KUALA LUMPUR: Malaysian contractors have carried out 614 infrastructure projects overseas up to last year with contracts worth RM85.2 billion.

"Of the number, 489 projects worth RM32.74 billion had been completed while 125 projects worth RM52.45 billion are under construction," Works deputy minister Datuk Yong Khoon Seng in Dewan Negara on Thursday April 29.

SHAH ALAM: Green Hill Development Sdn Bhd is launching Phase 2 of its maiden development Greenhill Residence in Seksyen U10 Shah Alam this May 1 weekend.

Phase 1 featuring 60 semidee homes has already been fully taken up, said company director Tan Hong Lai at a media briefing on Thursday April 29.

KUALA LUMPUR: Penang-based Ivory Properties Group which is aiming for a listing on the local stock exchange soon is launching projects with a total gross development value (GDV) of RM514 million this year.

KUALA LUMPUR: Hua Yang Bhd is going upmarket, with more luxury property projects in the pipeline in Malaysia  within the next five years.

The move is deemed crucial to achieve the company's annual real estate sales target of at least  RM500 million to position the firm among top developers in the country, Hua Yang chief operating officer Ho Wen Yan said.

YNH Property

1QFY10 : A better quarter but doubt remains

Sunway Holdings

Another land acquisition

Fajarbaru Builder Group

KUALA LUMPUR: Nagamas International Bhd and a Chinese company from Taian, China, are exploring the possibility  of jointly developing 200 acres of land in Bernam Jaya, Selangor, into logistic, industrial, educational and  eco-parks as well as other developmental use.

KUALA LUMPUR: Timber outfit Sanbumi Holdings Bhd’s executive director Tan Sri Chai Kin Kong has been appointed  as an executive director of Fajarbaru Builder Group Bhd after he emerged as a substantial shareholder of the  latter.

We initiate coverage on Glomac with a Trading Buy call and a CY10 Target Price of RM1.83 based on 0.94x CY10 P/NTA, which is the average valuation for its closest comparable peers. Its cheap valuation, estimated at 0.7x CY10 P/NTA coupled with potentially strong earnings recovery in the immediate term, could well spur a rerating on the stock.