News by Tan Xue Ying

Cagamas said its one-year RM410 million scheme comprised RM180 million worth of conventional medium term notes and RM230 million Islamic medium term notes.

ML Global has bagged a demolition and reconstruction works contract for Menteri Besar Selangor Incorporated (MBI Selangor) worth RM38 million.

The annualised 1HFY17 DPU translates to a yield of 6.46% based on MQREIT's closing price of RM1.31 on June 30.

The counter touched a high of RM3.03 before settling at RM3 on market close, giving it a market capitalisation of RM1.59 billion.

SHL Consolidated Bhd's joint venture with Japan-based Marubeni Corp is looking at tapping into Myanmar's affordable housing market.

IWCity registered a net profit of RM147,000 for 2QFY17, compared with a net loss of RM3.82 million in the corresponding quarter last year.

The group attributed its project mix as the driver of the increase in its final quarter profit, as gross profit margin stayed relatively flat at 40%, compared with 39% last year.

Moving forward, the group said it is "confident to achieve higher revenue and profitability", judging from its RM2.7 billion order book as at end June 30.

The group remains cautious for its property development division, and will only proceed with launches of its Kota Kinabalu, Kulai and Bukit Jalil projects after pre-sales information shows improvement in market sentiment.

"We cannot just sit by and not do anything about it (disruptive technology), therefore we are also going into this area of technology to enable us to perform better," said Sunway's founder cum chairman, Tan Sri Dr Jeffrey Cheah.