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EXSIM Hospitality bags RM45m Summit Hotel USJ revamp job

EXSIM Hospitality bags RM45m Summit Hotel USJ revamp job

news

Updated:
  • EXSIM Hospitality Bhd has secured a RM45 million contract to redevelop Summit Hotel USJ.
  • The project will transform the hotel into a 17-storey building and is set to complete by December 2026.
  • Shares of EXSIM rose 3.1% following the announcement, reflecting positive market sentiment.
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Matrix Concepts strengthens MVV City industrial ecosystem with sale of land to Golog for cold chain infrastructure

Matrix Concepts strengthens MVV City industrial ecosystem with sale of land to Golog for cold chain infrastructure

news

Updated:
  • Matrix Concepts has sold industrial land in MVV City to Golog Holdings for cold chain infrastructure.
  • This move aims to enhance the region's logistics capabilities and attract industrial players.
  • Development supports Malaysia's evolving supply chains and growing demand for efficient industrial ecosystems.
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Rehda commends KPKT for continued Inisiatif Simen Rahmah support

Rehda commends KPKT for continued Inisiatif Simen Rahmah support

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Updated:
  • Rehda appreciates the Ministry of Housing's support for the housing industry amid rising costs.
  • The Skim Simen Rahmah initiative has helped construct 11,909 affordable homes.
  • Rehda encourages responsible use of this initiative to enhance housing affordability for Malaysians.
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IGB Bhd's PBT surges 219% to RM621.5m in 1Q FY2026 on strategic UK hotel divestment

IGB Bhd's PBT surges 219% to RM621.5m in 1Q FY2026 on strategic UK hotel divestment

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Updated:
  • IGB Bhd reported a profit before tax of RM621.47 mil for 1Q2026, up 219% from last year.
  • Net profit soared to RM501.98 mil, a 464% increase, driven by a one-off gain from UK hotel asset sales.
  • The board declared a special dividend of 2.5 sen per ordinary share for FY2026.
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Batu Kawan buys 47.7% MKH stake from Chen family; launches MGO at RM2 per MKH share

Batu Kawan buys 47.7% MKH stake from Chen family; launches MGO at RM2 per MKH share

news

Updated:
  • Batu Kawan Bhd plans to acquire a 47.7% stake in MKH Bhd for RM549.8 mil, priced at RM2 per share.
  • The company aims to take MKH private if it secures a 90% stake and will also buy a 3.9% stake in MKH Oil Palm.
  • This move is intended to expand Batu Kawan's property and plantation operations.
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UEM Sunrise maintains profitability in 1QFY2026, posts RM22.5m PBT as property development revenue grows 24%

UEM Sunrise maintains profitability in 1QFY2026, posts RM22.5m PBT as property development revenue grows 24%

news

Updated:
  • UEM Sunrise Bhd reported a profit before tax of RM22.49 million for Q1 2026, with revenue at RM347.71 mil.
  • Despite a 16.7% y-o-y revenue decline due to lower land sales, property development revenue rose by 24%.
  • The company aims for a sales target of RM1.3 bil and a gross development value of RM2.2 bil for FY2026.
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Kerjaya Prospek secures two contracts worth RM102.6 mil from E&O unit

Kerjaya Prospek secures two contracts worth RM102.6 mil from E&O unit

news

Updated:
  • Kerjaya Prospek Group Bhd has secured two contracts worth RM102.6 mil in Penang.
  • The contracts will enhance its order book to RM4.4 bil and provide earnings visibility for one to two years.
  • Analysts have a 'buy' rating on the stock, with a target price averaging RM3.12 per share.
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FT minister files police reports over Taman Segar freehold conversion claims

FT minister files police reports over Taman Segar freehold conversion claims

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Updated:
  • Two police reports were filed over allegations of changing land status in Taman Segar, Cheras.
  • Minister Hannah Yeoh denied the claims, calling them slander and stating no such announcement was made.
  • She urged police to investigate and is considering legal action against those spreading false information.
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S P Setia posts RM108m PBT in 1QFY2026, cuts borrowings by RM500m as deleveraging gains pace

S P Setia posts RM108m PBT in 1QFY2026, cuts borrowings by RM500m as deleveraging gains pace

news

Updated:
  • S P Setia Bhd reported a profit before tax of RM108 mil and revenue of RM826 mil for 1Q.
  • Net profit came in at RM58 mil due to fewer land sales and unrealised foreign exchange losses.
  • The group aims to achieve FY2026 sales of RM4.6 bil while transitioning to an integrated real estate player.
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UDA launches Johor project Residensi Mutiara with homes from RM548,700

UDA launches Johor project Residensi Mutiara with homes from RM548,700

news

Updated:
  • UDA Holdings Bhd has launched Residensi Mutiara in Johor, with townhomes starting at RM548,700.
  • The project features sustainable elements and aims to enhance homeownership opportunities by 2029.
  • It offers family-friendly designs, security, and incentives like low down payments to attract buyers.
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