WELLINGTON: Australia’s market for residential mortgage-backed securities is becoming a cheaper source of funding for institutions lending to the housing market, according to Treasurer Wayne Swan.
KUALA LUMPUR: Kumpulan Europlus Bhd (KEuro), which is 25%-owned by IJM Corp Bhd, has continued the disposal of its shares in Talam Corp Bhd.
According to its latest filings to Bursa Malaysia Securities, KEuro sold off 2.33 million shares on March 9 and 10, 2010, thereby reducing its stake in Talam to 26.52%.
KUALA LUMPUR: After a sluggish first quarter, a likely pick-up in large-scale projects in the second half (2H) and improving margins may invite earnings upgrades and better recommendations for construction counters.
The latest upgrade in the industry was perhaps that for IJM Corp Bhd, the nation’s largest builder in terms of market capitalisation.
A more exciting future lies ahead
We visited Eastern & Oriental (EOB) recently and took away the following points;
KUALA LUMPUR: Malaysia Pacific Corp (MPC) and Beijing Construction Engineering Co.