KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB), which is up 15 sen to RM1.48 on Jan 28, is seen as a leveraged proxy to the construction and property sector.

At 3.33pm, MRCB rose 15 sen to RM1.48 with 9.35 million shares done.

The FBM KLCI is down 1.91 points to 1,263.86. Turnover was 676.48 million shares valued at RM915 million.

PUTRAJAYA: Kuala Lumpur will be adding a network of covered walkways to its landscape starting with the walkway connecting Kuala Lumpur City Centre (KLCC) and the nearby Bukit Bintang commercial district.

KUALA LUMPUR: Malaysian investors are more optimistic about their personal finances and investment scene, said the latest results from ING’s quarterly ING Investment Dashboard survey.

More material this year?

WASHINGTON: Sales of newly built US single-family homes fell unexpectedly in December, data showed on Jan 27, the latest indication that the government-led housing recovery might be losing some steam.

KUALA LUMPUR: The Chinatown area in Kuala Lumpur will see another budget hotel next year.

The 12-storey building is coming up on busy Jalan Hang Kasturi, near the Pasar Seni LRT station and diagonally opposite Central Market, a popular tourist destination.

KUALA LUMPUR: CIMB Equities Research expects construction sector growth and fundamentals for the building materials sector to stay positive in 2010 and beyond.

It said on Thursday, Jan 28 the growth should be sustainable given the implementation of larger government and private sector jobs this year, and increased construction on the property side.

KUALA LUMPUR: RHB Research Institute is initiating coverage on Mah Sing with an Outperform because of its fast turnaround business model with improving prospects.

It said on Thursday, Jan 28  Mah Sing is famous for its “fast turnaround” business model which enables it to crystalise land value and receive strong cash flow within a short period as well as encounter lower upfront costs.

KUALA LUMPUR: Property developer Sunway City Bhd has hired RHB Investment Bank and Credit Suisse as the main coordinators for the planned listing of its real estate investment trust (REIT) in Malaysia, sources with knowledge of the deal said on Wednesday Jan 27.

PETALING JAYA: RKT, a wholly owned subsidiary of Latitude Tree Holdings Bhd, had entered into a Sale and Purchase Agreement with Pelan Teknik Sdn Bhd (PT) on Jan 27 for the acquisition of a piece of freehold industrial land in Klang together with a 1-storey warehouse, a 3-storey office block and 1-storey factory for a cash consideration of RM10 million.