News

Mah Sing’s offerings ‘selling like hot cakes’

Mah Sing Group Bhd
(Jan 20, RM1.90)
Maintain buy at RM1.90, target price raised to RM2.50:
The company has just officially launched its Garden Residence, Cyberjaya (gross development value: RM690 million) and Perdana Residences 2, Selayang (GDV: RM209 million).

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Eupe Corp’s 3Q net profit surges to RM1.04 million

KUALA LUMPUR: Eupe Corp Bhd, a company listed on the Bursa Malaysia property counter, saw its net profit for the third quarter ended Nov 30, 2009 (3QFY10) surge almost sevenfold (779.66%) to RM1.04 million from RM118,000 a year earlier, on higher profit margin from the Cinta Sayang Resort Homes as well as the disposal of housing stock.

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GuocoLand records lower net profit for 2Q

KUALA LUMPUR: GuocoLand (Malaysia) Bhd saw lower net profit for its second quarter ended Dec 31, 2009 (2QFY2010) of RM1.45 million, from RM5.87 million the previous year despite higher revenue.

Its revenue for the quarter increased 154.58% to RM45.32 million, from RM17.8 million a year earlier due to higher revenue from the property development division.

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