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News by M

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IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash

02 December, 2024

IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) (KL:IGBCR) is buying two office floors in Menara Southpoint of Mid Valley City from its sponsor and parent company, IGB Bhd (KL:IGB), for RM62.4 million cash. IGB holds 53.84% in IGB Commercial REIT.

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IGB pays 12 sen dividend for FY2024, including a five-sen special, as 3Q profit jumps 27%

02 December, 2024

IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from its retail, commercial and hotel segments.

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Nextgreen Global's 3Q net profit quadruples on strong manufacturing performance

02 December, 2024

Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment.

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LBS surges in early trade after disposal gain boosts earnings and special dividends

02 December, 2024

LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to posting quarterly earnings which were boosted by a one-off disposal gain.

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Launches at Sime Darby Property’s Elmina City Centre record good take-up

29 November, 2024

Two recent launches at Sime Darby Property’s Elmina City Centre have seen strong demand.

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Lightwater Residences at The Light City, Penang opens for registration

29 November, 2024

Lightwater Residences located within integrated development within The Light City has opened for registration.

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Sabah-based IBS system maker Colform gets Bursa nod for ACE Market listing

29 November, 2024

Colform Group Bhd’s upcoming debut on the ACE Market of Bursa Malaysia Securities has received the nod from the capital market operator, the steel and building material specialist based in Kota Kinabalu said.

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Al-Aqar REIT announces 1.9 sen DPU despite 11% drop in 3Q net income

29 November, 2024

Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) (KL:ALAQAR) net income fell 11% year-on-year to RM15.63 million in the third quarter ended Sep 30, 2024 (3QFY2024), following a drop in net rental income. 

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With more than 90% local buyers, E&O foresees owner-occupiers to dominate Andaman Island

28 November, 2024

Eastern & Oriental Bhd foresees its Andaman Island development to be largely occupied by local residents who have bought into the development.

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KSL's 3Q net profit up 19.6% on higher sales

28 November, 2024

Property developer KSL Holdings Bhd (KL:KSL) posted a 19.63% rise in net profit for the third quarter, due to higher sales of properties in its flagship developments in Johor Bahru, Kluang and Klang.

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