<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 15): Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM174.3 million to build a hospital in Shah Alam, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>The group, through its wholly-owned Pembinaan Mitrajaya Sdn Bhd, accepted the contract from Avisena Healthcare Sdn Bhd on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>To be completed in 36 months, the contract is slated for completion by May 21, 2027, Mitrajaya showed in a&nbsp;bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Mitrajaya, which is involved in construction and property development, has been loss-making for three consecutive quarters.</p></div>

<div class=newsTextDataWrapInner><p>For the fourth quarter ended Dec 31, 2023 (FY2023), the group logged a net loss of RM2.46 million against a net profit of RM2.27 million a year earlier, as it saw lower finance income, while revenue dropped 18.89% year-on-year to RM46.18 million.</p></div>

<div class=newsTextDataWrapInner><p>Still, net profit for the full FY2023 about doubled to RM14.1 million from RM7.4 million, as cumulative revenue rose to RM294.78 million from RM259.58 million. The stronger full-year profit was mainly due to a one-off gain from the disposal of land in Pulau Melaka, which contributed RM63 million to revenue and a profit before tax of RM32.52 million.</p></div>

<div class=newsTextDataWrapInner><p>Mitrajaya shares finished one sen or 3.57% lower at 27 sen on Wednesday, giving the company&nbsp;a market capitalisation of RM209.56 million.</p></div>


Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM174.3 million to build a hospital in Shah Alam, Selangor.

The group, through its wholly-owned Pembinaan Mitrajaya Sdn Bhd, accepted the contract from Avisena Healthcare Sdn Bhd on Wednesday.

Mitrajaya clinches RM174m hospital project in Shah Alam

US manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in nearly two years, but a measure of input inflation fell back from the highest since mid-2022, a monthly survey showed on Monday.

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GameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a US$116 million (RM546 million) bet on the embattled videogame retailer.

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Penang PAS is currently fine-tuning the list of potential candidates for the Sungai Bakap state seat by-election before submitting it to the party leadership, says Penang PAS commissioner Muhammad Fauzi Yusoff.

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European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while US jobs data due this week kept the focus squarely on inflation.

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A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan's transport ministry found irregularities in applications to certify certain models.

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<p>Indian shares hit lifetime highs while the rupee gained and bond yields dropped with investor sentiment buoyed by expectations of sustained economic growth after exit polls indicated a decisive mandate and a third term for Prime Minister Narendra Modi.</p>


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<p>GameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a US$116 million (RM546 million) bet on the embattled videogame retailer.</p>


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<p>With interest rates at more than decade-highs, corporate finance chiefs are finding that money can indeed beget money.</p>

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<p>A unique sell...