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.

PENANG: YTL Land and Development Bhd’s RM330 million Shorefront project saw 67 units of low-rise condominiums in two blocks, with an average price of RM1,200 per sq ft, snapped up during the preview on Saturday. Shorefront comprises three blocks with a total of 115 units, with built-ups ranging from 1,400 sq ft to 3,400 sq ft. The remaining units will be released after Chinese New Year.

BANGKOK: International hotel owner, operator and investor Minor Hotel Group Ltd (MHG) announced a collaboration plan with Destination Resorts and Hotels (DRH), an investment arm by Khazanah Nasional Bhd.