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.
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.
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.