Maybank IB expects Gamuda’s core net profit to hit RM1b mark in FY2025
In a note on Monday, the research house said Gamuda’s FY2023 CNP grew 7% year-on-year, another record high, as contributions from overseas engineering and construction (E&C) jobs offset earnings foregone post the sale of its tolled highways in October 2022.
UEM Sunrise issues RM350 mil in Islamic medium-term notes
The property developer issued the new IMTNs in two tranches: a RM200 million first tranche with a five-year tenure and a RM150 million second tranche with a seven-year tenure.
Sunway ceases to be substantial shareholder of IJM
Sunway said its wholly-owned subsidiary Fortuna Gembira Enterpris Sdn Bhd ceased to be a substantial shareholder of IJM after selling 2.
Rehda chairman Datuk Ng Tiong Lip appointed as Capitaland’s non-executive director
The former chief executive officer of Sunway Real Estate Trust (REIT), who retired last June 30 after reaching the age of 66, was also an adviser of the Malaysian REIT Managers Association.
E&O executive chairman, executive director up stake to 50.39% via RM14.1 mil loan stock conversion
According to a bourse filing on Friday, Eng Seng and Eng Ho’s vehicle Kerjaya Prospek Development (M) Sdn Bhd on Sept 27 converted 60 million ICULS to shares at 23.
UEM Sunrise partners UM to improve water quality of Kepong Metropolitan Park’s lake
The water quality evaluation was necessary to activate Kiara Bay's waterfront development within the integrated township, ensuring a safe and pleasant environment for the community's enjoyment and activation of various water activities.
Iconic Group introduces Iconic Marjorie Hotel; signs franchise deal with Marriott International
Iconic Group chairman and Iconic Penang director Datuk Seri Tan Kean Tet said the collaboration with Marriott signified the group’s effort to expand its presence in the hotel industry.
Knusford hits two-and-a-half-year high after Lim Kang Hoo proposes consolidation of group biz under Ekovest
On Wednesday, Lim proposed to undertake a reorganisation, rationalisation and merger proposal involving companies in which he is a major shareholder, namely Knusford, Ekovest, Iskandar Waterfront Holdings Sdn Bhd (IWH), and Iskandar Waterfront City Bhd (IWCity).
Gamuda hits all-time high after posting RM1.84 bil profit in FY2023
On Wednesday, Gamuda reported that its net profit rose to RM1.
