KUALA LUMPUR: Fajarbaru Builder Group Bhd's (FB) net profit has risen 20% to RM4.15 million for the first quarter (1Q) ended Sept 30, 2010 from RM3.45 million a year ago despite revenue falling by 29.9% to RM28.03 million from RM40.01 million a year ago.

KUALA LUMPUR: Y&G Corporation Bhd has posted a net loss of RM821,000 for the third quarter (3Q) ended Sept 30, 2010, from a net profit of RM465,000 a year ago underpinned by lower revenue and loss on disposal of property, it announced to Bursa Malaysia.

KUALA LUMPUR: IOI Corporation Bhd recorded a higher pre-tax profit of RM661.74 million for its first quarter ended Sept 30, 2010, compared to the RM625.11 million in the previous corresponding period.

KUALA LUMPUR: German companies are being encouraged to partake of Malaysia's Economic Transformation Programme (ETP) by forming a strategic and synergistic relationship with their Malaysia counterparts.

SYDNEY: Returns on Australian properties are improving, with Sydney's prime retail rents the second highest in the world behind New York, but experts see rises moderating as investors turn cautious and on higher interest rates.

HONG KONG: Last year Jessie Yip Wai-lun found herself and her family in a bit of a bind. Yip and her husband sold their apartment in Pok Fu Lam to buy a village house in Tai Po that would give them the 2,100 square feet they needed for themselves and their two young children.

HONG KONG: The upcoming launch of the second phase of flat sales at Cheung Kong's Festival City project above the Tai Wai MTR station will provide the first test of market sentiment since last month's annual policy address by Chief Executive Donald Tsang Yam-kuen.

Sunway has met 67% of our replenishment target YTD and we expect more contract wins by year-end. These include private condos, Legoland, Sarawak road packages,
Arzanah Phase 2 and SunCity projects. We have imputed the contributions from its recent property ventures in Singapore and Sri Lanka, which conservatively increases

Bandar Raya Developments
To Be A Washout 2H10

BRDB’s annualised 9M10 core net profit, excluding the RM82.7m exceptional gain from property revaluation surplus, was 50% and 77% below our and consensus estimates. 9M10 y-o-y and q-o-q turnover fell by 33% and 16% respectively on lower property sales, exhausting unbilled sales and delays in progress billing.

BANDAR RAYA DEVELOPMENTS BHD

• Bandar Raya Developments Bhd (BRDB) recorded net losses of RM0.7mil in its 3QFY10 thus taking its 9MFY10 core earnings to only RM23mil. This is way below our and consensus estimates, covering only about 18%-20% of our numbers. No dividend was declared during the quarter.