MRCB 3Q earnings hit by re-timing of LRT project and absence of divestment gain
KUALA LUMPUR (Nov 22): Delay in the Light Rail Transit (LRT) 3 project and absence of one-off divestment gain have resulted in a sharp 87.
Dato' Sri Dr Judin receives highest accolade at MCIEA 2019
KUALA LUMPUR (Oct 4): As many as 18 industry players were honoured at the Malaysian Construction Industry Excellence Awards (MCIEA) 2019 here tonight.
Sime Darby confirms Abdul Rahman will take over as chairman
KUALA LUMPUR (Aug 28): Permodalan Nasional Bhd (PNB) president and group chief executive officer (CEO) Datuk Abdul Rahman Ahmad will assume the role of chairman and non-independent non-executive director of Sime Darby Bhd upon Tan Sri Dr Wan Abdul Aziz Wan Abdullah's retirement on Oct 31 this year.
MRCB's LRT3 progress billings expected to pick up in 2H
Malaysian Resources Corp Bhd (Aug 27, 72 sen) Maintain hold with a lower target price (TP) of 74 sen: Malaysian Resources Corp Bhd’s (MRCB) net profit of RM15 million (-72% year-on-year [y-o-y]) for the cumulative six months of financial year 2019 (6MFY19) is only 11% to 16% of the market consensus and our previous FY19 forecast of RM94 million to RM137 million.
Lower property billings push down MRCB's 2Q profit
KUALA LUMPUR (Aug 27): Malaysian Resources Corp Bhd’s (MRCB) net profit fell 67% in the second quarter ended June 30, 2019 as it recognised lower billings from its property development projects.
George Kent, MRCB say LRT3 project funding dispute is over priority of options
KUALA LUMPUR (Aug 16): Both George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) yesterday clarified that the dispute between them over the financing requirements for their joint venture (JV) company that is undertaking the Light Rail Transit 3 (LRT3) project is to do with the priority of funding options.
George Kent, MRCB in LRT3 funding dispute
KUALA LUMPUR (Aug 14): A dispute has arisen between George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) over financing requirements for their joint-venture (JV) company that is undertaking the construction of the Light Rail Transit Line 3 (LRT3).
EITA Resources LRT3 contract value cut 65% to RM67.45m
KUALA LUMPUR: EITA Resources Bhd’s contract to supply lifts and escalators for the light rail transit Line 3 (LRT3) project has been revised, with the contract sum cut by a whopping 65.
MQReit 2Q NPI falls 12.4%, declares 3.43 sen DPU
KUALA LUMPUR (Aug 7): MRCB-Quill REIT (MQReit)'s net property income (NPI) for the second quarter ended June 30, 2019 (2QFY19) fell 12.
