Gagasan Nadi Cergas 2Q net profit down 77% as MCO halt construction activities
KUALA LUMPUR (Aug 19): Construction group and concessionaire Gagasan Nadi Cergas Bhd saw its net profit fall 76.
Jobless rate may hit 4.5% this year due to MCO — RAM
KUALA LUMPUR (Aug 17): The unemployment rate in 2020 may range from 4% to 4.
REITs: Raising gearing limit 'seen as timely'
KUALA LUMPUR (Aug 15): The temporary increase of the gearing limit for real estate investment trusts (REITs) by the Securities Commission Malaysia (SC) “is seen as timely for the sector”, The Edge Malaysia reported recently.
LBS Bina: Our digital platforms were ready when Covid-19 happened
KUALA LUMPUR (Aug 15): LBS Bina Group Bhd’s digital investments made before the Covid-19 pandemic “are starting to bear fruit”, The Edge Malaysia reported.
Not all gloom and doom in the industrial property market
The Covid-19 pandemic almost paralysed Malaysia during the Movement Control Order (MCO) lockdown period for six weeks from March 18, but business owners are optimistic that the market is gradually resuming its pace especially in the current Recovery MCO.
AmBank: Sunway Construction could still turn in a small profit in 2QFY20
KUALA LUMPUR (Aug 10): AmInvestment Bank Research (AmBank) has maintained “Underweight” on Sunway Construction Group Bhd at RM1.
Malaysia unemployment rate drops as sectors reopen during RMCO
KUALA LUMPUR (Aug 7): Malaysia's June 2020 unemployment rate declined month-on-month to 4.
Online shopping for properties gaining popularity
From the implementation of the Movement Control Order (MCO) on March 18 up till the current Recovery MCO phase we are in now, the habits of consumer spending have been skewed towards digital platforms.
KLCC Stapled Group 2Q net profit drops as retail, hotel segments heave under MCO
KUALA LUMPUR (Aug 6): KLCC Stapled Group saw its net profit for the second quarter ended June 30, 2020 (2QFY20) fall by 22.
Worst probably over for Sunway REIT as analysts see earnings recovery
KUALA LUMPUR (Aug 4): The worst is probably over for Sunway Real Estate Investment Trust (Sunway REIT), analysts said today, as they expect the property trust’s earnings to recover in the coming quarters after the group contended with the impact of the Covid-19-driven movement control order (MCO) in Malaysia to curb the outbreak.
