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Malaysian Resources Corp Bhd (Oct 12, 72 sen) Maintain buy with a target price of 98 sen: Malaysian Resources Corp Bhd’s (MRCB) balance sheet is expected to improve further in second half of financial year 2018 (2HFY18) with earnings enhancement largely due to the disposal of land in Kia Peng, Kuala Lumpur, which is to be concluded in the third quarter of FY18, and significant deleveraging expected from the disposal of its two key non-core assets — the Eastern Dispersal Link (EDL) with an outstanding debt of RM1.

KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.

KUALA LUMPUR (Oct 15): Datuk Seri Anwar Ibrahim's landslide victory in the Port Dickson by-election last week was an expected good news, said Prime Minister Tun Dr Mahathir Mohamad.

KUALA LUMPUR (Oct 15): MP for Damansara and political secretary to Minister of Finance, Tony Pua, has chided the Singapore Straits Times (ST) for allegedly getting its facts incorrect in its reporting of the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (Oct 15): A Chinese property developer was sentenced to at least two-and-a-half years jail time by an Australian court on Friday (Oct 12) for non-consensual intercourse with a woman after a dinner party in Sydney hosted by tycoon JD.

PETALING JAYA (Oct 15): Housing and Local Government minister Zuraida Kamaruddin said she is waiting for the developer of Forest City to brief her about their affordable housing plans that will purportedly cater to the needs and tastes of locals.

KUALA LUMPUR (Oct 15): State governments have been told to help shoulder the responsibility of making sure of sufficient affordable homes available in the country.

PETALING JAYA (Oct 14): A Bangladesh worker sustained injuries to the head after falling 40ft when the plaster ceiling of a hotel lobby collapsed here today, reported The Star.

Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.

Stocks in Bursa Malaysia have suffered one of the worst weeks in years, and in Tong's Value Investing Portfolios column in The Edge, it is theorized that Bursa was likely affected by news of the planned retender of the contract for the Mass Rapid TRansit (MRT2) underground tunnel.