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Business 14 May 2014 | 12:00 AM Premium

CIMB sets RM8 target for Eco World

CIMB Research has initiated coverage on Eco World with an “add” call and implied target price of RM8 with a 72% upside, describing the recently announced acquisition of landbank worth RM3.8bil as the main potential re-rating catalyst.

Property 12 May 2014 | 10:01 AM Premium

Public Invest Research keeps Outperform on IGB Corp

KUALA LUMPUR: Public Invest Research is maintaining its Outperform call on IGB Corporation with a target price of RM4.10 with unchanged 30% discount to its realised net asset value estimate of RM5.85.

Business 09 May 2014 | 10:07 AM Premium

IGB Corp JV invests RM314m in London property

KUALA LUMPUR: IGB Corporation Bhd's 50:50 joint venture company Black Pearl Ltd is buying Blackfriars Ltd, which owns property in southwest London.