IVORY Properties Group Bhd’s recent land disposals got the market talking. This is because the group seems to be cashing out from its home base in Penang and venturing into Iskandar Malaysia, a region said to be facing a property glut.

KUALA LUMPUR (Feb 23): Malaysian Resources Corp Bhd (MRCB) swung to a net loss of RM5.28 million for its fourth quarter ended Dec 31, 2014 (4QFY14) from a net profit of RM2.22 million a year ago, mainly due to the group’s share of results of a joint venture which incurred losses due to charge out of finance and start-up costs.

KUALA LUMPUR: Eco World Development Group Bhd (EW Bhd) has fixed its rights issue of 656.74 million new shares at an issue price of RM1.20 apiece, and the exercise price for its warrants at RM2.08 each.

KUALA LUMPUR (Feb 18): Kenanga IB Research has maintained its “Market Perform” rating on Crest Builder Holdings Bhd at RM1.23 with a lower target price of RM1.29 (from RM1.30) and said the company’s FY14 core earnings of RM13.9 million came in above house expectation, at 131% of its full-year estimates of RM10.6 million (consensus is unavailable).

KUALA LUMPUR (Feb 17): Goldis Bhd’s net profit for the fourth quarter ended Dec 31, 2014 (4QFY14) came in at RM45.33 million, on revenue of RM323.8 million.

However, there was no apple-to-apple comparison with the preceding year, because Goldis’ (fundamental: 0.85/3; valuation: 1.2/3) fiscal year end was previously in January.

KUALA LUMPUR (Feb 17): Kenanga IB Research has initiated coverage on KSL Holdings Bhd at RM2.15 with an “Outperform” rating and target price of RM2.76 and said despite its large Johor exposure which had been perceived to be overplayed due to rising incoming house supplies (especially high-rises), it liked KSL given its exposure in the locally driven mass market segment coupled with its ability

KUALA LUMPUR (Feb 13): IOI Properties Group Bhd's net profit for the second quarter ended Dec 31, 2014 (2QFY15) has declined 6.6% to RM280.35 million, on higher related marketing and selling expenses.

However, the group has recorded a higher revenue for 2QFY15, from RM392.62million to RM448.26 million — an increase of 14.17%.

KUALA LUMPUR (Feb 13): Employees in Malaysia see owning a second property as an important investment to bolster their retirement funding, a survey revealed.

KUALA LUMPUR (Feb 13): Permodalan Nasional Bhd (PNB) and Rahim & Co. Chartered Surveyors Sdn Bhd “have commenced discussion to explore a strategic partnership and synergistic collaboration that would leverage on the respective strength and expertise of both companies”.

CYBERJAYA: Mah Sing Group Bhd held a topping-up ceremony for the residential component of the group’s integrated development Garden Plaza in Cyberjaya, signifying the completion of the development’s structure.