YTL Corp Bhd
(June 5, RM1.70)
Maintain add with target price of RM2.42: After many years of expanding its footprint abroad, YTL has shifted its focus back to the home front to reap the value of its investments across Malaysia’s infrastructure cycle, spurred by the nation’s Economic Transformation Programme (ETP).

Sunway Bhd
(June 5, RM3.19)

Eastern & Oriental Bhd
(June 5, RM2.75)

KUALA LUMPUR: Exciting regeneration plans for KL Sentral include the construction of elevated bicycle lanes connecting the transit hub to the Perdana Botanical Gardens.

KUALA LUMPUR: Mah Sing Group Bhd yesterday announced that the sale and purchase agreement (SPA) has gone unconditional for its purchase of 1,352 acres (547ha) freehold land near Pasir Gudang, Johor intended for a township project called Bandar Meridin East.

SYDNEY: Singapore-listed Frasers Centrepoint Ltd made a surprise A$2.6 billion (US$2.4 billion or RM7.8 billion) cash takeover bid for Australia’s Australand Property Group, trumping an offer from Australian firm Stockland Corp Ltd.

KUALA LUMPUR: Tambun Indah Land Bhd, a leading property developer in mainland Penang, is expanding its landbank with the proposed acquisition of a 84.6ha piece of land in Seberang Perai for RM150 million.

KUALA LUMPUR: Former head honcho of property giant S P Setia Bhd, Tan Sri Liew Kee Sin, should not be regarded as a substantial shareholder of Eco World Development Group Bhd (Eco World) in which his son is currently the largest shareholder with a 35.05% stake.

KUALA LUMPUR: UBS Securities Malaysia Sdn Bhd has maintained its “buy” calls on Mah Sing Group Bhd and S P Setia Bhd, while downgrading UEM Sunrise Bhd to “neutral” from “buy” after assuming coverage of the Malaysia property sector recently. 

KUALA LUMPUR: Sectors that will lead the earnings outperformance this year will be plantation, banking, construction and property, said analysts, following a “disappointing” first-quarter 2014 earnings season.