Core net profit for the first three months ended March 31, 2024 (1QFY2024) accounted for 29% of consensus’ full-year estimates, which was above expectations, as analysts noted that SimeProp usually reports stronger results in the second half.
The report also highlighted that due to significant immigration inflows into major cities in the region, home prices and rent have risen materially.
In a note on Monday, the research house said that based on its assessment, Ho Chi Minh City is set to grow and be a major driver of Gamuda Land’s growth in Vietnam while maintaining the country’s contribution of at least 25% to 30% of group revenue in the coming years.
The research house said Kerjaya’s new order wins would remain largely from internal projects, comprising circa 60% of its RM1.
The company’s construction arm announced on Wednesday (May 15) that it landed a contract worth RM174.
To be completed in 36 months, the contract is slated for completion by May 21, 2027, Mitrajaya showed in a bourse filing.
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Spanning 25,083 square meters, the facility, which began operations in October 2023, manufactures cable tie products.
“Another thing we are suggesting is that when you file income tax, the number of houses you have bought will be automatically stipulated in your income tax form.
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