Solid quarter, bright spots ahead

• 1HFY11 net profit was within our expectation but beat street estimates; expect stronger 2H

? No issue. 1HFY07/11 net profit came in at 47% of our full-year forecast and the full-year market consensus. However, we consider the results within expectations as we expect a stronger 2H on the back of continued improvement in construction margins as well as stronger property profits.

KUALA LUMPUR: YTL Land & Development Bhd’s new condominium development, The Capers at Sentul East, is expected to see some 7,000 interested buyers for its 466 units during the launch this weekend March 26 and 27. “We expect the response for sales to be equally overwhelming,” said Datuk Yeoh Seok Kian, YTL Land executive director and deputy managing director of YTL Corp Bhd.

KUALA LUMPUR: Land & General Bhd (L&G) has soft-launched its luxury serviced apartment project, The Elements@Ampang, along Jalan Ampang in Kuala Lumpur.The 2.6-acre development with a gross development value of RM800 million is a joint venture between L&G and Mayland Group.The freehold development comprises two towers, each housing 520 units with

The very idea that we could be cooking ourselves in our own homes seems absurd. Yet this is exactly what we have been doing, since many of our homes are designed like ovens.Have you noticed that our roofs in landed homes, which are typically ‘pitched’ (as they are more commonly known), are sealed off with mortar on the top ridges (to prevent water from coming in)? So are the eaves.

KUALA LUMPUR: London-based Gatehouse Bank Plc is looking to raise £50 million (RM246 million) to invest in high-end residential property in Central London, and is hoping to attract Malaysian funds.It is currently in talks with institutional investors from Malaysia, including the Employees Provident Fund and Permodalan Nasional Bhd, about investing in the real estate investment fund, its vice-pr

KUALA LUMPUR: Young families and adults age 31 to 45 will probably lead the recovery in the US residential property market, according to real estate experts.Dubbed Generation X, this group makes up 32% of home-buying age Americans.

Gamuda
Earnings uptrend intact

Gamuda
2QFY11 : On the right track

Bank of China – China