Construction firm Kerjaya Prospek Group Bhd’s net profit margin will likely improve in coming quarters on lower tax and potential writeback in provisions, said its chairman on Thursday.
A group of minority shareholders, who claimed to own at least 10% stake in Kumpulan Jetson Bhd, are making a second attempt to call for an extraordinary general meeting to replace the group’s incumbent board of directors.
Chin Hin, which owned a 28.72% stake in Signature as at Jan 16, is proposing to buy another 4.77% stake from Teoh Hai Hin and Por Tong Eng for RM25.45 million cash or 84 sen per share.
Earnings per share grew to 0.54 sen for 3QFY2024 from 0.2 sen a year ago.
Net income rose to RM9.95 million or 1.90 sen per unit for 3QFY2024, from RM8.33 million or 1.60 sen per unit a year ago.
Practice Note 17 (PN17) company Perak Corp Bhd is looking to raise RM63.5 million by entering into an early settlement of its entitlement over a 247.85-acre joint development project with ARX-YSC Sdn Bhd at Muallim, Perak.
Loke also said signing the concession agreement early gives certainty to the private-sector operator to further invest in the infrastructure.
Under the new agreement, the government will stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting from 2029.
The Kuala Lumpur-Singapore high-speed rail (HSR), which is estimated to cost RM100 billion, will be challenging to undertake without involvement from the government, said Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann.
Magna Prima Bhd, which drew the attention of Bursa Malaysia Securities Bhd following a spike in its share price over the last three days, said it is in “final stage of negotiations for the monetisation of one of its land bank”.