Property developer Paramount Corp Bhd posted a 49.28% jump in net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) to RM28.2 million from RM18.89 million a year ago, mainly fuelled by improvements in all its business segments, namely property, coworking, investment and others.
Phillip Capital has maintained its “buy” rating on AME Elite Consortium Bhd at RM1.67 with a higher target price (TP) of RM2 (from RM1.96), saying the company’s 9MFY2024 results exceeded both house and consensus estimates.
Noteworthy:
When: November 2023
Hap Seng Consolidated Bhd’s fourth quarter ended Dec 31, 2023 (4QFY2023) net profit fell 61.88% to RM37.36 million, from RM98.02 million a year ago, due to lower operating profit dragged by lower profit contribution from all divisions except building materials division.
Plenitude Bhd’s Cello 3C development at Taman Desa Tebrau, Johor Bahru has recorded “substantial” 60% take-up rate since its sales preview last October.
The old Buddhist Dhamma Sakyamuni Caves Monastery in Gunung Kanthan, Hulu Kinta, Perak, on Wednesday failed to set aside an eviction notice by Associated Pan Malaysia Cement Sdn Bhd (APMC).
Platinum Victory recently launched its mixed development PV22 Residences (PV22) with a view to “redefine a self-sustaining development”.
Majestic Group announced that it is rebranding its name to Majestic Gen Sdn Bhd during the official launching ceremony of Majestic Gen at EQ Kuala Lumpur hotel here on Tuesday.
Malaysia Building Society Bhd (MBSB) posted a 50% jump in fourth quarter net profit to RM301.15 million from RM200.73 million a year earlier, after recording a one-off gain of RM354 million from the acquisition of MIDF Group.
Genting Bhd’s Resorts World Genting, said that it will close two its three casinos, effective Wednesday.
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