NCT Group inks four collaborations to boost NSIP project
NCT Group of Companies (NCT) has entered into four synergistic collaborations to further strengthen its value proposition for the upcoming NCT Smart Industrial Park (NSIP) project.
EcoWorld International core net loss to narrow in 4QFY22F, says CGS-CIMB
CGS-CIMB Research has maintained its “Hold’ rating on Eco World International Bhd (EWI) at 32 sen with a lower target price (TP) of 35 sen (from 38 sen) and said the company’s 9MFY10/22 results were worse than expectations due to additional costs recognised for built-to-rent (BTR) projects.
Technical indicators encouraging for Mah Sing, says Apex Securities
In a technical stock pick note today, the research house said yesterday’s gains broke the downtrend from RM1.09 in April 2021, and also the previous significant resistance.
Cagamas to host Asia conference on financing green housing
Cagamas Bhd is set to host the “Developing and Financing Green Housing in Asia” conference (DFGH 2022) on Sept 21, 2022 in Kuala Lumpur.
KKB gets letter of subcontract and purchase order worth RM17m
The contract is to build a proposed glove factory in the Petchem Industrial Park, Tanjung Kidurong, Bintulu, Sarawak (Sarawak Medical Innovation and Technology Hub).
BNM likely to follow through with third 25 bps rate hike in September, says UOB
In its September Central Bank Watch note released on Wednesday (Aug 31), UOB said that besides internal factors, expected outsized US Federal Reserve rate hikes in the coming months and global monetary conditions would also be taken into consideration by Malaysia's central bank in its September meeting.
UMW disposes of 140 acres of land in Serendah to LONGi for RM304.9m
UMW Group is disposing of 140 acres (56.66 hectares) of land at the UMW High Value Manufacturing Park (UMW HVM Park) in Serendah to LONGi (Kuching) Sdn Bhd for RM304.92 million.
Sunway Construction posts threefold jump in 2Q net profit, declares three sen dividend
Sunway Construction Group Bhd's (SunCon) net profit for the second quarter ended June 30, 2022 (2QFY22) jumped threefold to RM32.3 million from RM8.32 million a year earlier, due to a low base and higher revenue from all segments.
Matrix Concepts 1Q net profit jumps 48% to RM47 mil, declares three sen dividend
Matrix Concepts Holdings Bhd's net profit for the first quarter ended June 30, 2022 (1QFY23) jumped 48.44% to RM47.03 million from RM31.69 million a year ago, on the back of a 40.3% growth in revenue to RM229.3 million from RM163.4 million.
HLIB downgrades Sentral REIT, lowers target price to 91 sen
Hong Leong IB (HLIB) Research has downgraded Sentral REIT to “hold” at RM1.01 with a lower target price (TP) of 91 sen (from 99 sen) and said Sentral REIT recorded 2QFY22 core net profit of RM18.5 million (-9.4% q-o-q; -2.3% y-o-y) and 1HFY22 core net profit of RM38.8 million (-2% y-o-y).
