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Although the tie-up with Singapore's GuocoLand Ltd may yield longer-term benefits for UEM Sunrise Bhd, CIMB Securities has lowered the stock's target price (TP) to 86 sen per share from 98 sen previously.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
UEM Sunrise Bhd has signed a memorandum of understanding (MoU) with Singapore-based GuocoLand Ltd to jointly develop selected freehold landbank in Iskandar Puteri, Johor.
KUALA LUMPUR: UEM Sunrise Bhd has signed a memorandum of understanding (MoU) with Singapore-based GuocoLand Ltd to jointly develop selected freehold landbank in Iskandar Puteri, Johor.
PETALING JAYA: Guocoland (Malaysia) Bhd believes that challenges remain in the domestic property sector from elevated interest rates and rising construction costs leading to depressed profit margin.
Guocoland (Malaysia) Bhd believes that challenges remain in the domestic property sector from elevated interest rates and rising construction costs leading to depressed profit margins.
KUALA LUMPUR: Guocoland (M) Bhd’s net profit increased to RM54.41 million for its financial year ended June 30, 2024, from RM34.61 million a year earlier.
KUALA LUMPUR: Guocoland (M) Bhd’s key focus remains the timely completion of its on-going development projects and monetisation of its inventories.
KUALA LUMPUR: Guocoland (M) Bhd will continue to focus on monetising its inventories and progressing its development projects for timely completion.
KUALA LUMPUR: Stocks to watch on Tuesday include Sime Darby Bhd, GuocoLand (M) Bhd, Hextar Industries Bhd (HIB), Advancecon Holdings Bhd, LBS Bina Group Bhd, Ibraco Bhd, SLP Resources Bhd, Asdion Bhd and Maxis Bhd.
KUALA LUMPUR: Guocoland (M) Bhd will continue to focus on monetising its inventories and progressing its development projects for timely completion.
Guocoland (M) Bhd will continue to focus on monetising its inventories and progressing its development projects for timely completion.
KUALA LUMPUR: Guocoland (M) Bhd will continue to focus on monetising its inventories and progressing its development projects for timely completion.
PETALING JAYA: Guocoland (M) Bhd hinted at acquiring more land and launching new property projects, after its property development business consistently delivered stronger revenue over the past three consecutive quarters.
KUALA LUMPUR: Boustead Holdings Bhd, S P Setia Bhd, Perdana Petroleum Bhd, GuocoLand (M) Bhd, Kobay Technology Bhd, Volcano Bhd, OSK Ventures International Bhd, Edelteq Holdings Bhd and Mi Technovation Bhd are among the stocks to watch today, according to Apex Securities.
KUALA LUMPUR: Stocks in focus on Tuesday include MMHE, Pesona Metro, Muhibbah Engineering, Lagenda, Careplus, Berjaya Food, Guocoland and Tambun Indah Land, said Apex Research.
Guocoland (M) Bhd will continue to focus on monetising its inventories and progressing its development projects for timely completion.
KUALA LUMPUR: The trading spotlight could be on stocks with recent corporate newsflow including Guan Chong, Apex Healthcare, Duopharma, Berjaya Food, GuocoLand, Swift Haulage, Dayang, MK Land, PLS Plantations and MAHB, said JF Apex Research.
PETALING JAYA: Guocoland (M) Bhd has returned to the black, posting a net profit of RM3.76mil in the second quarter ended Dec 31, 2021, driven by the better performance of the property development segment and lower losses from the hospitality division.
GuocoLand Malaysia recently hosted its first digital grand draw event as a culmination of its BEST campaign.
