Borneo Oil acquires seven plots of quarry land in Lahad Datu
KUALA LUMPUR (Jan 27): Borneo Oil Bhd is acquiring seven plots of quarry land in Lahad Datu, Sabah as part of its expansion plan into limestone mining.
MRCB’s MoU with IWH CREC lapses
KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.
Sime Darby reveals plan to list plantation, property arms
KUALA LUMPUR (Jan 27): Sime Darby Bhd plans to create three pure play stand-alone businesses in the plantation, property and trading and logistics sectors, by floating the shares in its plantation and property arms, while retaining its trading and logistics business under the current listed entity.
Sunway Construction poised for a potential breakout, says Public IB Research
KUALA LUMPUR (Jan 27): Public IB Research said that squeezing into an ascending triangle for the past 3 months, Sunway Construction Group Bhd is poised for a potential breakout into new high territories as both bullish relative strength index and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.
HLIB Research keeps Buy on Sime Darby, ups target to RM10.06
KUALA LUMPUR (Jan 27): Hong Leong IB Research has maintained its “Buy”rating on Sime Darby Bhd with a higher target price of RM10.
IHH Healthcare to buy property from YNH Property for RM63 mil
KUALA LUMPUR (Jan 26): IHH Healthcare Bhd will acquire a parcel of freehold land with a five-storey purpose-built private hospital from YNH Property Bhd for a total consideration of RM63 million.
C&C Bintang buys land and factory opposite Bandar Malaysia for RM59.8 mil
KUALA LUMPUR (Jan 26): Cycle & Carriage Bintang Bhd (CCB) is buying a piece of leasehold land together with a factory building located opposite the Bandar Malaysia project for RM59.
Slow sales growth for China’s property market in 2017, says Moody’s
PETALING JAYA (Jan 26): After posting a record high in 2016, China’s property market will show a slower pace of sales growth in 2017 on the back of Beijing’s tightened controls to curb property price growth, according to Moody’s Investors Service.
Sime Darby Property, CREAM to commercialise D3 concept
KUALA LUMPUR (Jan 26): Sime Darby Property and the Construction Research Institute of Malaysia (CREAM) today signed an agreement to commercialise the Divergent Dwelling Design (D3) design concept.
