IJM Land (Kenanga Research) buy; target price RM2.81
IJM Land
FY10 inline
Latest
IGB eyes overseas hotels
KUALA LUMPUR: A combination of a stronger ringgit and the depressed economy in some regions have prompted IGB Corp Bhd to go on an acquisition trail.
IGB is planning on expanding its hospitality division by acquiring distressed hotels overseas, said its group managing director Robert Tan.
Selangor Dredging Bhd (Kenanga Research) hold; target price RM1.07
Selangor Dredging
FY10 net profit within expectations
Ong: KTMB land not developed due to restrictions
PUTRAJAYA: Transport Minister Datuk Seri Ong Tee Keat said on May 26 the Keretapi Tanah Melayu Bhd (KTMB) land in Singapore has not been developed previously due to land use restrictions.
Poor ventilation and the Sick Building Syndrome
KUALA LUMPUR: There is a high correlation between poor ventilation in a building with the Sick Building Syndrome (SBS), according to a study by Malaysian researchers.
Colliers International opens two new offices in China
KUALA LUMPUR: Colliers International has opened two new offices – Shanghai Pudong Branch Office and Hangzhou Representative Office – in the Yangtze River Delta region in the second quarter this year.
Colliers Pudong branch office, established in Mirae Asset Tower aims to provide financial institutions with full-spectrum services of the property sector.
Country Heights net profit up 90.62% in 1Q FY2010
KUALA LUMPUR: Country Heights Holdings Bhd’s net profit rose 90.62% to RM9.043 million in its first quarter ended March 31, 2010 from a net loss of RM4.744 million from the same period last year.
Its revenue increased by more than 100% to RM66.060 million from RM32.839 million in the same period last year.
Metro Kajang net profit eases 91.32% in 2Q FY2010
KUALA LUMPUR: Metro Kajang Holdings Bhd’s net profit eased 91% to RM682,000 in its second financial quarter ended March 31, 2010 from RM7.86 million in the same period last year.
The Group’s revenue for the current quarter decreased by 21% to RM63.0 million compared with RM79.7 million in the preceding year’s corresponding quarter.
Kumpulan Hartanah Selangor records 188% jump in net profit in 1Q FY2010
KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd posted a higher net profit of RM1.455 million in its first quarter ended March 31, 2010, a 188% increase from a net loss of RM12.810 million in the same period last year.
IJM Land net profit down 18% lower in 4Q FY2010
KUALA LUMPUR: IJM Land Bhd's net profit dipped 18% to RM21.876 million in its 4Q FY2010 ended March 31, 2010 against RM26.698 million in the same quarter last year.
Revenue improved to RM245.69 million from RM226.05 million in the preceding year’s corresponding quarter mainly attributable to better sales mix achieved in the group’s on-going projects.
