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Al-Hadharah Boustead REIT 1Q net profit up 4.38% to RM20.97m

KUALA LUMPUR (May 8): Al-Hadharah Boustead REIT's profits rose 4.38% to RM20.97 million for its first quarter ended Mar 31, from RM20.09 million driven by higher fixed rental income.
Revenue for the quarter rose 9.2% to RM24.2 million from RM22.16 million in 2011.
Earnings per unit was 3.34 wen compared to 3.61 sen a year earlier.

08 May, 2012
Al-'Aqar REIT a good proxy to rising healthcare sector

Al-'Aqar Healthcare REIT (May 7, RM1.20)
Not rated: Al-'Aqar Healthcare REIT is the fifth largest Malaysian REIT (MREIT) in terms of asset size and is the only one focused on healthcare. It owns 24 healthcare-related assets, including three overseas. Al-'Aqar is sponsored by KPJ Healthcare Bhd.

08 May, 2012
Pavilion REIT posts RM47.8m pre-tax profit for 1Q

KUALA LUMPUR (May 8): Pavilion Real Estate Investment Trust (REIT) posted a pre-tax profit of RM47.8 million on a revenue of RM85.3 million for the first quarter ended March 31, 2012.

The group, which was listed on the Main Market of Bursa Malaysia on Dec 7 last year, is managed by Pavilion REIT Management Sdn Bhd.

08 May, 2012
Ho Hup's legal tussle could set far-reaching precedent

KUALA LUMPUR (May 7): The long-drawn legal tussle for Ho Hup Construction Company Bhd over the development right of the 60 acres (24ha) of land in Bukit Jalil, Kuala Lumpur, could have far-reaching implications on corporate governance for public listed entities.

07 May, 2012
Nong Chik: RM5m to upgrade infrastructure in KL

KUALA LUMPUR (May 7): A sum of RM5 million has been allocated this year to upgrade various infrastructure in Kuala Lumpur, Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said on Monday.

07 May, 2012
Asset sale limbo puts BRDB at the crossroads

KUALA LUMPUR (May 7): Bandar Raya Development Bhd's (BRDB) long drawn-out plans to sell its investment properties, coupled with slow property sales, have left the company in limbo on its future direction.

07 May, 2012
Fajarbaru lands RM300m LRT depot contract

Fajarbaru Builder Group Bhd (May 4, 96.5 sen)
Upgrade to outperform with fair value of RM1.10 from RM1.04: Fajarbaru has secured a RM299.8 million contract for the construction of the Kampung Kuala Sungai Baru depot under Package B of the Ampang LRT line extension project.

07 May, 2012
City&Country: Infrastructure growth to spur property values

In the past few years, the Malaysian government has allocated a substantial sum for the development of infrastructure, particularly in the Klang Valley, Penang and Iskandar Malaysia in Johor.  Among the projects are the RM40 billion Greater KL mass rapid transit (MRT), the extension of the existing light rail

05 May, 2012