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Ekovest is selling 13 land parcels in Kuala Lumpur to Airman Sdn Bhd for RM66.8 million in a related-party deal. The divestment aligns with Ekovest's property investment focus, allowing it to promptly unlock the land's value. The transaction is expected to enhance the group's financials and cash flow positively. https://dc3x.short.gy/FvFaam O.O
E&O's third-quarter profit rises to RM34 million, driven by property and hotel business https://dc3x.short.gy/dURq7y So far, it doesn't seem to have much impact on the share price
Advancecon Holdings Bhd's (https://rb.gy/yjtbgf) subsidiary, Advancecon Infra Sdn Bhd, secured a RM27.3 million contract from Mujur Minat Sdn Bhd for site clearing and earthworks construction for the Gamuda Gardens Park project in Rawang, Selangor, from Feb 7 to Dec 16, 2024. This boosts the group's order book to RM432 million, sustaining revenue for two years. The company also handles projects for infrastructure, property developments, and industrial ventures.
BAT https://rb.gy/pbh9ub Malaysia's net profit for Q4FY2023 declined by 23.27% to RM47.36 million, attributed to increased operating expenses from launching vapour products. For FY2023, net profit dropped 25.82% to RM194.75 million, with revenue decreasing by 11% to RM2.3 billion. The company's managing director expressed cautious optimism for improved financial performance in FY2024, emphasizing investment in the Vuse vape product. BAT Malaysia supports the Control of Smoking Products for Public Health Bill 2023 but urges evidence-based regulation to combat the tobacco black market.
Tropicana Corp Bhd https://rb.gy/p2sklv reported a pre-tax profit of RM24 million for Q3 2023, a nearly five-fold increase from RM5 million in the same period last year. The revenue for the quarter was RM402.8 million, up by RM81.1 million (25.2%) compared to the previous year. This growth was driven by the completion of a RM71 million disposal of freehold development land in Kajang and Genting Highlands, along with ongoing cost-cutting measures.
OSK posted a net profit of RM123.03mil, which was up from RM112.85mil in the same 2022 quarter. Basic earnings per share was 5.97 sen as compared to 5.47 sen in the comparative quarter.https://t.ly/S7MlS
Bintulu Port Holdings Bhd’s https://shorturl.at/nU023 net profit for the third quarter (3Q) ended Sept 30, 2023, increased to RM32.49 million from RM28.66 million in the same period last year. The group expects to remain positive and resilient in its performance for the remaining period of the year.
Kerjaya Prospek aims to exceed its initial target by securing RM1.5 billion in construction contracts by December 31, 2024, despite a RM404.35 million setback https://shorturl.at/rKMRV
(TNB) is on track to rebrand and transform the Malaysia Green Attribute Trading System (mGATS) into the country’s leading digital marketplace for Renewable Energy Certificates (mREC), with the rebranded mGATS set to launch in the first quarter of 2024. No wonder EPF keep their track on this counter https://prnt.sc/qZIG5Ar7mGPX
