Avaland Bhd has more than doubled its net profit to RM68.2 million in the nine months period ended Sept 30, 2024 (9M2024) from RM28.5 million in the previous corresponding period.

Johor Corporation (JCorp) is investing in a bearing manufacturing facility together with Tianma Precision Sdn Bhd, a subsidiary of Zhejiang Tianma Bearing Group Co Ltd, in Tanjung Langsat Industrial Complex in Johor in a deal worth RM440 million.

Zelan Bhd’s (KL:ZELAN) chief executive officer Mohd Ariff Abd Samat has departed from the post three months after his appointment.

PropNex Malaysia is hosting another open house this weekend (Nov 23 and 24) to allow home hunters to feast their eyes on a number of landed properties (mainly bungalows, semidee units and town houses) located in Kuala Lumpur and Selangor.

Sime Darby Property Bhd (KL:SIMEPROP) said it has already hit 91% of its full-year sales target of RM3.5 billion for 2024 by September. Its unbilled sales stood at RM3.7 billion.

Noteworthy:

• Leasehold
• Built-up size: 4,950 sq ft
• Land size: 1,650 sq ft
• 1 room, 1 bathroom
• Unfurnished
• Nearby amenities: LRT Bandar Puteri, IOI Mall Puchong, Columbia Asia Hospital - Puchong, Taman Wawasan Recreational Park, various residential areas
• Accessibility: LDP, NPE, KESAS, Federal Highway, ELITE

When: June 2024

IFCA MSC Bhd (KL:IFCAMSC) said it is targeting RM440 million in new sales over the next three years mainly through new customers arising from its property management system solutions, optimising pricing and growing its distributors programme.

Digital investment platform StashAway Malaysia has surpassed the RM1 billion mark in assets under management (AUM) as of 2023, about five years since its inception in 2018.

Bandar Tun Razak — located in the district of Cheras, Kuala Lumpur — is just a 20-minute drive from the city centre. The most recent population data for the 25 sq km-township states that it is home to 191,318 residents, as of 2020. 

Melaka-based property developer Teladan Group Bhd's (KL:TELADAN) revenue expanded 17.7% to RM80.67 million — the highest since it was listed in March 2021 — for the financial quarter ended Sept 30 (3QFY2024) from RM68.56 million in the same quarter a year ago.