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Sime Darby Property confident of defending profit margin

Amid challenges posed by rising construction material costs and potential fuel subsidy rationalisation, Sime Darby Property Bhd (KL:SIMEPROP) said it is confident of continuing to defend its profit margin via a strategic product mix.

DONE DEAL: Bungalow, Ukay Heights, Ampang, Selangor

Noteworthy:

  • Freehold
  • Built-up size: 8,000 sq ft
  • Land size: 26,000 sq ft
  • 9 bedrooms, 7 bathrooms
  • Semi-furnished
  • Nearby amenities: LRT Ampang, KPJ Ampang Puteri Specialist Hospital, Gleneagles Hospital, Royal Selangor Polo Club, Lotus Ampang, KDE Driving Range, Mutiara International Grammar School, Stella Maris Primary School
  • Accessibility: AKLEH, SUKE, MRR2, Jalan Ampang

When: May 2024

Free tram ride in Putrajaya until July 31

Putrajaya Corp (PPj), in collaboration with the Ministry of Transport (MOT),  is having a trial run of the Automated Rapid Transit (ART) trackless tram here until July 31.

LBS posts flat 1Q net profit as revenue drops to lowest in nearly three years

LBS Bina Group Bhd’s (KL:LBS) net profit rose by a marginal 0.11% to RM30.53 million in the first quarter ended March 31, 2024 (1QFY2024), from RM30.5 million a year earlier, helped by increased contribution from its property development business. Earnings per share increased to 1.49 sen from 1.48 sen.