News by M

Malaysia Building Society Bhd’s (MBSB) net profit in the first quarter ended March 31, 2017 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.

Sentoria Bina Sdn Bhd will take on a construction project involving 506 units of single-storey semi-detached houses in Pahang worth RM60.8 million.

Aleksandra Flasz from Poland emerged as the winner of The Apartment: Rising Stars Edition.

Jaks Resources Bhd net profit for the first quarter ended March 31, 2017 surged 600% to RM7.5 million from RM1.07 million a year earlier, driven mainly by its construction division, especially its Vietnam EPC construction work.

Anzo Holdings Bhd said it is partnering with a subsidiary of a Chinese firm to take part in the construction of Paragon@KL Northgate, a mixed development project carrying a gross development value of RM3.6 billion. 

Stripping out the additional buyer stamp duty and the fair value gain on investment properties of RM7.4 million, the group's operating profit was RM125 million or 58% higher than 3QFY16.

Property developer Eastern & Oriental Bhd (E&O) returned to the black in the fourth quarter ended March 31, 2017 (4QFY17), posting a net profit of RM49.44 million or 3.93 sen per share, compared with a net loss of RM14.4 million or 1.15 sen loss per share a year ago, driven by its property segment.

Wing Tai Malaysia Bhd (WTM) shares hit limit up in thin trade this morning after its controlling shareholders offered to take company private at RM1.80 per share — 52% premium over its last traded price of RM1.18.

UOA Development recorded new property sales of RM303 million in 1QFY17 (at 19% of our full-year new sales target of RM1.6 billion), increasing 79% y-o-y yet declining by 44% quarter-on-quarter.

Dutaland Bhd shares fell 7.62% in early trade today after it posted a net loss of RM3.69 million in its third quarter ended March 31, 2017.