Property developer GuocoLand (Malaysia) Bhd’s net profit rose 29.42% to RM8.71 million in its third quarter ended March 31, 2023 (3QFY2023) from RM6.73 million a year earlier (3QFY2022).

Maybank Investment Bank Research has upgraded S P Setia Bhd (SPSB) to “Buy” at 53 sen with an unchanged target price (TP) of 70 sen and said SPSB’s 1Q23 core net profit of RM50.3 million (-7.6% y-o-y, -49.3% q-o-q) was in line with estimates.

Noteworthy:

• Leasehold
• Built-up size: 1,573 sq ft
• 4 bedrooms, 4 bathrooms
• Serviced residence
• Fully furnished
• Nearby amenities : convenience stores, schools, eCurve, The Curve, IPC, 1 Utama, MRT Mutiara Damansara, MRT Bandar Utama
• Accessibility :NKVE highway, LDP 

When: April 2023

Three non-governmental organisations (NGOs) have lambasted Gamuda Bhd’s claim that the Penang South Island (PSI) project was approved after rigorous environmental impact assessment (EIA) process and public’s overwhelming support.

S P Setia achieved commendable sales of RM1.03 billion for the first quarter ended March 31, 2023 while revenue came in at RM968 million with a corresponding profit before tax of RM116 million.

The Master Builders Association Malaysia (MBAM) has commenced its 21st edition of the annual Safety and Health Conference 2023 at Sunway Resort Hotel on Wednesday (May 17).

Mid Valley City will be closed until further notice after a fire incident on Wednesday (May 17) morning.

In a filing to Bursa Malaysia on Wednesday (May 17), the REIT said the proceeds raised will be used to partially fund its RM2.2 billion acquisition of Pavilion Bukit Jalil (PBJ Mall) from Malton Bhd.

Berjaya Land Bhd (BLand) is venturing into the rail business with the launch of Berjaya Rail Sdn Bhd (Berjaya Rail), with intent to venture into the rail business, particularly in the high-speed rail project.