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Driving change at TA Enterprise

Changes are slowly but surely being implemented at TA Enterprise Bhd. One of the more visible changes includes the subtle modification to its logo, whereby the sharp edges on the 'TA' letterings have been softened and are no longer framed by a conservative box. Even the colour has taken on a trendier shade of blue. The significance of all these?

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Local investors lead in office market

The recent proposed acquisition of a 50% stake in Menara Citibank, which is on Jalan Ampang, by Hap Seng Consolidated Bhd shows that domestic investors are leading investment activities in the Kuala Lumpur office market. “There are selective buyers in the market who are prepared to seize the limited buying opportunities that good income-yielding properties offer.

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Sunrise posts RM43.15m net profit in 4Q

KUALA LUMPUR: Sunrise Bhd posted net profit of RM43.15 million in the fourth quarter ended June 30, 2009 and it iis confident of its prospects for the new financial year given its substantial locked-in unbilled sales."Unbilled sales from ongoing projects amounted to RM971 million as at June 30, 2009.  Profits from these future billings will be recognised over the next two financial years and wi

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Property stocks rise on more upside for sector

KUALA LUMPUR: Small-capitalised property stocks rose in active trade on Aug 13 on further signs of a recovery in the sector, underpinned by several transactions undertaken by Mah Sing Group Bhd, Felda and Hap Seng Consolidated Bhd.Major gainers were Guoco Land Bhd, IJM Land Bhd, Hunza Properties Bhd and Eastern & Oriental Bhd.

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#New* Mah Sing to build homes in Cyberjaya

KUALA LUMPUR: Mah Sing Group Bhd has acquired a 115-acre land in Cyberjaya, the information communication technology (ICT) township, with plans for a medium to high end residential development.The group entered into a sale and purchase agreement on Aug 12 with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd to acquire the land located near Limkokwing University of Creative Technology, for RM130.5 m

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Small cap property stocks advance

KUALA LUMPUR: Small capitalised property stocks and lower liners advanced in the morning session on Aug 13 as investors bargain hunted for laggards which would benefit from an economic recovery and pick up in property.The broader market reflected the brighter outlook as advancing counters beat decliners by a margin of 3.6 to 1, underpinned by nibbling of lower liners and penny stocks.At 12.30pm

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#New* REHDA cautious about full recovery in property sector

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (REHDA) is still cautious about the outlook for the property sector despite some positive signs have appeared, especially among residential properties.REHDA president, Datuk Ng Seing Liong said on Aug 11 total property transactions declined to 79,149 in the first quarter of this year (1Q09) from 80,163 a year ago.

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