Sunway Holdings (Maybank IB) buy; target price RM2.10
Order book building up nicely
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Construction - 19 April 2010: Smaller players to gain from jobs in Iskandar
Rationale for report: Sector update
S.Korea April dept store sales growth nearly doubles
SEOUL: Sales growth at South Korea's top three department stores in April almost doubled, government data showed on Tuesday, adding to evidence of a sustained recovery in Asia's fourth-largest economy.
I-Bhd's first quarter pre-tax loss eases
KUALA LUMPUR: I-Bhd's pre-tax loss for its first quarter ended March 31, 2010 fell to RM1.45
million from RM1.681 million in the same quarter last year. Revenue fell to RM819,000 from RM1.467 million previously.
UK commercial property value growth slowed in April
LONDON: British commercial property values rose 0.8 percent in April, half the growth rate in March as the market's run-up in prices lost momentum, the Investment Property Databank (IPD) said on Monday, May 17.
Legislative framework key to green technology adoption
KUALA LUMPUR: A legislative framework is key to ensure wide-spread adoption of green technology, said several experts in the field.
KLCC Property group pre-tax profit for FY2010 rises 25%
KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP)’s group revenue for its financial year ended March 31,2010 rose by 2% to RM881.3 million compared with RM866.5 million in the previous financial year ended March 31, 2009.
Construction of hotels to help state Islamic religious councils
KUALA LUMPUR: The Malaysian Endowment Foundation is building five 3-star hotels on its endowment land in Terengganu, Perak,Melaka, Negeri Sembilan and Kelantan.
Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom said on Monday May 17 the hotels, which cost RM100 million each, were expected to be completed between next year and 2012.
Salcon's unit bags RM84.21 million contract from PAAB
KUALA LUMPUR: Salcon Bhd's unit Salcon Engineering Bhd (SEB) secured a RM84.21 million contract from Pengurusan Aset Air Bhd (PAAB), bringing its total order book value to a whopping RM1.3 billion.
The new contract is for the design and build of a water treatment plant and associated work at Sg Labu, Selangor, said Salcon in a statement on Monday May 17.
Sunway accepts sub-contract in Abu Dhabi development
KUALA LUMPUR: Sunway Creative Stones Sdn Bhd (Abu Dhabi Branch), a 70% owned subsidiary of Sunway Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of Sunway Holdings Bhd has accepted a letter of award for a sub-contract worth AED74.5 million (about RM65.69 million) on May 13.
