Widad Group Bhd’s unit has secured a RM116.8 million contract to build Phase 1A of the Tok Bali Industrial Park in Gong Kulim, Kelantan for the East Coast Economic Region Development Council.

Chin Hin Group Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) fell 29.38% to RM11.59 million from RM16.41 million a year ago, due to higher administrative expenses and finance cost.

Land & General Bhd (L&G) has appointed a new director to its board while redesignating one of its directors to a senior director.

SkyWorld Development Bhd has declared its first interim dividend of RM12.5 million or 1.25 sen per share for the second quarter ended Sept 30 (2QFY2024), after posting a net profit of RM19.1 million or 2.53 sen per share.

Noteworthy:

• Leasehold
• Built up size: 786 sq ft
• 1 bedroom, 1 bathroom
• Fully-furnished
• Nearby amenities: Convenience stores, F&B outlets, The Gardens Mall, MidValley Megamall, LRT Abdullah Hukum, LRT Universiti
• Accessibility:  NPE highway, KESAS highway

When: October 2023

The ban on short-term rental in Penang has resulted in an increase in property values and rental yields, according to Eastern & Oriental Bhd (E&O).

Property developer Eastern & Oriental Bhd (E&O) has recorded a net profit of RM29.73 million in its second financial quarter ended Sept 30, 2023 (2QFY2024), a huge leap from the RM16,000 net profit posted a year ago, mainly due to enhanced revenue and absence of unrealised foreign exchange loss of RM19.9 million recognised in 2QFY2023.

RHB Investment Bank Research (RHB IB) has maintained its "buy" rating on Kerjaya Prospek Group Bhd at RM1.49 with a new target price (TP) of RM1.71 (from RM1.78) and said the company is in a sweet spot to secure more jobs in the coming months.

China-based Zhejiang UNITY Technology Co Ltd on Wednesday signed a memorandum of understanding (MOU) with NCT Group of Companies to set up its facility in NCT Smart Industrial Park (NSIP) in Sepang, Selangor.

Think City managing director Hamdan Abdul Majeed was conferred a Special Citation by the United Nations Human Settlements Programme (UN-Habitat) on Sunday (Nov 19), in recognition of his leadership and contributions to urban regeneration.