News by M

Eversendai Corp Bhd (KL:SENDAI) has teamed up with a unit of Abu Dhabi-based Emirates Steel Arkan Group (ESA), for the development of the Trojena Ski Village project in Saudi Arabia.

Genting Plantations Bhd’s (KL:GENP) recent acquisition of land in Bogor, Greater Jakarta, will increase its estimated end-FY2025 net debt of RM1.23 billion (22% net gearing) to RM1.58 billion (29% net gearing), which remains manageable. 

Since its inception in 2000, the township has grown into a thriving community of more than 70,000 residents exhibiting the exemplary Malaysian culture of diversity, inclusivity, and most importantly, educational excellence.

Construction company Ingenieur Gudang Bhd (KL:INGENIEU) reported a net profit of RM6.48 million for the second quarter of its financial year 2024 (2QFY2024), driven by gains from asset disposals and higher construction revenue.

Genting Plantations Bhd (KL:GENP), in which Genting Bhd (KL:GENTING) owns a 55.4% stake, is planning to buy two plots of land in Indonesia for RM593 million, for property development.

Trading of securities in Grand Central Enterprises Bhd (KL:GCE) will be suspended on Monday (July 22) from 9am to 5pm, pending the release of a material announcement.

The Building Industry Presidents’ Council (BIPC) chaired by president Jeffrey Chiang Choong Luin has reinforced its objection towards the mandatory Human Resource Development Corp’s (HRD Corp) mandatory levy collection for the building industry, following the recent allegations of fund misappropriations.

Shares in Haily Group Bhd (KL:HAILY) surged on Friday to a new all-time high since the construction company's listing three years ago, after announcing a contract win.

Shares in Gamuda Bhd (KL:GAMUDA) surged to a new record high on Thursday, boosted by news that its joint venture (JV) in Australia secured a contract worth A$1.6 billion (RM5 billion) and renewed interest in construction stocks on Bursa Malaysia.

Real estate industry experts highlighted that the need for old building refurbishment and modernisation is dire, as about two-thirds of Malaysia’s existing old buildings that no longer meet current building codes, energy efficiency, and safety regulations, will still be used until 2050.