News about transit

The construction of Phase 2 of the Mass Rapid Transit (MRT) project is 99% completed and will be operational by next month as scheduled, Bernama reported Prasarana Malaysia Bhd president and group chief executive officer Datuk Seri Azmi Abdul Aziz as saying today.

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.

KUALA LUMPUR (May 26): Econpile Holdings Bhd posted a record net profit for the third financial quarter ended March 31, 2017 (3QFY17), on higher billings recorded coupled with increased overall project order book secured.

Ikhmas Jaya Group Bhd (May 3, 72 sen) Maintain buy with an unchanged target price of 76 sen: Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.

KUALA LUMPUR (May 4): Malaysian Resources Corp Bhd (MRCB), the master developer of KL Sentral, sees rising demand for residential properties at transit-oriented developments (TODs) by city dwellers and aims to tap more into this property segment.

JOHOR BAHRU (MAY 2): The Iskandar Regional Development Authority (IRDA) is in the final stages of discussions on the Johor-Singapore Rapid Transit System (RTS).

KUALA LUMPUR (April 11): The Malaysian construction industry is expected to grow by 8% in volume this year, underpinned by ongoing mega infrastructure projects, Construction Industry Development Board (CIDB) said.

PETALING JAYA (April 8): A community or strata property can only be managed well if the owners and residents share the right attitude about the importance of their role in managing the property, said DN Homeowners Bhd chairman, Andy Khoo.

KUALA LUMPUR (March 24): Gamuda Bhd, whose share price hit an all-time high yesterday, reported a 4% growth in net profit in its second financial quarter ended Jan 31, 2017 (2QFY2017) to RM166.

KUALA LUMPUR (March 22): Leon Fuat Bhd has been offered a total of RM45.