News about edge

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.

According to Deputy Minister of Housing and Local Government Datuk Aiman Athirah Sabu, there are 175 unlicensed abandoned private housing projects remaining in Peninsular Malaysia.

MRCB said it plans to focus on boosting cash flow by monetising its unsold completed stock, which amounted to RM342.

From better progress billings and project cost savings, capital financing from a growing loan portfolio, and better economies of scale and industries from growing demand for cables and the industrialised building system (IBS).

Looking to the final quarter of the financial year, IOI Properties said the group is optimistic of a satisfactory performance, adding that its property development segment in the Klang Valley is poised to improve with a strong pipeline of launches while its Johor projects are well-capitalised on various proposed initiatives taking shape in the state.

The integrated construction engineering outfit will undertake the main contract works for Phase 2 and 3 of the development under the contract it received from property developer Fields Of Forest Sdn Bhd (FOFSB).

MGB mentioned that the early completion of Idaman Melur was made possible through the use of the company's in-house industrialised building system (IBS) precast concrete technology.

In a note on Friday, the research house said AME missed its earlier set property sales target of RM350 million (actual: RM284 million) in FY2024 due to timing of conversion, instead of the demand factor.

Among other public-listed companies that have announced their own data centre ventures include YTL Power International Bhd (KL: YTLPOWR) and Sime Darby Property Bhd (KL:SIMEPROP).

The latest gold award was presented to SkyWorld’s for the third instalment of its Awani series, SkyAwani 3, located in Setapak, Kuala Lumpur.