LONDON: Credit rating agency Standard and Poor’s said on Wednesday that China’s over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.

KUALA LUMPUR (Nov 20): Eco World Development Group Bhd has exceeded its sales target for its financial year ended Oct 31, 2014 (FY14) of RM2 billion.

KUALA LUMPUR (Nov 20): Mah Sing Group Bhd, whose net profit jumped 21.7% to RM85.9 million in the third quarter ended Sept 30, 2014, is making a cash call to raise up to RM630 million plus bonus issue.

In a filing with Bursa Malaysia, the property developer said its third quarter revenue lept 33% to RM713.6 million, from RM536.5 million a year earlier.

THE sunset at Tanjung Aru beach in Kota Kinabalu was breathtaking. The crimson hues spread across the sky had many whipping out their smartphones and DSLRs to capture the sun’s unabashed display of radiance.

PETALING JAYA (Nov 20): Malton Bhd's near-term earnings growth will be underpinned by three Klang Valley property launches with a collective gross development value of RM1.2 billion.

Malton Corporate Finance Director Ng Chee Kiet said the launches comprise the "Bukit Jalil City" and residential projects "Nova Pantai" and "Ukay Spring".

KUALA LUMPUR: Axis REIT Managers Bhd, manager of the Axis Real Estate Investment Trust (Axis-REIT), has allocated between RM300 million and RM400 million for asset acquisitions next year, as it continues to increase its asset under management (AUM).

Axis REIT chief executive officer Datuk Stewart LaBrooy (pic), however, declined to say how many assets the trust is eyeing to acquire.

KUALA LUMPUR: Property developer Gadang Holdings Bhd is targeting to achieve RM75 million in pre-tax profit (PBT) for the financial year ending May 31, 2015 (FY15), said chief financial officer, (CFO) Kok Pei Ling.

“We expect [to turn in a] better performance in FY15,” she told reporters after the group annual general meeting yesterday.

KUALA LUMPUR (Nov 19): Construction and property developer Gadang Holdings Bhd is targeting to achieve RM75 million in pre-tax profit for financial year ending May 31, 2015 (FY15).

"We expect a better performance in FY15, and hope to have RM75 million in PBT (profit before tax) by then," Gadang's chief financial officer Kok Pei Ling said after the annual general meeting today.

PUTRAJAYA: A man who had his land acquired without his knowledge lost all legal recourse yesterday to get justice when the Federal Court refused to grant leave for his appeal.

KUALA LUMPUR: KSK Group Bhd, formerly Kurnia Asia Bhd, will call for tenders for the development of its RM4 billion maiden mixed project, 8 Conlay, in the first quarter (1Q) of next year.