KUALA LUMPUR: Selangor Dredging Bhd (SDB) registered a higher profit before tax of RM6.34 million in its third quarter ended Dec 31, 2009 compared with RM3.53 million recorded in the preceding quarter.

KUALA LUMPUR: Loh & Loh Corp posted a pre-tax profit of RM39.738 million in its financial year ended Dec 31, 2009, higher than the RM32.347 million in the previous year. Revenue however, declined to RM250.569 million from RM307.218 million.

* MONITOR

HONG KONG: At the time, it looked like a woefully bad call. Last Friday (Feb 19), Monitor argued that Hong Kong's asset markets would remain buoyant this year even if the US Federal Reserve were to begin raising interest rates sooner than generally expected.

KUALA LUMPUR: The Information Communication and Culture Ministry will expose the states and local authorities (PBTs), which are dilly-dallying in approving the construction of telecommunication towers in their respective areas.

BANGKOK: Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering, but it will maintain some subsidies aimed at helping poorer people, the finance minister said on Feb 23.

KOTA KINABALU: Sabah will receive RM100 million from the Rural and Regional Development Ministry under the Housing Assistance Programme this year.

With the allocation, Chief Minister Datuk Seri Musa Aman said, the state government hoped to build more houses for the hardcore poor as compared to last year.

KUALA LUMPUR: Property developer, Tradewinds Corp Bhd, slipped into the red in the financial year ended Dec 31, 2009, recording a pre-tax loss of RM6.839 million compared to a pre-tax profit of RM231.063 million in 2008.

SIBU: Datuk Seri Najib Tun Razak has announced a special allocation of RM35 million for three projects to improve living condition in four resettlement schemes in the Rajang Security Command (Rascom) area.

KUALA LUMPUR: Hwang DBS Investment Management Bhd last week declared an interim income of 0.75 sen for the HwangDBS Global Property Fund this year for its financial year ending Feb 28, 2010.

Reaffirm NEUTRAL

UEM Land Holdings (ULHB) 4Q09 results beat our expectation. 4Q09 earnings and pretax profit accounted for >100% of both ours and consensus full year estimates.