Immediate support for UEMS at RM1.14, says AllianceDBS Research
In its evening edition yesterday, the research house said UEMS continued to trade above the 20-day and 50-day moving average lines.
IOI Properties’ 2H sales to stay strong — analysts
IOI Properties’ overall new property sales in the second quarter (2Q) of FY2017 rose to RM795 million, from RM731 million in 1QFY2017, bringing 1HFY2017 sales to RM1.5 billion.
US federal court approves plan to sell Jho Low’s hotel
Move aimed at removing him from group that owns financially troubled property — WSJ
Iris Corp's 3Q net loss widens on lower revenue
Iris Corp Bhd, which has been thrust into the limelight after its deputy managing director Datuk Hamdan Mohd Hassan was arrested by the Malaysian Anti-Corruption Commission for alleged graft...
Koon Yew Yin buys 5.45% stake in Jaks Resources
Jaks Resources has commenced the construction of a power plant, which it will operate for 25 years, in Hai Duong Province, Vietnam. The construction works have helped to boost its earnings substantially.
Glomac 3Q net profit down 72% as revenue fell
Revenue for the quarter dropped 44% to RM87.49 million from RM158.13 million a year earlier, its bourse filing today showed. It declared a single-interim dividend of 1.5 sen for the period, to be paid on a date to be fixed.
Shanghai is the No 1 real estate investment destination in Asia Pacific
Shanghai has emerged as the top city for real estate investment in Asia Pacific as of 4Q2016. It is also ranked fifth globally as a real estate investment market in 2016, according to international real estate firm JLL.
UOA Development 4Q earnings multiply threefold, proposes 15 sen dividend
UOA Development also benefitted from a surplus of RM338.26 million, following the revaluation of several of its investment properties, including Vertical Corporate Tower A and The Sphere at Bangsar South, as well as Camellia Serviced Apartments.
Mercury Industries jumps 8.73% on bagging RM238 mil job
Mercury Industries Bhd rose 8.73% in thin trade this morning after its 70%-owned construction unit Paramount Bounty Sdn Bhd (PBSB) won a mixed development project worth RM238 million in Gombak, Selangor.
IOI Properties posts higher earnings excluding previous FV gain
IOI Properties said its property development segment revenue grew 36% to RM1.07 billion in 2QFY2017 and achieved an operating profit of RM337.5 million, up 23% year-on-year, on higher sales take-up rates for its projects in Singapore as well as from projects in IOI Resort City Putrajaya, 16 Sierra and Bandar Puteri Bangi.
