Analysts see possible minor reviews, delay in MRT3 awards and tenders to late 1H2023
Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.
MRCB returns to black in 3Q, boosted by higher recognition from construction progress, sales of completed inventory
The tremendous improvements were due to higher recognition from construction progress and sales of completed inventory which showed a marked pick-up after two years of Covid-19 related disruptions and numerous construction site closures, the group said in its latest financial results announcement on Wednesday (Nov 30).
MRCB buys Quill’s 39% stake in Sentral REIT manager
Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.
MRCB returns to the black in 2Q with RM14.1 mil net profit as operations normalise
MRCB added that the strong set of earnings was further boosted by the construction progress of the Light Rail Transit 3 (LRT3) project, despite shortages in labour and key building materials.
Selangor govt appoints MRCB to redevelop Shah Alam Stadium
KUALA LUMPUR (July 18): Malaysian Resources Corp Bhd (MRCB) has been appointed by the Selangor government to redevelop the Shah Alam Stadium, according to a news report.
MRCB launches Ipoh Raya Integrated Park -- a sustainable integrated logistics park in Perak
IPOH (June 10): Malaysian Resources Corporation Berhad (MRCB) has launched Ipoh Raya Integrated Park, marking the developer's first foray into the industrial and logistics market.
MRCB 1Q profit jumps 170%, lifted by LRT3 and property projects
KUALA LUMPUR (June 1): Malaysian Resources Corp Bhd (MRCB) said its first quarter (1Q) net profit soared 170% to RM14.
MRCB to see stronger earnings through LRT 3 consolidation, says HLIB
KUALA LUMPUR (May 17): Malaysian Resources Corporation Bhd (MRCB) could see a stronger earnings performance moving forward supported by the consolidation of the Light Rail Transit 3 (LRT 3) project, according to Hong Leong Investment Bank (HLIB) Research.
George Kent to explore new growth opportunities in domestic, regional railway space
KUALA LUMPUR (Oct 20): Following the completion of the disposal of its entire 50% equity interest stake to Malaysian Resources Corporation Bhd (MRCB) last Wednesday (Oct 13), George Kent (Malaysia) Bhd said it is looking forward to exploring new growth opportunities.
MRCB gets RM2.3m final award on costs in LRT3 project funding dispute with George Kent
KUALA LUMPUR (Sept 27): Malaysian Resources Corp Bhd (MRCB) has on Friday received the final award on costs from the Asian International Arbitration Centre (AIAC), which mediated in the MRCB-George Kent (M) Bhd (MRCBGK) dispute involving both companies' shareholders’ agreement dated June 8, 2015.
