HONG KONG (Feb 9): China home builders Longfor Properties Co Ltd and KWG Property Holding Ltd found investor favour on Thursday despite reporting hefty declines in January sales, as investors moved into Chinese property stocks amid easier borrowing conditions for China home buyers.

KUALA LUMPUR (Feb 9): Malaysian Resources Corp Bhd's (MRCB) net profit for 4QFY11 ended Dec 31 fell to RM26.12 million, or 1.88 sen a share, from RM41.5 million in the same period last year.

KUALA LUMPUR (Feb 9): The Employees Provident Fund (EPF) will lend an initial RM300 million to the government for the proposed sale of public housing, with such loans being made on commercial terms and with appropriate security to protect the interests of its members, said the provident fund.

S P Setia Bhd (Feb 8, RM3.95)
Maintain trading buy with target price RM4.30: In The Edge weekly's cover story interview, CEO Tan Sri Liew Kee Sin explained the rationale for his joint takeover of S P Setia with major shareholder Permodalan Nasional Bhd (PNB) and emphasised the need to move forward.

HUA HIN (Feb 8): Hotel de la Paix Am Beach Hua Hin, a contemporary lifestyle resort in Thailand was awarded a Gold Circle Award after being voted by travellers as one of the top 25 trendiest resorts in the country on the online travel site Trip Advisor.

LABU (Feb 8): AkzoNobel ended 2011 by launching a Dulux SHE@School, a Health, Safety and Environmental programme for Primary School community at Sekolah Kebangsaan Labu Batu 10, in Seremban, Negeri Sembilan.

KUANTAN (Feb 8): The Pahang government has spent RM3.37mil allocation from Tourism Ministry to repair and upgrade facilities at Teluk Chempedak beach here.

KUALA LUMPUR (Feb 8): Kimlun Corp Bhd's unit SPC Industries Sdn Bhd has been appointed by Mass Rapid Transit Corp Sdn Bhd to supply RM223.18 million worth of segmental box girders (SBG) to certain packages of the Mass Rapid Transit Lembah Kelang project.

In a statement on Wednesday, Kimlun said the supply of the SBG for the Sungai Buloh-Kajang range was for about 40 months.

KUALA LUMPUR (Feb 8): Property-based company Hua Yang Bhd is confident that net profit for the current year ending March 31, 2012, would be higher than the consensus of RM42 million.

"The consensus for our net profit is RM42 million. I think we should do better than that. It will be a strong year for us," its chief executive officer Ho Wen Yan told Bernama.

HONG KONG (Feb 8): Prices of car parking spaces in Hong Kong are expected to show slower growth this year, and may fall, as global economic uncertainty stems the sharp rises recorded last year.