JAKS 1QFY19 profit above expectations

JAKS Resources Bhd (May 10, 78 sen) Maintain buy with an unchanged target price (TP) of RM1: JAKS Resources reported a very good set of first quarter of financial year 2019 (1QFY19) numbers — core profit after tax and minority interests of RM38.

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Zeti: Market needs more affordable housing

  SHAH ALAM (May 11): The market is never short of commercial and luxury properties and it needs more affordable housing to balance the oversupply situation, said Sime Darby Property Bhd chairman Tan Sri Dr Zeti Akhtar Aziz.

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Plaza Rakyat project to restart soon

  Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.

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