Scientex acquires Penang land for RM462.5 mil for future development
Property developer Scientex Bhd (KL:SCIENTX) said on Friday it is acquiring land in Seberang Perai, Penang for RM462.50 million to expand its land bank for future development.
Taiwan’s Siliconware breaks ground for RM6 bil facility in Penang
Taiwan-based Siliconware Precision Industries Co Ltd broke ground on Friday for its semiconductor packaging and testing facility worth RM6 billion at Bandar Cassia Technology Park in Penang.
YTL, related stocks snap rally after 3Q results
Shares of utilities-to-hotels conglomerate YTL Corporation Bhd (KL:YTL) and its related stocks on Friday snapped consecutive days of rally despite notching earnings growth in their third quarter (3QFY2024) financial results.
YTL Corp's 3Q net profit rises 20% on higher contribution from all business segments
YTL Corp Bhd (KL:YTL) posted a 19.8% increase in net profit for its third financial quarter ended March 31, 2023 (3QFY2024), as all of its business segments — construction, cement and building materials, property investment and development, management services and others, hotels, and utilities — reported higher earnings.
Avaland's 1Q net profit soars to RM21m on higher revenue
Avaland Bhd's (KL:AVALAND) net profit for the first quarter ended March 31, 2024 (1QFY2024) soared to RM21.17 million, from RM136,000 a year earlier, on the back of advanced construction progress in the group’s ongoing projects, namely Aetas Damansara, Alira Subang Jaya, Casa Embun and Sanderling.
Sime Darby Property surges to fresh six-year high on data centre venture
Shares of Sime Darby Property Bhd (KL:SIMEPROP) surged to a fresh six-year high on news of the developer’s entry into the data centre space while analysts scrambled to raise their target prices.
Axis REIT to acquire two auto service centres for RM125m
Axis Real Estate Investment Trust (KL:AXREIT), which mainly manages offices and warehouses, said on Thursday it is acquiring two automotive service centres worth RM125 million.
Cahya Mata Sarawak 1Q net profit down 10%
Cahya Mata Sarawak Bhd’s (CMS) (KL:CMSB) net profit fell 10.1% to RM38.25 million for the first quarter ended March 31, 2024 (1QFY2024) from RM42.56 million a year earlier.
KLCCP Stapled Group reports marginal increase in 1Q earnings, pays 9 sen dividend
KLCCP Stapled Group (KL:KLCC) registered a 4.1% increase in net profit for the first quarter ended March 31, 2024 (1QFY2024) to RM188.03 million from RM180.56 million a year earlier, on the back of steady performance across its business segments.
Fajarbaru's 3Q profit soars over 14 times to highest in over 20 years
Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR) saw its net profit jumped more than 14 times to RM27.19 million for the third quarter ended March 31, 2024 (3QFY2024), from RM1.91 million a year earlier, mainly due to higher contribution from property development segment.
