OSK Research: Glomac - Buying back part of Suria Stonor
THE BUZZ
Glomac announced that it would be acquiring 18 units of condominiums in Suria Stonor from Dekad Darat SB and Progressive Berg SB for a total cash consideration of RM38.4m. (Bursa)
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PM: ETP already delivering results with nine early wins
KUALA LUMPUR: The Economic Transformation Programme (ETP) has gotten off to a strong start with nine early wins announced at the launch of the ETP-A Roadmap for Malaysia, here on Monday, Oct 25.
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KUALA LUMPUR: The Shanghai retail property market in the third quarter (3Q) of 2010 was generally stable, with vacancy rates in the overall market decreasing with strong demand from retailers, according to a Colliers report.
Merge Housing records 98.5% drop in net profit in 1Q
KUALA LUMPUR: Merge Housing Bhd recorded net profit of just RM2,000 for its first quarter ended Aug 31, 2010, a 98.5% drop from RM138,000 recorded a year earlier.
In its filing with Bursa Malaysia on Monday, Oct 25, the Group also announced a dip in revenue by 86.92% to RM1.513 million from RM11.571 million a year ago.
Robust growth and major transactions noted in 3Q 2010
KUALA LUMPUR: Local economic indicators continue to show robust growth as several major investment transactions were recorded in the third quarter of 2010, according to Savills’ latest Asia Pacific Investment Quarterly for Malaysia.
Eupe Corp 2Q net profit up 28.4% to RM433,000
KUALA LUMPUR: EUPE Corporation Bhd recorded a 28.4% increase in net profit for its second quarter (2Q) ended Aug 31, 2010 to RM433,000 from RM337,000 a year ago.
The group announced to Bursa on Monday, Oct 25 that its revenue increased 5.2% to RM26.016 million from RM21.725 million a year ago.
MSSA convention to focus on sustainable issues in steel industry
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Glomac unit buys 18 Suria Stonor apartments for RM38.41m
KUALA LUMPUR: Glomac Bhd is buying 18 condominium units in Suria Stonor Condominium for RM38.41 million from two parties, Dekad Darat Sdn Bhd (10 units) and Progressive Berg Sdn Bhd (8 units) announced on Bursa Malaysia on Monday, October 25.
Credit Suisse : Hong Kong's secondary transaction volume continues to roar to 3-years high
HONG KONG: According to the Hong Kong Economic Times (HKET), on Monday, Oct 25, the weekend transaction volume for the 10 major secondary residential estates, for the last weekend (Oct 23-24), has gone up to 94 transactions (from 84 transactions during Oct 16 - 17).
This implies the 3-year-high since November 2007. The volume has gone up for the 3rd week consecutively.
