News

Inter-Pacific Research upgrades Hunza earnings

KUALA LUMPUR: Inter-Pacific Research revised upwards its earnings forecast for Hunza Properties in  FY10 by 33% after considering unbilled sales of RM200mn, sizable land bank, positive sales momentum and strong sales in 1HFY10.

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UK construction PMI at 23-month high in January

LONDON: British construction activity fell at its slowest pace in 23 months in January, a survey showed on Feb 2, as firms shed jobs at a reduced pace and confidence improved, but a fall in orders showed conditions remain tough.

The Chartered Institute of Purchasing and Supply and Markit said their construction PMI index rose to 48.6 in January from 47.1 in December.

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Hektar REIT 4Q profits drop 70%, declares dividend

KUALA LUMPUR: Hektar Real Estate Investment Trust (REIT)’s fourth quarter profits for the financial year ending Dec 31, 2009 dropped 70% to RM9.57 million from RM32.63 million in the same period a year ago, according to a statement to Bursa Malaysia.

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Malton appoints MD

KUALA LUMPUR: Main board-listed Malton Bhd has appointed Chong Wan Ping, 53, as its managing director (MD), according to the company in a statement to Bursa Malaysia On Feb 3.

The company did not have a position for a MD before this, according to its website.

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Naim Holdings appoints new EDs

KUALA LUMPUR: Main board-listed Naim Holdings Bhd appointed new executive directors (ED) to lead the company on Feb 2 after one of its EDs and another deputy managing director (MD) resigned, according to a statement to Bursa Malaysia.

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