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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.
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.
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.
IGB shares hit record-high for second day
PETALING JAYA: Shares of IGB Bhd, the developer of Mid Valley Megamall, touched a new all-time-high for the second consecutive day following the plan to dispose of its joint-venture (JV) firm in the United Kingdom.
IGB sells 50% stake in London real estate for RM600mil
KUALA LUMPUR: IGB Bhd has sold its entire 50% equity interest and shareholder debt in a freehold title in London to a unit of global real estate group Hines for GBP104.375mil (RM600mil).
IGB sells stake in UK asset for RM600mil
KUALA LUMPUR: IGB Bhd has sold its entire 50% equity interest and shareholder debt in a freehold title in London to a unit of global real estate group Hines for £104.37mil (RM600mil).
Trading ideas: IGB, Pantech, Kossan, Sime Plantation, LCTitan
KUALA LUMPUR: Stocks that may attact investor interest on the back of recent corporate new flow include IGB, Pantech, Kossan Rubber, Sime Darby Plantation, Lotte Chemical Titan, JayCorp, Willowglen MSC and Perangsang Selangor, says JF Apex Research.