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IJM 1Q profit jumps 44% on construction boost, declares 10 sen special dividend

IJM 1Q profit jumps 44% on construction boost, declares 10 sen special dividend

news

Updated:
  • IJM Corp's 1Q net profit rose 43.7% to RM137.4 mil, driven by strong construction activity.
  • Revenue increased 32.2% to RM2.29 bil, with construction and manufacturing leading.
  • The company expects continued strong performance from its construction division this fiscal year.
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Sime Darby Property’s recurring-income push gains traction

Sime Darby Property’s recurring-income push gains traction

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Updated:
  • Sime Darby Property is shifting towards recurring income from data centres, retail, and logistics.
  • This strategy underpins a new dividend policy of 40%-60% payout of PATAMI.
  • Property development remains the main earner, but recurring income is growing.
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IJM names Lee Teck Yuen as chairman to succeed Krishnan Tan

IJM names Lee Teck Yuen as chairman to succeed Krishnan Tan

news

Updated:
  • IJM Corp Bhd appointed Datuk Lee Teck Yuen as chairman, effective Aug 27.
  • Lee brings over 40 years of industry experience to the role.
  • He succeeds Tan Sri Krishnan Tan, who retired as part of a planned transition.
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BIMB assigns 59% premium to Avaland in maiden coverage

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.
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Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam

Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam

news

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.
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Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development

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.
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Matrix Concepts’ 1Q profit slips despite higher revenue

Matrix Concepts’ 1Q profit slips despite higher revenue

news

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.
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Can Kuala Lumpur become a climate-resilient city?

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.
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Scanwolf defers RM7.4m JV loan redemption to March 2027

Scanwolf defers RM7.4m JV loan redemption to March 2027

news

Updated:
  • 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.
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Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027

Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027

news

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.
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