Selangor Dredging 4Q profit jumps eight times on property revaluation
KUALA LUMPUR (June 1): Selangor Dredging's net profit jumped by more than eight times to RM50.
Higher profit margin lifts SHL 4Q earnings, pays 6 sen dividend
KUALA LUMPUR (June 1): Property developer SHL Consolidated Bhd's net profit in the final quarter of its financial year 2017 grew 6%, boosted by higher profit margin registered in its property development and construction business.
MRCB ropes in EPF to develop Bukit Jalil land
KUALA LUMPUR (June 1): Malaysian Resources Corp Bhd (MRCB) is partnering with its largest shareholder, the Employees Provident Fund (EPF), to jointly develop three parcels of leasehold land in Bukit Jalil into an integrated development, which will have a potential gross development value (GDV) of RM21 billion over a 20-year period.
IWCity’s 1Q net loss widens over 11 times on one-off expense
KUALA LUMPUR (June 1): Iskandar Waterfront City Bhd (IWCity) saw its first-quarter net loss widen more than 11 times to RM56.
Sentosa Cove property market stirs
AFTER a three-year slump, signs of life are returning to the property market in Sentosa Cove.
Slump in construction drags Vivocom's 1Q profit down 74%
KUALA LUMPUR (May 31): Vivocom International Holdings Bhd's net profit fell 74% to RM5.
Marco plans to diversify into property sector
UALA LUMPUR (May 31): Marco Holdings Bhd — the distributor of Casio watches, calculators, digital cameras and musical instruments — plans to expand its business into property development in the next two years.
Ascott Residence Trust acquires Doubletree by Hilton hotel in Manhattan for S$148 mil
SINGAPORE (May 31): Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.
Hap Seng eyes more acreage in Sabah
KUALA LUMPUR (May 31): Hap Seng Consolidated Bhd is looking at expanding its acreage in Sabah as it continues to expect stable contributions from its palm oil plantations division.
Mah Sing says expanding landbank as 1Q revenue tops RM723 mil
KUALA LUMPUR (May 31): Mah Sing Group Bhd is expanding its landbank as the property developer plans some RM1.
