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YKGI expanding to Peninsular Malaysia

KUCHING: YKGI Holdings Bhd, which owns manufacturing facilities in Sarawak and Sabah which produce metal roofing products, is expanding to Peninsular Malaysia.


RHB Research upgrades Kimlun to Buy, TP RM1.36

KUALA LUMPUR: RHB Research has tactically upgraded construction company Kimlun to Buy from Neutral, at a revised target price of RM1.36 from RM1.52, offering 18% upside plus 5% FY19F yield.

Corporate News

Gamuda appoints Rashdan second deputy group MD

KUALA LUMPUR: Gamuda Bhd has appointed investment banker Mohammed Rashdan Yusof as deputy group managing director, in charge of its sprawling property business.

Corporate News

Felda Investment Corp sells 25m Iris Corp shares

KUALA LUMPUR: Felda Investment Corporation Sdn Bhd sold 25 million Iris Corporation shares on Wednesday.


IJM 'outperform', UMW 'hold', IOI Properties 'neutral', Kimlun 'outperform'

IJM Corp, via its wholly-owned subsidiary IJM Construction Sdn Bhd, has secured the underground package of the Light Rail Transit Line 3 (LRT 3) from Bandar Utama to Johan Setia for a contract sum of RM1.12bil from Prasarana Malaysia Bhd.


Bank Negara's five-pronged approach to affordable housing

KUALA LUMPUR: Bank Negara Malaysia has proposed a five-pronged strategy as a holistic approach to effectively bridge the affordable housing gap in Malaysia.


RHB Research retains ‘buy’ call on ML Global

PETALING JAYA: RHB Research has reiterated its “buy” call on ML Global Bhd, on the back of the company’s financial performance this year which has trumped expectations.


MBAM expects RM350bil worth of construction projects

KUALA LUMPUR: Construction projects worth RM350bil are expected to come onstream over the next two to three years with the announcement of Budget 2018.


BNM says investment banks should not focus on commercial gains alone

KUALA LUMPUR: Investment banks demanding for the Broad Property Sector (BPS) guideline to be scrapped are taking a short-term view and should consider the long-term systemic implications of an over-exposure to the property sector and not just focus on their own commercial gains, said Bank Negara Malaysia (BNM).

Analyst Reports

Kenanga maintains Market Perform on Kimlun

KUALA LUMPUR: Kenanga Research is Neutral on Kimlun Corp Bhd following a briefing that fell in line with its expectations. It maintains its Market Perform call with an unchanged target price of RM2.27 based on applied 9.0x FY18E PER.