MRCB shares fall as below-view 1Q prompts caution
On Thursday, MRCB reported that its net profit for 1QFY2024 plunged 65% year-on-year to RM3 million, due to lower sales and billings, following the completion of two major projects.
MRCB reports 65% drop in 1Q net profit on lower sales, billings
MRCB said it plans to focus on boosting cash flow by monetising its unsold completed stock, which amounted to RM342.
MRCB's 4Q profit jumps to RM80m on disposal gains, from RM13m a year ago
For the property development segment, “the company’s immediate priorities moving forward remain on enhancing its cash flow by monetising its unsold completed stock”, which stood at RM384.
TH Properties and MRCB launch Padang Residences in RM3.09b Kota Semarak mixed development in KL
Padang Residences is part of the RM3.
Updated: IJM climbs to five-year high after joining consortium to bid for KL-S'pore HSR job
Last Friday, IJM Construction confirmed that it has teamed up with Berjaya Land Bhd’s 70%-owned subsidiary Berjaya Rail Sdn Bhd, Malaysian Resources Corp Bhd (MRCB) and national railway company Keretapi Tanah Melayu Bhd to bid for the project.
MRCB, Berjaya Land and IJM confirm in consortium to bid for KL-Singapore HSR project
Sources said other technical members of the consortium include Japan’s Hitachi Rail STS, which specialises in providing signalling systems, Hyundai Rotem Co, a South Korean company that manufactures rolling stock, and German rail operator Deutsche Bahn AG’s unit DB Engineering & Consulting GmbH.
Berjaya Land, MRCB shares surge following reported partnership on KL-Singapore HSR bid
Notably, BLand shares touched a three-year high, surging as much as 9.
Berjaya Land, IJM, MRCB and KTMB join forces to bid for KL-Singapore HSR job
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
MRCB to acquire PJ Sentral office tower development rights from PKNS for RM270 mil
The acquisition consideration will be satisfied through the disposal of malls and several residential units to PKNS, and funding through internally generated funds.
Sentral REIT completes RM450 mil acquisition of Menara CelcomDigi from MRCB
Sentral REIT had on July 25 struck a deal with MRCB’s wholly-owned unit Puncak Wangi Sdn Bhd to acquire Menara CelcomDigi, a 27-storey office building.
