Hunza Properties (Kenanga Research), maintain ‘trading buy’, with fair value of RM1.96
Hunza Properties: 10th Anniversary special dividend
Latest
Hunza Properties (RHB Research), maintain ‘market perform’, fair value of RM1.43
Hunza Properties: Better progress billings from Gurney Paragon
Plenitude (OSK Research), ‘trading buy’, RM3.05
A new substantial shareholder enters
The buzz
Expo-linked building boom sparks concern
SHANGHAI: In the eight years leading up to the World Expo, Shanghai has been a hive of activity, with armies of labourers working flat out to complete a series of massive infrastructure projects.
Aussie home prices surge, set stage for rate rise
SYDNEY: Australian house prices surged 20% in the year to March, the fastest pace on record and a powerful argument for the central bank to raise interest rates this week.
MREITs to stay strong, retail investors ‘spoilt for choice’
KUALA LUMPUR: Industry players are positive about the outlook on Malaysian Real Estate Investment Trusts (MREITs) for the next half of 2010.
In view of improving underlying property market, improving economy and attractive yields, Sherilyn Foong, associate director at New Asia Capital, believes that it is a good time to enter the MREITs market now.
Sunway to venture further into India with JV company
KUALA LUMPUR: Sunway Holdings Bhd, via its unit Sunway Marketing Sdn Bhd, has proposed to set up a joint venture company with Opus Developers and Builders Pte Ltd called Sunway Opus International Trading Pte Ltd to undertake the importing, marketing and sale of architectural and finishing products.
Encorp to capitalise on completion of Nusajaya’s commercial elements in 2012
KUALA LUMPUR: Encorp Bhd, which announced on April 22 a proposal to acquire 3.3 acres (1.3ha) in Puteri Harbour, Nusajaya for RM25.9 million from UEM Land Bhd, said it has been given assurances by the vendor that the main commercial elements of the township would be ready by 2012.
Hunza Properties sees 62% jump in profit before tax for 3QFY20
KUALA LUMPUR: Hunza Properties Bhd profit before tax (PBT) for its third quarter ended Marach 31, 2010 (3Q2010) rose 62%, from RM8.99 million to RM14.76 million in the same period last year. The group’s revenue also increased by 216%, or RM58.53 million, compared to RM18.51 million in the same period last year.
Magna Prima to start Jalan Gasing project next year
KUALA LUMPUR: Property developer Magna Prima Bhd plans to start development work on its 6.95-acre land in Jalan Gasing, Petaling Jaya by next year.
Known as the Jalan Gasing project, Magna Prima has purchased the land for RM48.5 million cash from Petaling Garden Sdn Bhd.
