Latest news with #MercuMajuniagaSdnBhd
The Star
2 days ago
- Business
- The Star
Trading ideas: SunCon, Vestland, PeterLabs, TWL, UEM Edgenta, IJM, Genting, Carlsberg, KPJ, QL, Farm Fresh, IHH, LHI
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sunway Construction Group Berhad has secured two work orders valued at RM1.2bn to undertake general contractor services for two data centre projects awarded by a US-based technology company. Vestland Bhd has accepted a letter of award from Mercu Majuniaga Sdn Bhd for construction work to a 51-storey serviced apartment at Lorong Raja Uda 2, Kuala Lumpur, worth RM156.9mn. Peterlabs Holdings Bhd has filed a lawsuit against its non-independent non-executive director Datin Lin Ching Yein and substantial shareholder Bu Yaw Seng, amid an intensifying boardroom tussle, to block their bid to call for an extraordinary general meeting. TWL Holdings Bhd 's unit, TWL Avenue (Kapar) Sdn Bhd, has secured RM67.6mn in credit facilities from Alliance Bank Malaysia Bhd for its affordable housing project in Kapar, Selangor. UEM Edgenta Bhd has secured an order book worth RM1.1bn in 1QFY25, bringing the company's cumulative order book to RM9.3bn as at FY25. For 4QFY25, IJM Corp Bhd 's net profit dipped to RM129mn from RM305.5mn in the previous corresponding period, while revenue rose to RM1.79bn from RM1.76bn a year earlier. Genting Bhd net profit shrank to only RM4.6mn for 1QFY25 from RM588.9mn a year ago due to lower quarterly revenue, which fell 12.4% to RM6.5bon from RM7.4bn in 1QFY24. Carlsberg Brewery Malaysia Bhd reported an 8.7% YoY lower revenue of RM662.8mn, impacted by the shorter Chinese New Year timing, but a 7.5% YoY higher net profit of RM94.5mn on for 1QFY25 KPJ Healthcare Bhd net profit fell 20% YoY to RM57.1mn, in 1QFY25, dragged by losses in its overseas operations, coupled with the absence of discontinued operations' contribution in Australia. In 4QFY25, QL Resources Bhd posted a lower net profit of RM93.9mn, bringing its full-year net profit to RM455.6mn. A slew of new products from ice cream to butter and lower input cost lifted Farm Fresh Bhd net profit to a new record high of RM27.7mn in 4QFY25, a 15% YoY increase. IHH Healthcare Bhd has recorded a drop in net profit to RM514mn in 1QFY25 from RM768mn in 1QFY24. In 1QFY25, Leong Hup International Bhd 's net profit jumped 80% to RM101.8mn against RM56.6mn in the year-ago quarter.
The Star
3 days ago
- Business
- The Star
Vestland wins housing contract in KL
PETALING JAYA: Vestland Bhd has accepted a letter of award from Mercu Majuniaga Sdn Bhd for the construction of a 51-storey serviced apartment at Lorong Raja Uda 2, Kuala Lumpur worth RM156.91mil. In a filing with Bursa Malaysia yesterday, the construction company said the contract comprised the design, approval, construction, completion, testing and commissioning of the project and its related facilities. 'The completion of the design and build works under the contract shall be on July 31, 2027, which is 26 months from the commencement date on May 29, 2025.' 'The contract is expected to contribute positively towards the earnings and net assets of the companythe company and its subsidiary for the duration of the contract, assuming no material delay in the timing,' the company added.
The Star
3 days ago
- Business
- The Star
Vestland bags RM156.9mil service apartment job
PETALING JAYA: Vestland Bhd (VLB) has accepted a letter of award (LOA) from Mercu Majuniaga Sdn Bhd for construction work to a 51-storey serviced apartment at Lorong Raja Uda 2, Kuala Lumpur, worth RM156.91mil. In a filing with Bursa Malaysia, the construction company said the contract comprises the design, approval, construction, completion, testing and commissioning of the design and build for the service apartment and its related facilities. 'Completion of the design and build works under the contract shall be on July 31, 2027, which is 26 months from the commencement date on May 29, 2025.' VLB said the contract will have no effect on the issued share capital and substantial shareholders' shareholdings of the company as there is no issuance of new ordinary shares in the company. 'The contract is expected to contribute positively towards the earnings and net assets of the companythe company and its subsidiary for the duration of the contract, assuming no material delay in the timing.'
