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Stronger ties with S’pore to benefit Genting, UEM Land

KUALA LUMPUR: UEM Land Bhd and Genting Bhd are among the key beneficiaries of enhanced Singapore-Malaysia ties following last week’s talks between Singapore Prime Minister Lee Hsien Loong and his counterpart Datuk Seri Najib Razak in the city-state.

Sime Darby Bhd (MIDF Research) neutral; target price RM8.40

•  Sime  Darby  registered  net  earnings  of RM804.2m in 9M10, a 38%yoy decline due to the hefty provisions incurred by its E&U division.

•  Improved results  from  the Plantation, Property, Motor, Healthcare and Other divisions mitigated the decline  in  Industrial division profit and  the harrowing losses from E&U division.

City & Country: Smoother days for Mont’Kiara

Mont’Kiara resident Jamie Lee loves living in the high-rise residential enclave in Kuala Lumpur, but these days leaving her home at the “wrong” time means spending “quality time” with her car and radio. “Mont’Kiara is ... in the middle of everything, but I have to strategise my trips to and from home. Six years ago, there were fewer condominiums and retail centres.

City & Country: A Pearl on KL’s skyline

A short distance away from the iconic Petronas Twin Towers and Pavilion KL shopping centre in Kuala Lumpur City Centre (KLCC) is the latest addition to the high-end condominium market ­— The Pearl. Once completed in 2011, it will stand 41 storeys high, with views of either the Twin Towers or the green knolls of the Royal Selangor Golf Club.