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Insights and Calculators Edge Reference Price Buy vs Rent calculator Quick Loan Check Credit & Loan Eligibility Report Research Location Scan EdgeProp HomeAdvisor Report Area Outlook Projects Directory Home Services Sell my property Submit home finder request Renovate my property Exclusive Broadband Promo Q&A Legal Q&A with Chris Tan Fengshui Q&A with Dato Joey Yap Guides Buying Renting Selling Home Financing Investing Home Improvement

News by Surin Murugiah

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Mah Sing's 1Q net profit rises 16% to RM50m

29 May, 2023

Mah Sing Group Bhd's net profit for the first quarter ended March 31, 2023 (1QFY2023) rose 15.9% to RM50.06 million, from RM43.18 million a year earlier, on higher property sales.

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MCT returns to the black with 1Q net profit of RM136k

25 May, 2023

MCT Bhd returned to profitability in the first quarter ended March 31, 2023 (1QFY2023) with net profit RM136,000, versus net loss RM12.19 million a year earlier, on the back of higher property sales.

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Sime Darby Property’s 1Q net profit up 17% to RM60.67 mil

25 May, 2023

Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2023 (1QFY2023) rose 17% to RM60.67 million from RM51.84 million previously, mainly contributed by its property development segment.

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Maybank IB upgrades S P Setia for undemanding valuation, target price 70 sen

18 May, 2023

Maybank Investment Bank Research has upgraded S P Setia Bhd (SPSB) to “Buy” at 53 sen with an unchanged target price (TP) of 70 sen and said SPSB’s 1Q23 core net profit of RM50.3 million (-7.6% y-o-y, -49.3% q-o-q) was in line with estimates.

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Mid Valley City closed until further notice after fire incident

17 May, 2023

Mid Valley City will be closed until further notice after a fire incident on Wednesday (May 17) morning.

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Berjaya Land eyes high-speed rail project with launch of rail unit

17 May, 2023

Berjaya Land Bhd (BLand) is venturing into the rail business with the launch of Berjaya Rail Sdn Bhd (Berjaya Rail), with intent to venture into the rail business, particularly in the high-speed rail project.

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NCT Group inks deal with Socso to strengthen talent development

15 May, 2023

The NCT group of companies has inked a memorandum of understanding (MOU) with the Social Security Organisation (Socso) to promote employment and enhance talent acquisition in Selangor.

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Gains from Genting Malaysia’s Miami land disposal a large windfall, says Nomura

27 April, 2023

Gains from Genting Malaysia Bhd’s (GenM) planned disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald Land) for US$1.225 billion (RM5.433 billion) represent a large windfall for the company, according to Nomura.

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Genting Malaysia expects to gain RM4.289b from Miami land sale

27 April, 2023

Genting Malaysia Bhd (GenM) expects to realise an estimated gain on disposal of US$967 million (RM4.289 billion) from the disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald land) for US$1.225 billion.

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news

Mohammed Rashdan to step down as Gamuda deputy group MD

25 April, 2023

Rashdan has given up all directorships effective immediately while his last day at Gamuda will be June 30.

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