KUALA LUMPUR: OSK Research Sdn Bhd has maintained its "overweight" call on the property sector.

In a note on Tuesday, June 7, OSK said the biggest gainers from the current upcycle were the mid- to high-end developers, particularly those with focus on developing landed properties and also had significant exposure in high-growth areas.

KUALA LUMPUR: The warrants of Malaysia Building Society Bhd (MBSB) rose 22.5 sen to 72.5 sen in very active trade in the morning session on Tuesday, June 7.

MBSB's additional 506.42 million new ordinary shares of RM1 each issued pursuant to the rights issue with 506.42 million warrants were listed on Tuesday.

BEIJING: China should raise interest rates further to help rein in the property market, a top Chinese banker said in comments published on Tuesday, June 7, amid talk of an imminent rate rise.

KUALA LUMPUR: The attractiveness of Asian countries including China, India and Malaysia as global retail havens slipped this year as South American entities gained prominence as the top favourite markets in retail expansion.

Aeon Co (M) Bhd (June 6, RM6.43)

Construction sector

KUALA LUMPUR: Conglomerate UEM Group Bhd is still weighing options for its 45% stake in information and communications technology firm (ICT) Time Engineering Bhd.

According to UEM Group managing director and CEO Datuk Mohd Izzadin Idris, the company will "thoroughly and comprehensively" look into the matter. He said this amid market talk that UEM may dispose of its stake in Time.

KUALA LUMPUR: Cyberview Sdn Bhd has RM2.52 billion worth of developments in the pipeline in Cyberjaya this year, which will be achieved through further land sales.

Managing director Hafidz Hashim said in a statement RM3.34 billion was pumped into Cyberjaya last year, representing more than a third of the total investment value of RM9.25 billion to date.

KUALA LUMPUR: Knusford Bhd has signed a joint venture (JV) agreement with Pembinaan Hamid Abd Rahman Sdn Bhd (PHAR) to combine resources for the purpose of submitting a prequalification and/or tender for the Klang Valley mass rapid transit (MRT) Sungei Buluh-Kajang line.

KUALA LUMPUR: In an unprecedented move, Sime Darby Plantation Sdn Bhd (SDP) has increased the salaries of 37,000 of its estate and mill workers throughout the country, with each of them expected to earn an extra RM200 in basic salary effective July 1.