News by Surin Murugiah

Nomura Research said it was “negatively surprised” by the news of the collapse of the proposed  sale by Genting Malaysia Bhd (GenM) of a 15.5-acre block of land in Miami, Florida for US$1.23 billion.

Mah Sing Group Bhd has named former navy chief Admiral (R) Tan Sri Abu Bakar Abdul Jamal as its chairman.

Genting Malaysia Bhd (GenM) said the purported purchaser of its of its 15.5-acres of land in Miami has elected to end its current bid.

It said Gamuda’s foray into Australia already accounted for 71% of its  orderbook of RM20.5 billion as at Jan 31.

Denmark retained its position at the top of the ranking for the second straight year.

NCT Alliance Bhd posted a net profit of RM7 million for its first quarter ended March 31, 2023.

Econpile Holdings Bhd has received a letter of acceptance worth US$9.5 million (RM43.77 million) for a project in Cambodia.

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.

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.

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.