GuocoLand (Malaysia) Bhd saw a 38% decline in net profit for its third financial quarter ended March 31, 2017 (3QFY17) to RM8.34 million from RM13.35 million a year ago, which it attributed to a high base effect after it sold a piece of land on Jalan Kia Peng last year.
Anzo Holdings Bhd has been slapped with yet another unusual market activity (UMA) query by Bursa Malaysia, after its share price plunged by 19.5 sen or 35.14% to 36 sen today.
The company is en route to a listing on the Main Market of Bursa Malaysia by June this year.
MIDF Research has projected the construction industry to grow by 6.5% this year, lower than Construction Industry Development Board's (CIDB) forecast of 8% and the sectoral growth rate recorded in 2016.
LMT intends to hold the land, measuring 115.31 acres (46.66ha) in total, with the view to develop and construct another port or terminal there, Perak Corp said in a filing with Bursa Malaysia.
The company said the plots, with a total cost of RM26.77 million, will make up a 2.75-acre land needed to develop EkoQuay, which will commence construction in 2018.
Majuperak Holdings Bhd is disposing of two plots of leasehold land measuring 664.78 acres in Kinta, Perak for RM17.72 million cash, the company announced yesterday.
The proposal in 2014 to buy the freehold plot from Genting Property Sdn Bhd for RM34.85 million was for the development of a shopping centre, AEON said in a filing today.
Kerjaya Prospek Group Bhd has bagged a contract worth RM31.6 million to develop 32 three-storey terrace houses in Penang, the company announced today.
Will the central bank consider raising OPR when real interest rates continue to fall?
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