Stripping out the additional buyer stamp duty and the fair value gain on investment properties of RM7.4 million, the group's operating profit was RM125 million or 58% higher than 3QFY16.
It is massively undervalued despite 52% premium — Pangolin
Kerjaya Prospek Group Bhd has bagged a RM77 million contract to build a 24-storey office building in Mutiara Damansara, Selangor.
Iskandar Waterfront City Bhd shares resumed their uptrend in active trade this morning after a frenzy of buying interest in the stock in afternoon trading session pushed up its share price by 29.9%, or 49 sen, yesterday.
1MDB's chairman said the Bandar Malaysia project will go ahead.
Yong Tai, through its subsidiary YTB Development Sdn Bhd, and KOF entered into a joint-venture agreement for the development on Lots 169 and 170 today.
Yong Tai Bhd’s largest shareholder, Hong Kong-listed Impression Culture Asia Ltd, has pared down its controlling stake in the company to 28.73% after disposing of 25 million shares or a 5.75% stake in off market trades.
In its evening edition yesterday, the research house said UEMS continued to trade above the 20-day and 50-day moving average lines.
In a technicals note today, the research house said should RM1.74 resistance level be broken, it may continue to lift price higher to the next resistance levels of RM1.80 and RM1.87.
In a note today, the research house said it was positive on the move, as the planned spin-offs allow Sime to crystalise values of its businesses.
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