KUALA LUMPUR/LONDON (May 9): Syarikat Takaful Malaysia Bhd has identified several properties in London which potentially can yield very favourable returns to its funds in line with plans to broaden its income through properties.

BEIJING (May 9): Chinese cities need to double the number of parking lots to meet demand from rapidly growing numbers of car owners, Xinhua News Agency quoted a report from the China Association of Mayors.

KUALA LUMPUR (May 8): Al-Hadharah Boustead REIT's profits rose 4.38% to RM20.97 million for its first quarter ended Mar 31, from RM20.09 million driven by higher fixed rental income.
Revenue for the quarter rose 9.2% to RM24.2 million from RM22.16 million in 2011.
Earnings per unit was 3.34 wen compared to 3.61 sen a year earlier.

Al-'Aqar Healthcare REIT (May 7, RM1.20)
Not rated: Al-'Aqar Healthcare REIT is the fifth largest Malaysian REIT (MREIT) in terms of asset size and is the only one focused on healthcare. It owns 24 healthcare-related assets, including three overseas. Al-'Aqar is sponsored by KPJ Healthcare Bhd.

Lingkaran Trans Kota Holdings Bhd (May 7, RM3.97)

KUALA LUMPUR (May 8): Pavilion Real Estate Investment Trust (REIT) posted a pre-tax profit of RM47.8 million on a revenue of RM85.3 million for the first quarter ended March 31, 2012.

The group, which was listed on the Main Market of Bursa Malaysia on Dec 7 last year, is managed by Pavilion REIT Management Sdn Bhd.

KUALA LUMPUR (May 7): The long-drawn legal tussle for Ho Hup Construction Company Bhd over the development right of the 60 acres (24ha) of land in Bukit Jalil, Kuala Lumpur, could have far-reaching implications on corporate governance for public listed entities.

KUALA LUMPUR (May 7): A sum of RM5 million has been allocated this year to upgrade various infrastructure in Kuala Lumpur, Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said on Monday.

KUALA LUMPUR (May 7): Bandar Raya Development Bhd's (BRDB) long drawn-out plans to sell its investment properties, coupled with slow property sales, have left the company in limbo on its future direction.

Fajarbaru Builder Group Bhd (May 4, 96.5 sen)
Upgrade to outperform with fair value of RM1.10 from RM1.04: Fajarbaru has secured a RM299.8 million contract for the construction of the Kampung Kuala Sungai Baru depot under Package B of the Ampang LRT line extension project.