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UEM Land at record high, set to transform into blue chip

KUALA LUMPUR: Shares in UEM Land Bhd rose to a record high of RM2.90 on Thursday, Jan 6, as Credit Suisse Group AG expected the property developer to become a blue chip proxy for improved Singapore-Malaysia relations, especially under the proposed transformation of its large landbank in Iskandar Malaysia.

MPHB ceases to be substantial shareholder of Farlim

KUALA LUMPUR: Property developer Farlim Group Bhd saw the departure of Multi-Purpose Holdings Bhd (MPHB) as its substantial shareholder after the later disposed a 6.5% equity interest in the property outfit.

According to recent filings with Bursa Malaysia Securities, MPHB's stockbroking arm AA Anthony Securities Sdn Bhd (AAASB) had sold the shares in Farlim on Dec 20, last year.

Habour-Link eyes property development

KUALA LUMPUR: Habour-Link Group Bhd has proposed to extend financial assistance to an indirect subsidiary, Sarawak Edible Oil Sdn Bhd (SEO), while making a move into property development.

China urban house prices up 20 pct in 2010

BEIJING: House prices in China's major cities soared by more than a fifth last year, private research showed on Thursday, painting a picture at odds with official data following repeated government efforts to tame the red-hot sector.

Sunway Nexis launched in Dataran Sunway

KUALA LUMPUR: Sunway City Bhd (SunCity) has launched its latest mixed commercial development in the commercial enclave of Dataran Sunway in Kota Damansara, Petaling Jaya, with a potential gross development value of RM500 million.Developed by Sunway Damansara Sdn Bhd, the 5.83-acre leasehold Sunway Nexis is located next to the Sunway Giza mall and would comprise three-storey retail shops, a 13-s

Liberals at the gate

I met a liberal once. Even shook hands with it, so far as I can recall. After I’d had a good shower, I tried to figure out what nature of person succumbs to liberal tendencies, to the point where he may first admit them to his parents and later go out to proclaim them to the world. Is this a genetic defect or a product of one’s environment?

S P Setia (OSK Research) maintain buy; target price RM7.23

SP Setia
Testing The Post-Asian Crisis High

SP Setia’s share price looks set to surpass our TP of RM6.58 and test the post-Asian crisis high of 3.1x P/NTA, an indication that investors concur with our robust sector outlook.

Kobay Tech buys Penang land, hotel for RM4.5m

KUALA LUMPUR: Kobay Technology Bhd bought freehold land along with a 9-storey hotel called Butterworth Travel Lodge in Butterworth, Penang from Woo Brothers Development Sdn Bhd for RM4.5 million, it announced on Thursday, Jan 6.