News about Klang Valley

Maintain outperform with a higher target price (TP) of RM2.

IGB Real Estate Investment Trust (Dec 29, RM1.

PETALING JAYA (Dec 27): Hua Yang Bhd has announced today that it will undertake a mixed development project comprising serviced apartments, retail units and affordable homes located between Kajang and Bandar Baru Bangi with an estimated GDV of RM800 million.

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) Maintain buy recommendation with an adjusted target price (TP) of 33 sen per share: Vivocom International Bhd’s nine-month financial year 2017 (9MFY17) earnings came below expectations.

KUALA LUMPUR (Nov 23): Township developer Matrix Concepts Holdings Bhd posted an 11.

KUALA LUMPUR (Nov 21): UOA Development Bhd's net profit for its third quarter ended Sept 30, 2017 (3QFY17) dropped 18.