The value of unclaimed estates left by the deceased since independence in Malaysia is in the region of RM60 billion. That is food for thought.

Pesona’s total order book now stands at around RM2.2 billion, translating into a decent cover of 4.3 times on financial year 2017 (FY17) construction revenue.

Yesterday, IJM Corp Bhd announced that they had accepted a contract award amounting to RM505 million from Affin Bank Bhd for the construction and completion of the superstructure work of the proposed 47-storey office building at Tun Razak Exchange (TRX) in Kuala Lumpur.

The acquisition of Green Leaf Niseko Village Hotel is expected to be completed by end of first half of FY19. 

For FY18, Kerjaya Prospek has secured about RM500 million worth of contracts (from Bukit Bintang City Centre and Seri Tanjung Pinang Phase 2), accounting for 42% of our RM1.2 billion targeted replenishment.

Operations would continue as usual as Media Prima has entered into a tenancy agreement for Balai Berita Bangsar (headquarters) and Shah Alam (printing plant).

The group had successfully achieved RM1.1 billion new sales as of August 2018, which accounted for 64% of its sales target of RM1.8 billion set for this year.

Its property arm was the star performer as PBT jumped 87% y-o-y and 94% q-o-q to RM45 million for 1QFY19 (it was the highest contributor at 44% of group PBT).

A view on the Malaysian housing market.

Management said the group secured new sales of RM10 million from Tiong Nam Business Park @ Batu Pahat 8 project year to date (YTD).