IJM Corp Bhd
(Sept 23, RM5.75)
Maintain buy at RM4.70 with a higher target price of RM7.20 (from RM6.60): We are switching our top pick to IJM from Gamuda. The timing of the award of the West Coast Expressway (WCE) will be sooner (around 1Q14) than the MRT Line 2 (2Q15).

KUALA LUMPUR: EcoWorld Development Sdn Bhd, a company linked to Tan Sri Liew Kee Sin, yesterday launched two property projects — one in Kuala Lumpur and the in Iskandar Malaysia — with great fanfare.

KUALA LUMPUR: Ecofirst Consolidated Bhd, a diversified group with business interests in property, construction and bio-organic technology, is finalising the purchase of a freehold parcel of land in Ulu Klang, Selangor, for RM150 million, said sources. The land belonging to Zurich Insurance Group, was inherited by the company after its acquisition of Malaysian Assurance Alliance Bhd.

KUALA LUMPUR: Flatted factories are giving office buildings in the city a run for their money, as tenants seek cheaper storage choices, according to KGV International Property Consultants (M) Sdn Bhd.With rents of Grade A offices in the city averaging RM6 per sq ft (psf), businesses are finding it costly and inefficient to keep their files and other materials onsite."A storage facility in the f

KUALA LUMPUR: Tan Sri Danny Tan is creating a new property flagship in Singapore-listed Albedo Ltd through an asset injection exercise valued at S$774.17 million (RM1.96 billion), a deal that is larger than the current market capitalisation of his Malaysia-listed Tropicana Corp Bhd of RM1.71 billion.

KUALA LUMPUR: While it is just about to launch its first property project in London this week, IJM Land Bhd said it has been offered a string of other opportunities in the UK capital.

KUALA LUMPUR: Ekovest Bhd, the construction outfit of Tan Sri Lim Kang Hoo, is transforming itself from being a land reclamation contractor into a more serious property play.

KUALA LUMPUR: Felda Investment Corp (FIC) UK Properties last Thursday launched the Grand Plaza serviced apartments, a London asset it acquired on Sept 4 for £98 million (RM496.3 million).

It was launched by Federal Land Development Authority chairman Tan Sri Mohd Isa Abdul Samad.

KUALA LUMPUR: Several counters seen as emerging property plays have drawn interests as investors were found scouting for stocks they believed could be good bargains with strong upside potential.