IWCity, Ekovest shares rebound on fresh interest
Shares of Iskandar Waterfront City Bhd (IWCity), which has been hit by the termination of its Bandar Malaysia deal earlier this month, were back on the uptrend today on fresh buying interest.
Shares of Iskandar Waterfront City Bhd (IWCity), which has been hit by the termination of its Bandar Malaysia deal earlier this month, were back on the uptrend today on fresh buying interest.
KLCC Property Holdings Bhd (KLCCP) closed its first financial quarter ended March 31, 2017 (1QFY17) with lower net profit of RM176.73 million or 9.79 sen a share, down 3.3% from RM182.75 million or 10.12 sen a share in the previous corresponding quarter.
Ekovest Bhd, which saw its share price plunge as much as 29.4% today, said it views the sell-down as a "temporary phenomenon".
GuocoLand (Malaysia) Bhd saw a 38% decline in net profit for its third financial quarter ended March 31, 2017 (3QFY17) to RM8.34 million from RM13.35 million a year ago, which it attributed to a high base effect after it sold a piece of land on Jalan Kia Peng last year.
Anzo Holdings Bhd has been slapped with yet another unusual market activity (UMA) query by Bursa Malaysia, after its share price plunged by 19.5 sen or 35.14% to 36 sen today.
The company is en route to a listing on the Main Market of Bursa Malaysia by June this year.
MIDF Research has projected the construction industry to grow by 6.5% this year, lower than Construction Industry Development Board's (CIDB) forecast of 8% and the sectoral growth rate recorded in 2016.
LMT intends to hold the land, measuring 115.31 acres (46.66ha) in total, with the view to develop and construct another port or terminal there, Perak Corp said in a filing with Bursa Malaysia.
The company said the plots, with a total cost of RM26.77 million, will make up a 2.75-acre land needed to develop EkoQuay, which will commence construction in 2018.
Majuperak Holdings Bhd is disposing of two plots of leasehold land measuring 664.78 acres in Kinta, Perak for RM17.72 million cash, the company announced yesterday.