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WCT a 'buy' at RM3.60: HwangDBS
WCT Bhd, a Malaysian builder and property group, had its stock rating raised to “buy†from “fully valued†at HwangDBS Vickers Research Sdn Bhd to reflect higher new order wins and property ren...
(News sourced from NSTP emedia) - Jul 29, 2010
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IJM's The Light to contain world-class appeal
A PERFORMING arts centre to rival Australia's Sydney Opera House, waterfront retail promenade and an international standard marina are among the attractions property developer IJM Land Bhd will unveil...
(News sourced from NSTP emedia) - Jul 29, 2010
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Impiana looks for land to expand Phuket property
Malaysian hotel owner and operator Impiana Hotels, Resorts and Spa which in April opened its first luxury property Impiana Kata Noi Private Villas in Phuket, Thailand, is now looking at possible land ...
(News sourced from NSTP emedia) - Jul 28, 2010
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Asia File Products gets stay of execution
ASIA File Corp Bhd says wholly-owned Asia File Products Sdn Bhd (AFP) was granted a stay of the execution of the writ of seizure and sale related to a property transaction until a court hearing on Aug...
(News sourced from NSTP emedia) - Jul 28, 2010
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Penang swiflet industry needs a proper nest
As Penang celebrates its month-long George Town Heritage Festival to commemorate the second year of the city's listing as a Unesco World Heritage site, the issue of swiflet farming hovers over the hea...
(News sourced from NSTP emedia) - Jul 28, 2010
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MIMB Issues RM135 mil Sukuk for LBS Bina
MIMB Investment Bank Berhad, a wholly-owned subsidiary of EON Bank Berhad, was recently appointed by LBS Bina Group Berhad, to arrange a RM135 million Sukuk Programme, to enable the Group to finance i...
(Daily Property News and Updates) - Jul 27, 2010
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Mah Sing acquires 3 landbanks worth RM1.1 billion
Mah Sing Group Berhad has recently acquired 3 new landbanks with a combined gross development value (GDV) of approximately RM1.1 billion. This brings the amount of new project acquisitions to R...
(Daily Property News and Updates) - Jul 27, 2010
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Bolton’s Sales Gallery Reflects New Image
One of the most established property developers in Malaysia, Bolton Berhad recently launched its new sales gallery at its resort-themed, lakefront Taman Tasik Prima township in Puchong, Selan...
(Daily Property News and Updates) - Jul 27, 2010
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BLand to launch projects worth RM500m this year
BERJAYA Land Bhd (BLand) (4219) will launch new projects worth more than RM500 million this year to take advantage of pent-up demand for housing in the Klang Valley.
BLand is bullish on the propert...
(News sourced from NSTP emedia) - Jul 27, 2010
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Danajamin provides first Islamic guarantee for sukuk
DANAJAMIN Nasional Bhd, a state-owned financial guarantee institution, has provided its first Islamic guarantee for a sukuk issuance by property developer LBS Bina Group Bhd.
In a statement issued ...
(News sourced from NSTP emedia) - Jul 27, 2010
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Sedco to build RM30m resort in Semporna
The Sabah Economic Development Corporation (SEDCO) proposes to build a RM30 million holiday resort in Semporna, Sabah's east coast.
Chairman Datuk Mohd Ariffin Arif said the project to be undertake...
(News sourced from NSTP emedia) - Jul 27, 2010
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Naim to ride on Sarawak development
Naim Holdings Bhd has been riding high on development exposure, chosen by a market research firm as favourite pick for Sarawak development after identifying the Sarawak Corridor of Renewable Energy (S...
(News sourced from NSTP emedia) - Jul 27, 2010
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Proposed PICC may not need taxpayer funds
A PLAN by the Penang state government to reopen the tender to build Penang International Convention Centre (PICC) in the grounds of the Penang International Sports Arena (PISA) may actually see no tax...
(News sourced from NSTP emedia) - Jul 24, 2010
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UEM aims to grow net profit to RM3b
The engineering-based conglomerate is confident of achieving its 'stretched' target by focusing on four core business divisions
Engineering-based conglomerate UEM Group Bhd has set itself an ambiti...
(News sourced from NSTP emedia) - Jul 24, 2010
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Nagamas to undertake Yongzhou project
Nagamas International Bhd's wholly-owned subsidiary, Nagamas Enterprise (HK) Ltd (NEHK), has inked a memorandum of understanding (MoU) with the government of Yongzhou City to embark on and undertake C...
(News sourced from NSTP emedia) - Jul 24, 2010
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YTL Land sees 50pc occupancy for Centrio
YTL Land & Development Bhd expects 50 per cent occupancy by year-end for its newly-completed Centrio development in the highly popular Pantai Hillpark address.
"We handed the keys on July 7 and we ...
(News sourced from NSTP emedia) - Jul 24, 2010
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UEM targets RM3b net profit by 2015
UEM Group Bhd is targetting a revenue of RM30 billion and a net profit after tax and minority interests of RM3 billion by 2015, said Chief Executive Officer Datuk Izzaddin Idris.
The group reported...
(News sourced from NSTP emedia) - Jul 24, 2010
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Expo starts today
THE popular Malaysian Property Exposition (Mapex), themed "Fulfilling Higher Expectations", begins today at the Mid Valley Exhibition Centre in Kuala Lumpur.
The expo, which opens from 10am to 9pm,...
(News sourced from NSTP emedia) - Jul 23, 2010
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En route to HK listing
Listing of Kosmopolito, a unit of Far East Consortium International, to include five Malaysian hotels, sources say
Hong Kong-based Far East Consortium International Ltd (FEC) plans to include all f...
(News sourced from NSTP emedia) - Jul 23, 2010
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Sibu to get boost from Sunhill project
AN UPCOMING private commercial development project totalling RM60 million in Sibu is expected to spur greater development in the surrounding areas of the airport here.
The project, to be undertaken...
(News sourced from NSTP emedia) - Jul 23, 2010
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Axis REIT Managers on buying spree
AXIS REIT Managers Bhd (ARMB) (5106) targets to manage some US$500 million (RM1.6 billion) worth of assets and is in the process of buying more properties in the Klang Valley and Johor.
ARMB, manag...
(News sourced from NSTP emedia) - Jul 21, 2010
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Axis REIT Q2 profit soars as property value jumps
AXIS Real Estate Investment Trust says its second quarter net profit almost doubled due to the higher value of its properties.
Axis REIT (5106) is bullish on its performance for the rest of the yea...
(News sourced from NSTP emedia) - Jul 20, 2010
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Johor Corp chief: It's due to contract expiry
JOHOR Corp's president and chief executive officer (CEO) Tan Sri Muhammad Ali Hashim quashed rumours that he is retiring due to the company's debts.
He said JCorp's asset value of RM12 billion, inc...
(News sourced from NSTP emedia) - Jul 20, 2010
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Yusof: Felda on stable financial footing
Felda has been consistently generating revenue of between RM10 billion and RM15 billion a year depending on CPO prices, of which at least RM1 billion or more is its net profit
The Federal Land Deve...
(News sourced from NSTP emedia) - Jul 20, 2010
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India opens its doors to Malaysia
WITH less than three months before New Delhi opens its doors to the 2010 Commonwealth Games, the Indian capital lacked the dressing and colours befitting such a grandiose sporting event.
Instead, i...
(News sourced from NSTP emedia) - Jul 20, 2010
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Property investments rising in popularity
AN iProperty.com consumer trends survey for the first half of this year showed more Malaysians looking to property for investment.
The online survey conducted on the iProperty.com Malaysia website ...
(News sourced from NSTP emedia) - Jul 20, 2010
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CapitaMalls Asia has RM2b to invest in Malaysia
SINGAPORE'S CapitaMalls Asia Ltd (CMA) is looking at investing up to RM2 billion to build and buy malls in Malaysia.
Once the asset starts to generate income, it may then be sold to the CapitaMalls...
(News sourced from NSTP emedia) - Jul 19, 2010
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More Malaysians buying properties: iProperty
A iProperty.com consumer trends survey for the first half of this year showed more Malaysians looking to property for investment.
The online survey conducted on the iProperty.com Malaysia website, ...
(News sourced from NSTP emedia) - Jul 19, 2010
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Gamuda Land sees 67pc earnings growth
Gamuda Bhd's property arm, Gamuda Land, is expected to record the strongest pre-tax earnings growth over the next two years at an compound annual growth rate of 67 per cent.
This is due to Gamuda's...
(News sourced from NSTP emedia) - Jul 19, 2010
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KLCC Property a 'hold': HwangDBS
HwangDBS has recommended a "hold" stock rating for KLCC Property with a target price of RM3.70.
The securities firm noted that KLCC Property's 2010 earnings (ex-fair value gains) grew by 4 per cent...
(News sourced from NSTP emedia) - Jul 19, 2010
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