Share Price : RM2.16
Fair Value : RM3.11
Recom : Outperform (Maintained)

KUALA LUMPUR: The South Klang Valley Expressway (SKVE), which is expected to be fully completed in 2012, will complement the integration of Klang Valley’s highway network.

It will serve as a major expressway from the North South Expressway to Putrajaya, Cyberjaya, Telok Panglima Garang, Pulau Carey and to Westport in Pulau Indah.

KUALA LUMPUR: The impending scrapping of the retail licences for steel and cement will benefit hardware stores but will have little effect on larger property developments, President of Master Builders Association Malaysia (MBAM) Datuk Ng Kee Leen said on June 24.

KUALA LUMPUR: Frasers Hospitality Pte Ltd, which has made its presence in 21 cities through 35 properties globally, plans to expand its brand in Malaysia, especially in the central business district (CBD), its chief executive said.

KUALA LUMPUR: Gamuda Bhd’s third quarter net profit for the financial year ending July 31, 2010 (3QFY2010) increased 57.7% to RM73 million from RM46.3 million a year earlier due to higher contributions from all divisions.

KUALA LUMPUR: IJM Land Bhd is proposing to dispose of its 100% stake comprising 250,000 ordinary shares at RM1 each to ADF Tiger III Limited, a foreign fund incorporated in Bermuda for RM66.26 million.

KUALA LUMPUR: Burst pipe caused part of a ceiling at the Kuala Lumpur Court Complex in Jalan Duta here to collapse again on June 24. This is the recurrence of a similar incident at the complex shortly after it opened three years ago.

SHAH ALAM: The country’s tech-based property development, i-City, will work with the Ministry of Tourism (MoT) to bring more events to i-City in order to make it a more attractive tourist destination.

KOTA KINABALU: A state assemblyman has suggested that property developers undertaking projects in her constituency set up a special fund to help people who become victims of natural disasters triggered by the construction at their sites.

HONG KONG: More than 800 Home Ownership Scheme flats in Tin Shui Wai that were originally scheduled for sale this month have been held back because of a row over management fees between the government and the owners' committee of the estate.