KUALA LUMPUR (Jan 22): The depreciating ringgit is deemed a "silver lining" for the Malaysian property industry, as local real estate would be priced more competitively against world markets, according to IJM Land Bhd CEO Datuk Soam Heng Choon.

Soam said a weaker ringgit would not affect developers' costs, as long as they did not use imported goods.

KUALA LUMPUR (January 22): Hua Yang Bhd gained as much as 5% during the morning trading session, after the company posted strong results for its third quarter ended Dec 31, 2014 (3Q15).

At 11am, Hua Yang (fundamental: 1.7; valuation: 2.4) rose 8 sen or 4% to RM2.23, with 469,500 shares exchanging hands. The counter earlier gained 10 sen or 5% to reach a high of RM2.25.

KUALA LUMPUR (Jan 21): LBI Capital Bhd saw 3.1 million of its shares, representing a 4.24% stake in the company, traded off market today at a total value of RM3.596 million.

According to Bloomberg data, the shares were moved in one block of 3.1 million shares at RM1.16 per share.   

KUALA LUMPUR (Jan 21): DutaLand Bhd (fundamental: 1.25; valuation: 0.9) saw 16.86 million of its shares, representing a 2% stake in the company, traded off-market today for RM8.6 million.

According to Bloomberg data, the shares were moved in a single transaction and was priced at 51 sen apiece.

TEXTILE retailer and wholesaler Jakel Trading Sdn Bhd will launch its first property development project, Jakel Square, in Kuala Lumpur next month with the opening of the country’s largest textile mall.

KUALA LUMPUR (Jan 21): Shanghai state government linked-Greenland Group and Iskandar Waterfront City Bhd (IWCB, formerly known as Tebrau Teguh Bhd), have inked a RM2.4 billion deal to develop the Tebrau Bay Waterfront City.

KUALA LUMPUR (Jan 20): Shares of SP Setia Bhd (fundamental: 1.4; valuation: 1.2) rose 2.54% or 9 sen today to RM3.64, as analysts project the company will likely withstand downside risks to earnings and share price, amid a challenging market this year.

KUALA LUMPUR (Jan 20): Property developer LBS Bina Group Bhd has tightened its grip in ML Global, after acquiring a total of 561,800 shares in the latter via four open market transactions last week.

PROPERTY DEVELOPER Ong Kah Hoe recently emerged as the largest shareholder in Takaso Resources Bhd, a manufacturer and exporter of condoms and baby care accessories.

Ong owns 35% of property development company OCR Land Holdings Sdn Bhd (previously known as Ong Chong Realty Sdn Bhd), which surfaced as a substantial shareholder with 12.5 million shares or a 6.3% stake on Dec 17.

KUALA LUMPUR (Jan 20): Iris Corporation Bhd is forming a joint-venture (JV) with Technology Park Malaysia Corporation Sdn Bhd (TPM) to jointly develop a residential project on a piece of land in Phase 3 TPM Bukit Jalil.