Sunway Construction posts flat 2Q net profit, declares 3.5 sen dividend
SunCon is actively seeking both external and in-house jobs and is confident of achieving its new targeted orders of RM1.5 billion by year end.
Damansara Realty slips into the red in 2Q as sales cost, opex weigh
“The [PLD] segment recorded RM7.07 million revenue in 1HFY2018, compared with RM13.26 million in 1HFY2017. The decrease was mainly due to fewer units sold in 1HFY2018 especially from the Aliff Square 2 project in Johor Bahru.”
Oriental Interest buys RM36m plot in Kedah to expand landbank
The group said the acquisition is in line with its strategy to focus on development in the northern region of Peninsular Malaysia and to continuously replenish and expand its existing landbank in strategic locations.
Axis REIT eyes RM190m worth of assets
Axis REIT Managers Bhd said it has identified the assets for acquisition, and negotiations with the sellers are ongoing and expected to take at least six months.
AXIS REIT’s NPI rose 15% in 2Q with bigger portfolio size
The occupancy rate stands at 94% with a stable weighted average lease expiry of 5.5 years.
D’nonce Technology looks to diversify, names new CEO
The industrial packaging company said it had entered into an agreement for the exclusive rights to develop a 6,774 sq m piece of land in Seberang Perai Tengah, Penang for RM10 million.
Mega First’s hydropower project in Laos unaffected by dam collapse
“The construction of the Don Sahong Hydropower Project is still ongoing and is currently 65% complete.”
I-Bhd 2Q net profit up 5.6% on higher profit margin
I-Bhd said it expects the property development segment to continue to contribute positively to the group’s performance in the current financial year...
Econpile sees flow of jobs returning to normal in a year
“Within one year, we think the normal construction pace will come back. You will see work package contractors like us likely to benefit from the whole new system,” Pang said.
IWCity jumps as Bandar Malaysia talk resurfaces
News reports quoted Damansara MP Tony Pua as saying no companies had responded to the Malaysian Government's tender request for the development of Bandar Malaysia.
