Boustead swings to RM 6.1m profit in 1Q, declares 2.5 sen dividend
Its property division recorded a higher deficit of RM8.1 million, from RM7.4 million, on the back of weaker results from the hotel segment.
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DBKL cancels PPR, public housing repainting contracts
The move came about after disputes over the award of the contracts without an open tender.
TA Global 1Q net profit almost triples on property disposal, compulsory acquisition
Higher earnings were also seen from its property investment and its hotel operations divisions.
Ahmad Zaki Resources 1Q net profit up 49%
On prospects, AZRB said recently, construction stocks faced knee-jerk sell down post-14th general election.
IJM shares fall to 9-year low as MRT3 scrapped, slump in 4Q earnings
IJM’s property development segment showed the largest decline in profitability at 88.9%, impacted mainly by the unrealised foreign exchange loss in the quarter and a 44% drop in revenue.
UOB Kay Hian: Market taken aback by surprise MRT3 cancellation
“A surprise was the scrapping of MRT3, given that the MRT project is seen as an essential public good, and there has been wide public approval of MRT1.”
With MRT3 termination, up to RM100 bil rail jobs to vanish, says CIMB Research
According to CIMB, the hardest hit would be firms with specialty in carrying out rail-related jobs.
SkyWorld: Lands purchased from DBKL have proper valuation and paid accordingly
SkyWorld founder and group MD Datuk Ng Thien Phing said the developer will continue to support the government’s vision of making KL a world class city.
LBS Bina, NWP terminate deal for joint development in China
Both parties have agreed to revoke the heads of agreement (HOA) signed on March 5.
Hap Seng targets RM1.3b GDV in launches this year
It believes demand will remain strong.
