Poh Huat expands beyond existing bases into Australia
Company acquiring a detached warehouse cum office showroom in South Dandenong (approximately 30km south-east from Melbourne’s central business district)…
In Depth
Showcasing the Malaysian identity
"What I like the most about the job is designing. It is something you can dream about and you can put in your talent, aspirations for the future and what you would like to see in Malaysia. It allows you to create things that tell stories and inspire. Isn’t it important that you can inspire? How many people have the opportunity? It is more than just earning money,” renowned architect Hijjas Kasturi tells City & Country recently.
SPB to launch Aira Residence next month
The mature neighbourhood of Damansara Heights will soon have a new member — Aira Residence by Selangor Properties Bhd (SPB).
Chin Hin’s expansion plans on track with land purchase
This parcel, with an aggregate area of about 20.7ha is located in Mukim of Kota Tinggi, Daerah Kota Tinggi, Johor...
Gabungan AQRS loses out on Selangor state affordable housing deal
GAQRS is still on track to secure the potential RM320 million Pahang administration centre project...
Favourable odds for Genting Malaysia
The opening of new key facilities with regard to the Genting Integrated Tourism Plan is on track for a soft opening by year end...
Compelling opportunities from HSL’s key strengths
The order book is of good quality as it mainly comprises public infrastructure projects with higher margins…
How about lowering property prices?
As controversy rages over the suggestion for developers to lend money to prospective buyers who have difficulties getting financing to purchase properties, one question remains unasked: Will lower property prices help resolve the buyers’ financing problem?
Mah Sing focuses on resilient central region
Mah Sing Group Bhd is our top pick for the property sector that we believe is heading towards a positive inflection. We view the company as a high risk/reward Malaysia property pure play supported by a positive economic value added (EVA), low net gearing and decent yields driven by a clear sales strategy (central focus, easy entry). The stock’s current price-earnings ratio (PER) of 10 times 2017CL (32% discount to peers) further underpins our upgrade to “buy” (from underperform). Our target price is RM1.90 (was RM1.46).
LBS to unlock value of construction business
The group announced overnight a rationalisation exercise which will see its construction business (held through 75%-owned MITC Engineering Sdn Bhd) injected into 51.2%-owned listed subsidiary, ML Global Bhd. The consideration sum of RM225 million will be settled via the issuance of 200.8 million ML Global shares and 135 million irredeemable convertible preference shares, both at 67 sen each.
