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IT has been a tough couple of years for the property market, with developers seeing declines in revenue and sales.
KUALA LUMPUR: Tenaga Nasional Bhd posted its first quarterly loss in more than seven years on higher operating cost and increased impairment of financial instruments.
AFFINHWANG analysts believe Sunway Construction (Suncon) is more resilient than most of its peers as it is in a net cash position (RM0.25/share), has an asset-light model (not involved in the property business), integrated construction capabilities and is competitive in open tenders with its excellent track record.
PETALING JAYA: Alliance Bank Malaysia Bhd’s net profit of RM140.52mil in the second quarter ended Sept 30 is its highest in three years.
KUALA LUMPUR: Alliance Bank Bhd's net profit of RM140.52mil in the second quarter ended Sept 30, 2018 was the highest in three years.