MPCorp jumps 18.18% on talks to re-develop Wisma MPL
Wisma MPL is one of MPCorp's two core assets, besides the 490-acre (198ha) tract it owns in Johor.
Wisma MPL is one of MPCorp's two core assets, besides the 490-acre (198ha) tract it owns in Johor.
“Rail contracts newsflow in 1H18 could lift sentiment and further catalyse the stock."
The group made a net loss of RM145.99 million in the second financial quarter ended Oct 31, 2017 (2QFY18) compared with a net profit of RM176.51 million a year ago.
"For next year, we have tendered for RM5 billion worth of projects that are mostly infrastructure; we can easily target a 50% success rate," said managing director Tan Sri Lim Keng Cheng.
The losses were caused by the provision for impairment of balance of sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd (GMOC), which amounted to RM155.08 million.
At 9.10am, Bina Puri added 0.5 sen to 35 sen with 151,000 shares traded.
At 9.15am, IWCity rose 5 sen to RM1.37 with 2.49 million shares done.
Country View said it plans to use the funds to part finance the acquisition of some 163.92 acres of land in Pulai, Johor.
At 9.04am, OCR added 1.5 sen to 54 sen with 156,900 shares done.
It is buying a 19.24-acre leasehold land in Taman Equine, Seri Kembangan, Selangor