Gamuda eyes RM3bil to RM4bil worth of infrastructure projects over the next 12 months. KUALA LUMPUR: CIMB Equities Research has raised the target price for  Gamuda Bhd from RM5.92 to RM5.97 – which is an upside of 21.8% from its last traded price of RM4.90 while the infrastructure and property...

PETALING JAYA: Gamuda Bhd recorded RM152.1mil in net profit for the fourth quarter ended July 31, 2016, down marginally by 1%, while revenue was at RM614.4mil, also lower by 1.4%.In its announcement to Bursa Malaysia, the group said the decrease in revenue was mainly due to tapering of underground...

BY CAITLYN NG LI YUINliyuin@ocision.comTHE recently concluded StarProperty.my forum touched on a variety of topics, from the effects of the overnight policy rate (OPR) and leveraging one’s profile in mortgage, to the growth and development of Putrajaya.Ho presenting his talk on the growth and...

  KUALA LUMPUR: Eco World Development Group Bhd’s 9MFY16 net profit beat expectations, making up 92% of CIMB Equities Research full-year forecast and 86% of consensus.The research house said on Wednesday the outperformance was driven mainly by lower-than-expected selling and marketing expenses....

Chang: ‘This overwhelming response is the best vote of confidence we can get.’ PETALING JAYA: Property developer Eco World Development Group Bhd’s net profit for the third quarter ended July 31 soared 375% to RM44.58mil compared with the corresponding quarter a year ago on contributions from...

BY DALJIT DHESI Relief for middle and low income earners to get attention tooPETALING JAYA: Budget 2017, which will be tabled on Oct 21, is likely to be modestly expansionary with emphasis on high infrastructure spending, selective relaxation for property purchases, promotion of growth areas,...

PETALING JAYA: Conglomerate Sime Darby Bhd, which owns a 22.2% stake in property developer Eastern & Oriental Bhd (E&O), has agreed to sell a 10% stake at a lower price to E&O group managing director Datuk Seri Terry Tham than the price they agreed on in early June.Sime Darby said in a stock...

BY ZAZALI MUSA ISKANDAR PUTERI: The state government has no plans to freeze the construction of retail and shopping complexes in Johor especially in Iskandar Malaysia.Johor Housing and Local Government committee chairman Datuk Abdul Latiff Bandi said it would send a wrong signal to investors if...

BY VIJENTHI NAIR and TAN AI YENGResidents say a 39-storey building will stick out like a sore thumb amidst the low-rise properties nearby. — Photos: ART CHEN/The Star THERE is a legal avenue for the public to object to a development proposal in their vicinity, known as Rule 5, but just how...

BY ZAZALI MUSAA filepic of an open space where residents can get closer to nature. ISKANDAR PUTERI: Plans are in the pipeline to allocate more green areas or open spaces especially within Iskandar Malaysia which is the country’s first economic growth corridor.Johor Housing and Local Government...