News About Klang Valley
Maintain outperform with a higher target price (TP) of RM2.87: LBS Bina Group Bhd unveiled its plans for the coming year to the media yesterday, while also recapping its performance in 2017, with group managing director Tan Sri Lim Hock San also indicating a sales target of RM1.8 billion for 2018.
PETALING JAYA (Dec 15): The government will not bail out property developers, especially those who fail to sell their high-end projects and get into financial problems, said Finance Minister II Datuk Seri Johari Abdul Ghani.
KUALA LUMPUR (Dec 13): O&C Resources Bhd (OCR) said it is optimistic of the long-term prospects of the group, which will be mainly driven by the earnings visibility from its construction and property development divisions.
KUALA LUMPUR (Dec 8): JKG Land Bhd, formerly known as Keladi Maju Bhd, has teamed up with ISY Holdings Sdn Bhd to jointly develop a 130-acre piece of leasehold land in Bukit Cherakah, Selangor into predominantly residential and commercial properties.
KUALA LUMPUR (Dec 6): The average occupancy rate of retail space in the Klang Valley, which has been falling marginally over the last six years, is now hovering at a five-year low of 86%, said real estate services firm Nawawi Tie Leung Sdn Bhd (NTL).
Vivocom International Holdings Bhd (Dec 4, 13 sen)
KUALA LUMPUR (Nov 23): Township developer Matrix Concepts Holdings Bhd posted an 11.53% increase in net profit for the second quarter ended Sept 30, 2017 (2QFY18) to RM51.83 million or 8.64 sen a share, from RM46.47 million or 8.2 sen a share last year, due to enhanced profit margin.