IGB Corp up 15% on takeover offer
IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
UK student accommodation top investment asset for Malaysians
At the start of the 2016/17 academic year, almost 522,000 students were enrolled on undergraduate courses at UK universities, an increase of more than 7,000 on 2015 while the number of acceptances of EU students rose by 8% y-o-y.
Weaker utilities, lower cement earnings drag on YTL Corp's 2Q
Its property investment and development segment also registered a 19% decline in PBT.
Encorp 4Q net profit up 280% on higher progress of development work
For the full year, net profit jumped over 20 times to RM28.53 million from RM1.38 million a year ago, while revenue grew 72% to RM360.82 million from RM209.89 million.
E&O's 3Q net profit multiplies eightfold, 9M net profit down 26%
Revenue soared 107% to RM243.32 million, from RM117.59 million in 3QFY2016.
MBSB to see further loan provisioning ahead
The group embarked on a loan impairment programme to raise its provisions to close the gap between banking practices and standards. The impairment programme was to raise provisions for a total RM1.9 billion between FY2016 and FY2017.
Sunway Construction Group posts 9% uptick in 4Q earnings
For the construction segment, revenue rose to RM466.5 million from RM417.6 million due to increased activities under the building division.
IJM Corp 3Q net profit drops 46% due to absence of one-off gain
IJM attributed the decline in profit to the absence of a one-off gain of RM133.3 million from the disposal of a 70% equity interest in Swarna Tollway Private Ltd, which was included in its results last year.
Tambun Indah Land to roll out RM170 mil worth of launches in 2017
Tambun Indah has a pipeline gross development value of RM3.1 billion to be built over the next seven years.
