News by M

IOI Properties Group Bhd’s (KL:IOIPG) net profit for its third quarter ended March 31, 2024 (3QFY2024) rose 90.9% to RM220.21 million from RM115.38 million a year earlier, mainly thanks to the completion of a land sale in Johor

Vizione Holdings Bhd (KL:VIZIONE), which is valued at RM73.72 million, has secured a RM750 million contract from a company partially owned by its directors for construction works on a mixed development in Gombak, Selangor.

MGB Bhd (KL:MGB), a subsidiary of LBS Bina Group Bhd (KL:LBS), marked the completion of the building structure of Idaman Melur in Cybersouth, Selangor, with a roof-topping ceremony on May 24. The project was completed a month ahead of schedule.

Phillip Capital has maintained its 'buy' rating for AME Elite Consortium Bhd (KL:AME) at RM1.71, with a higher target price of RM2.15 (from RM2), and said AME’s results were within both the house and consensus estimates for the financial year ended March 31, 2024 (FY2024).

Property developer Mah Sing Group Bhd (KL:MAHSING) announced it is setting up a joint venture to develop a data centre in Bangi, Selangor.

Real estate is becoming a new global currency amidst a predicted post-pandemic stagflation, said Juwai IQI chief economist Shan Saeed.

S P Setia Bhd (KL:SPSETIA) on Thursday announced a partnership with China’s Ant Digital Technologies and JaGaSolution to establish a smart community app — Setia Go, to enhance property management quality and improve community engagement for its homebuyers.

OSK Holdings Bhd’s (KL:OSK) net profit for the first quarter ended March 31, 2024 (1QFY2024) rose 10% to RM122.93 million from RM115.09 million, on the back of a 10% rise in revenue to RM367.94 million, versus RM333.20 million.

Shares in IJM Corp Bhd (KL:IJM) hit a record high in early trade on Thursday after the construction-and-property company reported better-than-expected results for the fourth quarter ended March 31, 2024 (4QFY2024).

The Ministry of Investment, Trade and Industry (Miti) said it had secured a commitment by Google to invest US$2 billion (RM9.4 billion) to house the first Google data centre and Google Cloud region in Malaysia.