News by Adam Aziz

Trive Property Group Bhd has proposed an issuance of up to 500 million new shares to Australian bank Macquarie Bank Ltd to raise up to RM60.5 million to fund a residential development project in Kertih, Terengganu.

Mulpha Internatinational Bhd’s first quarter net loss narrowed to RM1.15 million, from RM3.82 million a year earlier, thanks to higher contribution from its property and investment divisions.

TA Enterprise Bhd posted a net profit of RM83.22 million in its first quarter ended March 31, 2017 — its third consecutive profitable quarter — thanks to higher contribution from its broking, investment holding and hotel operation divisions.

ML Global Bhd is placing greater focus on industrialised building system adoption to help ease the shortage of labour in the company.

Econpile Holdings Bhd posted a record net profit for the third financial quarter ended March 31, 2017 (3QFY17), on higher billings recorded coupled with increased overall project order book secured.

Better cost management has helped lift Titijaya Land Bhd’s net profit by 26.77% to RM19.23 million for its third quarter ended March 31, 2017 (3QFY17), from RM15.17 million a year earlier.

IGB Corp Bhd's net profit jumped 122% in the first financial quarter ended March 31, 2017 (1QFY17) to RM115.25 million or 8.63 sen a share, from RM51.81 million or 3.88 sen in the previous corresponding period.

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".