Scientex's 3Q2021 net profit surges 57.8% to RM109.9m
PETALING JAYA (June 23): Packaging manufacturer and property developer Scientex Bhd’s net profit rose 57.
Developers bank on established locations
For the astute investor, every adversity offers a window of opportunity Although the already soft property market has been further pressured by the impact of the Covid-19 pandemic, the business of property development has continued to fight tooth and nail.
The passing of Datuk Teo Chiang Quan: We have lost a great leader - Rehda
PETALING JAYA (May 24): The Real Estate and Housing Developers' Association (Rehda) Malaysia has lost a mentor and a pillar of support following the passing of Datuk Teo Chiang Quan, Paramount Corp Bhd chairman and executive director, said Rehda president Datuk Soam Heng Choon (pictured).
Construction, property segments pull Gadang 3Q net profit down 10% q-o-q
KUALA LUMPUR (April 29): Gadang Holdings Bhd saw its net profit for the third quarter ended Feb 28, 2021 (3QFY21) slide 10.
Tafi Industries to venture into property development via JV with Cameron Highlands land owner
KUALA LUMPUR (Nov 5): Tafi Industries Bhd has proposed a diversification of its operations to include property development and construction activities, via a conditional joint venture (JV) with E Prompt Sdn Bhd, for the development of a 33-acre (13.
It's Flat Seri Kedah's turn now for a facelift
The refurbishment continues! On a slightly overcast Saturday morning on Sept 5, some 12 community volunteers from Perumahan Awam Seri Kedah or Flat Seri Kedah public housing scheme here in Gombak Setia, Kuala Lumpur rolled up their sleeves to begin refurbishment works on their outdoor sports court.
Bina Puri to raise up to RM9m via private placement
KUALA LUMPUR (July 11): Bina Puri Holdings Bhd plans to place out new shares — up to 10% of its enlarged issued share capital — to independent third-party investors to be identified later, to raise up to RM9.
Sime Darby Prop 1Q profit down on lower property development income, higher finance costs
KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.
SP Setia 1Q net profit down 62% as MCO hits property, construction segments
KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.
Jalil Rasheed: PNB to step away from property development after 118 completed
KUALA LUMPUR (May 14): Permodalan Nasional Bhd (PNB) president and group chief executive officer Jalil Rasheed said today that the state-owned asset manager would step away from property development upon completion of its RM5 billion megastructure in 2024.
