Improved outlook for Coastal on luxe resort plan

[ PETALING JAYA: Coastal Contracts Bhd is building a luxurious resort in Sabah and can expect profitability to improve once occupancy rate increases. That is one of the reasons for TA Research to adjust its earnings forecasts for 2024-2026 by negative 2.7% to 0.8%. It expects immaterial losses to the group in 2024-2025 during development … Read more

Dayang unit gets contract extension

[ PETALING JAYA: Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary, DESB Marine Services Sdn Bhd, has clinched a contract extension for the provision of two units of accommodation workboat from PETRONAS Carigali Sdn Bhd. The extension involved the vessels Dayang Ruby and Dayang Opal, the company said in a filing with Bursa Malaysia. — Bernama Read … Read more