- Scanwolf Corp Bhd deferred a RM7.4 mil loan redemption for a JV.
- The new deadline for the loan is now March 2027.
- This impacts a commercial development in Sungai Buloh.
Scanwolf defers RM7.4m JV loan redemption to March 2027
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Updated:
BIMB assigns 59% premium to Avaland in maiden coverage
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Updated:- BIMB Securities initiated coverage on Avaland Bhd with a "buy" call.
- They project a 59% upside due to a strong project pipeline.
- Avaland's unbilled sales of RM908.8 mil provide multi-year earnings visibility.
Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam
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Updated:- OSK Property announced Jaya Grocer as the anchor tenant for OSK Mori Park in Shah Alam.
- Retail opportunities are open for the 56-unit retail boulevard.
- The integrated development combines homes, retail, and lifestyle offerings.
Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development
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Updated:- Mah Sing Group acquired 14.3775 acres in Ampang for RM186.17 mil.
- This land will become M Araya, a serviced apartment project.
- It has an estimated GDV of RM1.92 bil and targets 2027 for launch.
Matrix Concepts’ 1Q profit slips despite higher revenue
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Updated:- Matrix Concepts' 1Q profit fell 4.4% to RM60.19 mil, despite an 11% revenue increase.
- Lower other income and higher expenses impacted earnings, narrowing the gross profit margin.
- The company remains optimistic, with RM1.5 bil in unbilled sales and new project expansions.
Can Kuala Lumpur become a climate-resilient city?
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Updated:- Kuala Lumpur faces a hotter, wetter future with flash floods and unpredictable monsoons.
- The International Sustainability Week 2026 will address climate resilience.
- Experts emphasise integrated planning and inclusive solutions for urban adaptation.
Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027
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Updated:- Stakeholders proposed Budget 2027 initiatives to the Housing and Local Government Ministry.
- Ideas include better strata management, HOC, and EV charging infrastructure.
- The ministry will assess proposals based on feasibility and financial capacity.
SDB’s 1Q net loss widens to RM8.25m as revenue halves
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Updated:- Selangor Dredging Bhd reported a wider net loss of RM8.25 mil in 1QFY2027.
- Revenue nearly halved due to early project stages and higher costs.
- The company anticipates gradual earnings growth as construction progresses.
Sime Darby Property 2Q profit doubles; sets 40%-60% payout target
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Updated:- Sime Darby Property Bhd's 2QFY2026 net profit more than doubled to RM322.04 mil.
- This growth was driven by strong property development and investment performance.
- The company also announced a new dividend policy targeting 40%-60% payout.
Bina Darulaman returns to profit in 2Q as property earnings offset lower billings
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Updated:- Bina Darulaman Bhd achieved a net profit of RM599,000 in 2QFY2026, reversing a prior loss.
- This turnaround was driven by a strong performance in its property division.
- The company anticipates continued recovery and stable earnings from new contracts.
