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Axis-REIT proposes RM61m acquisition of Pulau Indah warehouse properties

Axis-REIT proposes RM61m acquisition of Pulau Indah warehouse properties

Updated:
  • Axis-REIT proposes to acquire three industrial land parcels from Megalift for RM61 mil cash.
  • The properties will be leased back to Megalift for five years.
  • This acquisition aligns with Axis-REIT's growth strategy and uses existing bank financing.
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Magna Prima posts RM1.82m 2Q loss despite higher revenue

Magna Prima posts RM1.82m 2Q loss despite higher revenue

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Updated:
  • Magna Prima Bhd reported a net loss of RM1.82 mil in 2QFY2026, despite revenue growth.
  • A significant tax expense of RM3.30 mil exceeded its pre-tax profit.
  • First-half results showed a profit, driven by property development activities.
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IGB 2Q profit nearly doubles as development, property investments lift earnings

IGB 2Q profit nearly doubles as development, property investments lift earnings

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Updated:
  • IGB's Q2FY2026 profit nearly doubled to RM146.66 mil, driven by retail and commercial property investments.
  • Revenue increased by 16.1% to RM525.20 mil, with property development revenue jumping 171%.
  • The company remains optimistic about its retail and commercial segments, despite rising cost pressures.
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Paramount 2Q profit rises 33% on stronger property segment

Paramount 2Q profit rises 33% on stronger property segment

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Updated:
  • Paramount Corp Bhd's 2Q profit rose 33% to RM29.02 mil, driven by its property segment.
  • Revenue increased 20% to RM276.97 mil; a three sen dividend was declared.
  • The company plans RM1.6 bil in new project launches for the second half of 2026.
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Sunsuria 3Q net profit more than doubles to RM19m, aided by KLCG gains

Sunsuria 3Q net profit more than doubles to RM19m, aided by KLCG gains

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Updated:
  • Sunsuria Bhd's 3QFY2026 profit more than doubled to RM19.02 mil, aided by KLCG subsidiary gains.
  • Quarterly revenue slightly decreased, but PBT rose due to these gains.
  • The company is expanding its development pipeline with new projects like RIA Sunsuria.
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MUI Properties slips into 4Q loss on impairments; FY2026 profit jumps

MUI Properties slips into 4Q loss on impairments; FY2026 profit jumps

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Updated:
  • MUI Properties Bhd reported a net loss of RM25.07 mil in 4QFY2026.
  • This was due to impairment losses, fair value losses, and lower revenue.
  • Full-year profit, however, surged to RM83.42 mil, driven by significant land sales.
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UOA Development 2Q profit rises 4.2% as revenue jumps 70%

UOA Development 2Q profit rises 4.2% as revenue jumps 70%

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Updated:
  • UOA Development Bhd's 2Q net profit rose 4.2% to RM95.59 mil due to strong revenue growth.
  • Revenue surged 69.9% to RM221.20 mil from progressive property recognition.
  • However, first-half net profit declined 17% to RM137.53 mil despite increased revenue.
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WCT 2Q profit slips 4% as revenue falls 33%

WCT 2Q profit slips 4% as revenue falls 33%

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Updated:
  • WCT Holdings Bhd's 2QFY2026 profit fell 4% to RM14.71 mil due to weaker property and construction.
  • Revenue declined 33% to RM370.32 mil, with EPS at 0.94 sen.
  • The company faces challenges in construction but expects stable property demand.
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Berjaya Property returns to 4Q profit as property segment improves

Berjaya Property returns to 4Q profit as property segment improves

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Updated:
  • Berjaya Property Bhd returned to profit in 4QFY2026, driven by property development.
  • Consolidated losses increased, however, due to various factors.
  • The company remains cautiously optimistic for FY2027 despite a widened full-year loss.
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Axis-REIT proposes RM61m acquisition of Pulau Indah warehouse properties