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.
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.
KUALA LUMPUR (Aug 24): The Ministry of Economic Affairs (MEA) is disappointed by the remarks made by United Nations special rapporteur on extreme poverty and human rights Professor Philip Alston, who suggested that Malaysia has a poverty rate of about 15%.
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KUALA LUMPUR (Aug 20): Singapore’s owner-operator of purpose-built workers accommodation (PBWA) Centurion Corp Ltd is expanding in Malaysia, which will include a new asset in Johor that offers 3,600 beds by next year.
KUALA LUMPUR (Aug 9): The trial for Riza Shahriz Abdul Aziz (pictured), stepson of Datuk Seri Najib Razak, entailing five charges of money laundering amounting to US$248.
PETALING JAYA (July 29): The Malaysia Virtual Property Expo 2019 (VPEX 2019) is offering a host of goodies for buyers of participating projects including Temasya 8 Business Suites in Temasya Glenmarie and Althea semidee homes in Alam Impian, Selangor.
KUALA LUMPUR (June 26): The next building and property development trend will be to build for wellness of its inhabitants, said immediate past president of Pertubuhan Akitek Malaysia (PAM) Ezumi Harzani and chairman of the Green Building Index Sdn Bhd.
PETALING JAYA (June 8): Malaysians are increasingly used to living in condos, high rise and strata properties and it looks like this “lifestyle” has also been adopted by a furry citizen of ours.
KUALA LUMPUR (June 4): Dolomite Corp Bhd’s wholly-owned subsidiary Dolomite Industries Co Sdn Bhd (DICSB) has entered into a share sale agreement with Sunway Holdings Sdn Bhd (SHSB), for the proposed sale of its entire equity interest in Dolomite Granite Quarry Sdn Bhd (DGQSB) for RM125 million.
PETALING JAYA: The DATUM:KL 2019 is back for its 17th installation this July and is expected to attract more than 2,000 participants.
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