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Vestland’s 2Q net profit rises 12% on higher design-and-build revenue

Vestland’s 2Q net profit rises 12% on higher design-and-build revenue

news

Updated:
  • Vestland Bhd's 2QFY2026 net profit rose 11.8% to RM11.95 mil, driven by design-and-build revenue.
  • Revenue increased 17.4% to RM250.24 mil, with design-and-build accounting for 79.8%.
  • The company maintains a strong RM1.3 bil order book, ensuring future earnings visibility.
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AZRB hit with fresh winding-up petition over RM408,000 debt

AZRB hit with fresh winding-up petition over RM408,000 debt

news

Updated:
  • Ahmad Zaki Resources Bhd faces a new winding-up petition for RM407,753 in unpaid bills.
  • This adds to several recent petitions against the company for outstanding payments.
  • Despite this, the company expects no significant financial impact and is negotiating a resolution.
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Architects of the future: building Malaysia’s next generation of semiconductor talent

Architects of the future: building Malaysia’s next generation of semiconductor talent

news

Updated:
  • Malaysia's 1Q2026 investments were strong, with RM92.8 bil approved and 50,000 new jobs.
  • The focus is shifting from investment figures to high-skilled talent development.
  • This includes engineers and IC designers, crucial for future industry growth.
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Do auction buyers inherit sellers’ strata arrears?

Do auction buyers inherit sellers’ strata arrears?

news

Updated:
  • Auction purchasers are not liable for prior owners' unpaid maintenance fees in specific judicial sales.
  • This applies when the sale is court-supervised, not a voluntary transfer.
  • Buyers must still perform due diligence for all auction types.
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Spotting locations for expansion: MyNews combines market survey with data analytics

Spotting locations for expansion: MyNews combines market survey with data analytics

news

Updated:
  • MyNews, Malaysia's largest homegrown convenience store chain, uses a hybrid approach for expansion.
  • They combine data analytics with on-the-ground assessments to select new store locations.
  • This strategy helps them adapt to changing consumer habits and urban development patterns.
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Growing price, performance gap prompt existential dilemma for ageing office buildings

Growing price, performance gap prompt existential dilemma for ageing office buildings

news

Updated:
  • Kuala Lumpur's office market faces a growing divide between modern, sustainable towers and ageing blocks.
  • Newer buildings offer better amenities, technology, and employee experience, attracting tenants.
  • Older offices struggle with demand, occupancy, and asset values.
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Exsim Hospitality's full year profit doubles as hospitality management, fit-out revenues jump

Exsim Hospitality's full year profit doubles as hospitality management, fit-out revenues jump

news

Updated:
  • Exsim Hospitality Bhd's net profit more than doubled in FY2026 to RM40.75 mil.
  • This growth was driven by its expanding fit-out and hospitality management businesses.
  • The company secured new contracts, boosting its order book to RM495.09 mil.
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SkyWorld Development 1Q net profit jumps 84% to RM5.3m

SkyWorld Development 1Q net profit jumps 84% to RM5.3m

news

Updated:
  • SkyWorld's net profit rose 84.3% to RM5.26 mil in 1QFY2027 due to ongoing projects.
  • Revenue increased 45.7% to RM108.67 mil, driven by progressive recognition.
  • The company targets over RM2 bil in new launches for FY2027, including a Vietnam expansion.
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Inta Bina’s 2Q net profit rises 7.2% despite lower revenue

Inta Bina’s 2Q net profit rises 7.2% despite lower revenue

news

Updated:
  • Inta Bina Group Bhd's 2QFY2026 net profit rose 7.2% to RM10.36 mil despite lower revenue.
  • This improvement was driven by higher profit from completed construction projects.
  • The group declared a 0.5 sen per share dividend and has a RM1.6 bil order book.
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FBG seeks orderly exit from RM111.45m MediCity deal in Batu Kawan

FBG seeks orderly exit from RM111.45m MediCity deal in Batu Kawan

news

Updated:
  • FBG Holdings Bhd wants to end its MediCity collaboration with PDC.
  • Its subsidiary proposed ceasing the development agreement.
  • Discussions are ongoing regarding the collaboration's conclusion.
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Vestland’s 2Q net profit rises 12% on higher design-and-build revenue