Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
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

news

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.
Read More
Kerjaya Prospek reports 24% rise in 1Q net profit, raises dividend payout

Kerjaya Prospek reports 24% rise in 1Q net profit, raises dividend payout

news

Updated:
  • Kerjaya Prospek Group Bhd reported a 24% rise in 1Q net profit to RM57.34 mil despite lower revenue.
  • The company plans to monitor market conditions to address risks like currency volatility and oil prices.
  • An interim dividend of 3.5 sen per share was announced, up from three sen last year.
Read More
MKH hits billion-ringgit market value after Batu Kawan’s takeover offer at RM2 a share

MKH hits billion-ringgit market value after Batu Kawan’s takeover offer at RM2 a share

news

Updated:
  • MKH Bhd reached a nine-year high after Batu Kawan Bhd announced a RM2-per-share takeover offer.
  • The stock rose to RM1.92, valuing MKH at RM1.09 bil, with over 31 million shares traded.
  • Batu Kawan aims to privatize MKH if it secures a 90% stake, enhancing its property and plantation businesses.
Read More
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.
Read More
Rehda commends KPKT for continued Inisiatif Simen Rahmah support

Rehda commends KPKT for continued Inisiatif Simen Rahmah support

news

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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
FT minister files police reports over Taman Segar freehold conversion claims

FT minister files police reports over Taman Segar freehold conversion claims

news

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.
Read More
Bites