to public road status require approval from relevant authorities.
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Non-AI data centre investments curbed over water, energy concerns, PM tells Dewan Rakyat

Non-AI data centre investments curbed over water, energy concerns, PM tells Dewan Rakyat

news

Updated:
  • Malaysia has restricted new data centre investments not linked to AI due to high resource consumption.
  • PM Datuk Seri Anwar Ibrahim assured that current electricity and water supplies can support operations.
  • He also mentioned ongoing efforts to develop the Asean Power Grid for long-term energy security.
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Toll hike suspension depends on Cabinet decision, says minister

Toll hike suspension depends on Cabinet decision, says minister

news

Updated:
  • Works Minister Datuk Seri Alexander Nanta Linggi stated that toll hike decisions rest with the Cabinet.
  • The government is currently delaying toll reviews to ease public financial burdens, absorbing the costs.
  • Nanta said the financial impact of the toll deferment is fully borne by the government.
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Cahya Mata 4Q net profit down 70% without forex gains; pays three sen dividend

Cahya Mata 4Q net profit down 70% without forex gains; pays three sen dividend

news

Updated:
  • Cahya Mata Sarawak Bhd reported a 70.3% drop in 4Q net profit to RM19.56 million due to forex losses.
  • Revenue also fell 8.8% to RM311 million, while the cement division showed a 10.2% profit increase.
  • The group declared a final dividend of three sen per share and is progressing on several key projects.
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Anthony Loke orders probe into repeated Kelana Jaya LRT disruptions

Anthony Loke orders probe into repeated Kelana Jaya LRT disruptions

news

Updated:
  • Transport Minister Anthony Loke is disappointed with LRT Kelana Jaya Line breakdowns disrupting commuters.
  • He demands accountability from the rail operator and has called for an investigation into the incidents.
  • Rapid KL reported delays due to technical issues and has issued an apology.
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Sunway Construction tests new all-time highs after beating estimates

Sunway Construction tests new all-time highs after beating estimates

news

Updated:
  • Sunway Construction Group Bhd's stock hit record highs after exceeding earnings expectations.
  • Analysts raised forecasts, with a target price of RM6.95, as the company aims for RM6 billion in new jobs.
  • The firm is bidding on RM17.5 billion in contracts, including data centr projects.
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From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

news

Updated:
  • Sime Darby Property Bhd is shifting from residential development to data centre leasing under its SHIFT25 strategy.
  • The Elmina Business Park is becoming a key data centre hub, with significant lease commitments expected to boost recurring income.
  • Investors are now focusing on long-term lease agreements and megawatts secured, indicating a transformation in the company's earnings profile.
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Kerjaya Prospek poised for solid 4Q as projects near completion

Kerjaya Prospek poised for solid 4Q as projects near completion

news

Updated:
  • Kerjaya Prospek Group Bhd is set for strong 4QFY2025 earnings, projected at RM60-70 million.
  • The growth is driven by higher billings and contributions from major projects like Astrum Ampang.
  • RHB warns of potential risks from a slowing property market but maintains a 'buy' rating with a target price of RM3.35.
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IOI Properties CEO’s RM100m share purchases highlight potential REIT-led re-rating

IOI Properties CEO’s RM100m share purchases highlight potential REIT-led re-rating

news

Updated:
  • Datuk Lee Yeow Seng of IOI Properties Group has made significant share purchases, totaling over RM100 million.
  • The company plans dual REIT listings in Malaysia and Singapore, potentially reshaping its capital structure.
  • Analysts predict that successful listings could lower IOIPG's gearing and enhance its income profile.
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UOA Development’s 4Q profit surges on revaluation gains