S P Setia confident in Melbourne property market demand

MELBOURNE (Oct 15): S P Setia Bhd is optimistic about the property demand in Melbourne, Australia, as the population of one of the world’s most liveable cities continues to rise and is expected to surpass that of New South Wales’ capital city, Sydney, in the next decade, said the company president and CEO Datuk Khor Chap Jen.

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MRCB balance sheet seen to improve further in 2H

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.

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No land, no affordable homes

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.

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