Latest news with #MalaysianResourcesCorporationBerhad
New Straits Times
5 days ago
- Sport
- New Straits Times
Olympic House is part of KL Sports City
KUALA LUMPUR: The Olympic House will be the crowning glory of the Kuala Lumpur Sports City in Bukit Jalil. Designed and developed by Malaysian Resources Corporation Berhad (MRCB), the master developer of the Kuala Lumpur Sports Complex, the Olympic House will span 5.38 acres with a gross floor area of 140,973 square feet. The new headquarters will bring together 58 national sports associations (NSAs) under one roof to foster closer collaboration and enhance governance in sports management. The purpose-built facility will feature modern amenities including an auditorium, resource centre, gymnasium, museum, gallery, cafe, surau, and more. Youth and Sports minister Hannah Yeoh said that the Olympic House completes the KL Sports City. "We want KL Sports City to be a hub for all things related to sport. This area is frequented by many young people, especially women and sports enthusiasts, so the presence of the Olympic House completes KL Sports City," said Yeoh after completing the groundbreaking ceremony in Bukit Jalil, on Thursday. "We already have Malaysia's first women's clinic for athletes, a childcare centre for female athletes and coaches, and now the Sportswriters Association of Malaysia (SAM) also has a space here at KL Sports City. "We have upgraded the Putra Stadium to accommodate more sports. And now, with the Olympic House, I believe that the national sports associations and affiliated bodies will have a base to work closely with the wider sports community here. "My hope is that the gallery under OCM becomes a draw for the public – especially those waiting around for concerts. Thousands gather here for hours with nothing to do. With a gallery or a sports museum, they can learn about our sporting history and heroes. "I'm seeking the cooperation of the Kuala Lumpur mayor to ensure the smooth development of the Olympic House. By the time the 2027 Sea Games come around, we want certain sections of the project ready for launch."
The Sun
5 days ago
- Sport
- The Sun
PM Anwar urges early completion of Olympic House in Bukit Jalil
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has called for the Olympic House project to be completed earlier than its planned 2028 deadline. The new Olympic Council of Malaysia (OCM) headquarters is being developed by Malaysian Resources Corporation Berhad (MRCB) at Kuala Lumpur Sports City in Bukit Jalil. Anwar expressed enthusiasm for the project during its groundbreaking ceremony, praising OCM president Tan Sri Mohamad Norza Zakaria for his leadership. 'This project signifies progress, as housing over 50 organisations under one roof will foster interaction, idea-sharing, and constructive criticism to elevate sports performance,' he said. Youth and Sports Minister Hannah Yeoh also attended the event. Anwar linked the Olympic House to the Malaysia MADANI vision, emphasising its role in empowering the public, particularly young athletes. 'We must ensure sports involvement extends beyond a small elite group to include the broader community,' he added. The 140,973-square-foot facility will unite 58 national sports associations to improve collaboration and governance. It will feature modern amenities such as an auditorium, resource centre, gymnasium, museum, gallery, café, and surau. Sustainable elements include solar-powered signage, smart lighting, rainwater harvesting, and energy-efficient fixtures. The 5.38-acre site will replace the ageing Wisma OCM, built in 1991 near Stadium Merdeka. Anwar assured continued government support for OCM, provided governance improvements prioritise athletes over council members. He highlighted discussions with Hannah Yeoh to enhance sports schools and athlete development programmes. - Bernama
Yahoo
06-03-2025
- Business
- Yahoo
Returns Are Gaining Momentum At Malaysian Resources Corporation Berhad (KLSE:MRCB)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Malaysian Resources Corporation Berhad (KLSE:MRCB) so let's look a bit deeper. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Malaysian Resources Corporation Berhad is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.025 = RM173m ÷ (RM9.3b - RM2.3b) (Based on the trailing twelve months to December 2024). Thus, Malaysian Resources Corporation Berhad has an ROCE of 2.5%. Ultimately, that's a low return and it under-performs the Construction industry average of 9.1%. View our latest analysis for Malaysian Resources Corporation Berhad In the above chart we have measured Malaysian Resources Corporation Berhad's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Malaysian Resources Corporation Berhad . Malaysian Resources Corporation Berhad has broken into the black (profitability) and we're sure it's a sight for sore eyes. The company now earns 2.5% on its capital, because five years ago it was incurring losses. On top of that, what's interesting is that the amount of capital being employed has remained steady, so the business hasn't needed to put any additional money to work to generate these higher returns. So while we're happy that the business is more efficient, just keep in mind that could mean that going forward the business is lacking areas to invest internally for growth. So if you're looking for high growth, you'll want to see a business's capital employed also increasing. In summary, we're delighted to see that Malaysian Resources Corporation Berhad has been able to increase efficiencies and earn higher rates of return on the same amount of capital. Given the stock has declined 16% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. That being the case, research into the company's current valuation metrics and future prospects seems fitting. If you want to continue researching Malaysian Resources Corporation Berhad, you might be interested to know about the 1 warning sign that our analysis has discovered. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
