News about S

KAJANG (Dec 6): MKH Bhd is confident it will maintain an 80% average take-up rate for its property launches in financial year ending Sept 30, 2017 (FY2017).

ISKANDAR PUTERI (Dec 6): Forest City, a mixed-use development on four man-made islands, is expected to contribute RM66 billion in tax revenue to the government over two decades.

  SUBANG (Dec 6): The Selangor state government hopes to obtain “smart state” status by 2025 according to its Smart Selangor Blueprint launched today at the inaugural Smart City International Conference 2016 in Subang.

PETALING JAYA (Dec 6):  Mammoth Empire Construction Sdn Bhd, a  subsidiary of Mammoth Empire Holding (Mammoth Empire), has confirmed that a mobile crane had overturned yesterday at its Empire City Damansara construction site located in Damansara Perdana.

SINGAPORE (Dec 6): Oxley Holdings is acquiring a 40% stake in a Western Australia-based property and construction company, Pindan Group, for A$32 million (S$34 million or RM106.

SINGAPORE (Dec 6): Ascendas REIT is acquiring two properties located along Science Park Drive for S$437.

SINGAPORE (Dec 6): Maybank Kim Eng is maintaining a “neutral” stance on Singapore’s property sector while positioning defensively at the lower end of the risk spectrum, expressing a preference for exposure to stable platforms over trading portfolios.

KUALA LUMPUR (Dec 6): Bina Darulaman Bhd (BDB) shares rose 1.

Real Estate Investment Trusts Maintain neutral call: Malaysian government securities (MGS) yield spiked in November to above 4.

Initiate buy call with a target price of 81 sen: Pesona Metro Holdings Bhd’s new job wins have totalled RM1.