News by TheEdgeMarkets.com

Iskandar Waterfront City Bhd (IWC) said it is positive on prospects ahead for the group amid a challenging economic backdrop.

Anzo Holdings Bhd said it is partnering with a subsidiary of a Chinese firm to take part in the construction of Paragon@KL Northgate, a mixed development project carrying a gross development value of RM3.6 billion. 

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.