Stronger ringgit cuts entry cost for Malaysians investing in Australian property

Stronger ringgit cuts entry cost for Malaysians investing in Australian property

news

Updated:
  • Strengthening ringgit is reducing capital requirements for Malaysian investors in the Aussie property market.
  • Malaysia ranks as the ninth largest foreign investor in Australian residential land.
  • However, foreign buyers face stricter regulations and higher costs despite the currency advantage.
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E&O 3Q net profit rises 105.6% to RM63.5m on stronger property billings

E&O 3Q net profit rises 105.6% to RM63.5m on stronger property billings

news

Updated:
  • Eastern & Oriental Bhd reported a 105.6% increase in net profit to RM63.51 million for 3QFY2026.
  • Revenue rose 45.4% to RM243.92 million, driven by strong performance in the property segment.
  • The company declared an interim dividend of one sen per share.
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Radium Development 4Q net profit reaches RM1.73 mil, eyes healthcare expansion

Radium Development 4Q net profit reaches RM1.73 mil, eyes healthcare expansion

news

Updated:
  • Radium Development reported a lower net profit of RM1.73 mil in 4Q, despite revenue rising to RM71.58 mil.
  • The group plans to diversify into healthcare, developing a 140-bed hospital in Melaka.
  • Their active development pipeline includes projects with a combined GDV of RM2.54 billion.
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Tropicana integrates solar and managed renovation at Avisa Residences

Tropicana integrates solar and managed renovation at Avisa Residences

news

Updated:
  • Tropicana Corp Bhd has launched partnerships for managed renovations and solar energy at Avisa Residences.
  • Buyers can choose from renovation packages starting at RM20,800 with flexible payment options.
  • The initiative aligns with Tropicana's sustainability goals and enhances the township's appeal.
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Sunway Property targets RM4.2b sales in 2026 on RM4.8b launch pipeline

Sunway Property targets RM4.2b sales in 2026 on RM4.8b launch pipeline

news

Updated:
  • Sunway Property aims for a RM4.2 billion sales target in 2026, backed by a RM4.8 billion launch pipeline.
  • Analysts have adjusted their FY2026 earnings forecasts, reflecting positive sentiment and growth potential.
  • Key developments include projects in Johor and Klang Valley, alongside a proposed healthcare listing in 2026.
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Sunway charts new all-time highs after strong earnings meet estimates

Sunway charts new all-time highs after strong earnings meet estimates

news

Updated:
  • Sunway Bhd shares hit record highs after strong earnings met market expectations.
  • Analysts remain cautious, citing inflated valuations and upcoming events.
  • The company reported a 13% net profit increase, reaching RM1.3 billion for FY2025.
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KLK 1Q net profit rises 73.5% on higher palm product sales, lower costs

KLK 1Q net profit rises 73.5% on higher palm product sales, lower costs

news

Updated:
  • Kuala Lumpur Kepong Bhd's net profit rose 73.5% to RM382.41 million in 1QFY2026 despite lower CPO prices.
  • Manufacturing segment turned profitable, contributing RM42 mil, aided by improved oleochemical performance.
  • Batu Kawan Bhd also reported a 42.9% profit increase, reaching RM182.36 million.
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Sunway Construction secures RM1.15 bil new work orders, lifts order book to RM6.9 bil

Sunway Construction secures RM1.15 bil new work orders, lifts order book to RM6.9 bil

news

Updated:
  • Sunway Construction Group Bhd secured RM1.15 billion in new work orders for shell-and-core projects.
  • The company aims for a RM6 billion order replenishment this year after a record 2025.
  • SunCon declared a fourth interim dividend of nine sen per share.
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LBS Bina jumps 8.5% as continuing operations return to black in 4Q, dividend policy revised

LBS Bina jumps 8.5% as continuing operations return to black in 4Q, dividend policy revised

news

Updated:
  • LBS Bina Group reported a normalised profit of RM44.73 million in 4QFY2025, up from a loss in 4QFY2024.
  • Quarterly revenue surged 61% to RM462.31 million, driven by property development.
  • The company revised its dividend policy, declaring a total proposed payout of 3.3 sen per share.
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Sunway lifts cash portion of IJM takeover offer to 32.5 sen per share but keeps RM3.15 offer price intact

Sunway lifts cash portion of IJM takeover offer to 32.5 sen per share but keeps RM3.15 offer price intact

news

Updated:
  • Sunway Bhd has revised its cash offer for IJM Corp Bhd, increasing it to approximately 32.5 sen per share.
  • The adjustment accounts for a two-sen dividend declared for Sunway shareholderse.
  • IJM shareholders are advised to review the offer document and independent advice before deciding.
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