PETALING JAYA: Hua Yang Bhd, with a line up of RM385 million worth of property launches in 2011 for both its new and existing developments, is also looking to expand to Kota Kinabalu within the next one to two years.

JOHOR BARU: Asia’s first Legoland theme park is on track to open its doors to its first visitors by the fourth quarter of 2012, in time for the annual school break in November and December.

KUALA LUMPUR: IJM Corporation Bhd recorded RM132.2 million profit for the third quarter ended Dec 31, 2010 (3QFY11), an increase of 58% from RM83.64 million recorded in the same period a year ago due to strong contributions from its property and plantation divisions.

SHAH ALAM: Property developer S P Setia Bhd will be a net cash entity upon completion of its share placement to existing major shareholders. The exercise is expected to raise some RM1 billion to finance the company’s existing and future projects.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB), together with Johor-based construction company Ekovest Bhd, are likely to be awarded a portion of the Klang Valley beautification project from the government.

YNH Property
4QFY10 : Improving earnings clarity

ISTANBUL: A multinational consortium, in which Turkish construction firm Enka owns a 38.4 percent share, signed a contract to build the new terminal building at Muscat International Airport, Turkey's news agency,
Anadolu, quoted Enka as saying on Wednesday, Feb 23.

KL Kepong
1QFY11 : Downgrade to Hold

KUALA LUMPUR: Olympia Industries Bhd recorded a net loss of RM2.4 million for its second quarter ended December 21, 2010 (2Q 2010) on the back of revenue of RM47.5 million.