SCH Group Bhd (July 28, 21 sen) Maintain hold with an unchanged target price of 20 sen: SCH Group Bhd registered third quarter of financial year 2016 (3QFY16) net profit of RM700,000, soaring six-fold quarter-on-quarter (q-o-q), but down 66.
KUALA LUMPUR (July 28): Tatt Giap Group Bhd, a loss making stainless steel pipe maker, is selling its property in Shah Alam, which spans a 86,876 sq ft land, for RM15.
AFTER eight years of selling its condominiums overseas, Japan’s Mitsubishi Jisho Residence Co Ltd is finally bringing its brand of condos to Malaysia.
THERE are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year.
PETALING JAYA (July 26): Following the recent signing of the Memorandum of Understanding (MoU) on the Kuala Lumpur-Singapore high speed rail (KL-SG HSR) by both the Malaysian and Singaporean governments, MyHSR Corp Sdn Bhd (MyHSR) has selected CH2M as its technical advisor for the landmark cross-border project.
SINGAPORE (July 27): DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.
KUALA LUMPUR (July 26): Tabung Haji has indicated it will not sell the Tun Razak Exchange (TRX) land that it purchased from 1Malaysia Development Bhd (1MDB), as the pilgrimage fund sees long-term value in the piece of land.
SINGAPORE (July 26): UOB is expecting the Singapore-Kuala Lumpur High Speed Rail to be the “next growth-game changer for the two countries, after Singapore Prime Minister Lee Hsien Loong and Malaysia Prime Minister Najib Razak signed the memorandum of understanding for the project on July 18.
ON July 1, China’s biggest state-owned developer, Greenland Group, and Amare Investment Management Group announced that they would be injecting an initial tranche of six hotels worth S$1.
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