Gamuda Bhd (June 16, RM3.72)

KUALA LUMPUR: Architectural event DATUM:KL has been expanded into a month-long event and renamed DATUM:KL as the Kuala Lumpur Architecture Festival.

Into its ninth year since its inception in 2003, the event is expected to be officiated by the Prime Minister Datuk Seri Najib Razak on July 1, 2011.

SHAH ALAM: Ditamas Sdn Bhd director Shamsuddin Hayroni admitted in the High Court here on Thursday, June 16 that he knew the market value of two lots of land, including a bungalow, in Jalan Suasa 7/1L here before entering into a sale and purchase agreement with former Selangor menteri besar Dr Mohamad Khir Toyo in 2007.

KUALA LUMPUR: UEM Land Holdings Bhd is planning to launch projects with a total gross development value (GDV) of RM5 billion this year, as it aspires to see its revenue grow by 50%.

With the acquisition of Sunrise Bhd, UEM Land is hoping to build its portfolio and surpass its competitors' revenue in the near future, said managing director and CEO Datuk Wan Abdullah Wan Ibrahim.

KUALA LUMPUR: The government has no plans to divide the 341,000 hectare Felda land, which is being managed by Felda Plantations, to a new generation of settlers, said Deputy Minister in the Prime Minister's Department Datuk Ahmad Maslan.

The reason, he said, was that the government feared that they might sell the land which was not subjected to the Group Settlement Act 1960.

KUALA LUMPUR: Shareholders of Sunway Holdings Bhd and Sunway City Bhd (SunCity) have approved the proposed disposal of the two companies' assets and liabilities to Sunway Bhd at their EGMs on Wednesday, June 15.

The approvals would pave the way for the merger of their assets under a larger company slated for a listing on Bursa Malaysia in the third quarter this year.

KUALA LUMPUR: Soon-to-be-listed structural steel construction and engineering company Eversendai Corp Bhd aims to bid for an additional RM1 billion to RM1.5 billion worth of projects for the rest of the year, after having secured almost RM350 million so far this year.

CapitaMalls Malaysia Trust (June 15, RM1.19)
Maintain buy at RM1.17 with target price of RM1.27: We are positive on CMMT's latest RM310 million East Coast Mall acquisition given that it is yield accretive and attractive in pricing. More importantly, it would enhance our 2012-13 earnings forecasts by 10%-11%.

KUALA LUMPUR: Hyatt Hotels Corporation announced on Thursday, June 16 that a Hyatt affiliate has entered into an agreement with Bahagia Investment Corporation (Malaysia) Sdn Bhd to manage Grand Hyatt Kuala Lumpur. The hotel is under construction, and is expected to open in 2012.

KUALA LUMPUR: Shareholders of Sunway Holdings Bhd and Sunway City Bhd (SunCity) approved the proposed disposals of the two companies' asset and liabilities to Sunway Bhd at their EGMs on Wednesday, June 15.

The approvals would pave the way for the merger of the assets under a larger company which would be slated for listing in the third quarter of this year.