IWCITY MALTON to bid for Bandar Malaysia real estate project

 IOI Corporation Berhad's 9MFY17 core profit increased by 30.0% YoY to RM844.6mn. It is within expectations.  Inari Amerton Bhd posted a 9MFY17 core net profit of RM152.6mn (-18.0% QoQ, +40.8% YoY). This was within ours and consensus estimates.  Dialog Group Bhd's 3QFY17 net profit increased by 22.0% to RM97.8mn mainly attributable to higher contributions from its joint ventures.  BIMB Holdings Bhd's 1QFY17's revenue and PBT respectively increased by 3.2% YoY to RM919.6mn and 15.8% YoY to RM246.2mn.  IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again as long as the offer is right for the Malaysian Government.  Petroliam Nasional Bhd, through subsidiary Petronas LNG Ltd and shipping affiliate MISC Bhd, plans to team up with Gas4Sea partners and identify business opportunities in the supply of liquefied natural gas as marine fuel.  Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan has called for the adoption of the industrialised building system to be made mandatory for all players in the construction industry.  Sime Darby Bhd has received its bondholders' approval to restructure its US$800mn sukuk, which forms part of its plan to create three independent listed companies.  Sime Darby Motors, the automotive arm of Sime Darby Bhd, is selling its Australia and New Zealand Sime Darby Automobiles distribution businesses.  Turkey's TAV Havalimanlari Holding AS will bid for the Istanbul unit of Malaysia Airports Holdings Bhd if a stake in the operator of Turkey's second- biggest airport is put up for sale.  AirAsia Bhd is reportedly planning to set up a subsidiary company in Cambodia to cater to the anticipated rise in the number of passengers travelling to Phnom Penh, Siem Reap and Sihanoukville from Malaysia.  MyEG Services Bhd is close to sealing a deal to buy a controlling stake in popular food review website Eat Drink KL say sources.  Perdana Petroleum Bhd has proposed to undertake a private placement of up to 10% of the total number of its issued shares.  Eversendai Corporation Bhd announced that it has secured projects worth RM557.6mn to-date, bringing a total of RM1.3bn projects secured for the year 2017.  CAB Cakaran Corporation Bhd's 51% owned subsidiary, Tong Huat Poultry Processing Factory Pte Ltd, has exercised the option to purchase a factory site in Singapore for SGD6.1mn.  Tadmax Resources Bhd, which sees a turnaround this year, said it will go in alone and build a 1,000MW combined-cycle gas-fired power plant project in Pulau Indah, Selangor after Tenaga Nasional Bhd declined the offer to participate in the project.  Grand-Flo Bhd is disposing 8.1% of its equity interest in Simat Technologies Public Company Ltd for a total cash consideration of THB106.6mn.  The US residential starts fell 2.6% to 1.17mn annualized rate vs. forecast 1.26mn, lowest since November, while permits decreased 2.5% to 1.23mn million annualized pace vs. forecast 1.27mn.

Shtock.net.