Bandar Raya Developments: Not so exciting pre-sales for FY10F
Hold rating is maintained
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Symphony Heights targets phase 3 launch in 3Q2010
KUALA LUMPUR: Phase 3 of Symphony Heights’ high-rise residential development is targeted for launch in the third quarter of this year.
Malaysia is committed to slashing 40% of carbon emission levels
PUTRAJAYA: Malaysia is committed to slashing 40% of its carbon emission levels by the year 2020. Minister of Federal Territories and Urban Well-being Datuk Raja Nong Chik said the reduction is based on emission levels recorded in 2005.
Home prices in China scary, says head of China Everbright
HONG KONG: The head of state-owned conglomerate China Everbright Holdings has warned of the dangers of rising property prices on the mainland and said that because of market volatility the group would be cautious about investing in the sector this year.
SHK Prop pays lofty US$432 million for Hong Kong land site
HONG KONG: Sun Hung Kai Properties won the bidding for a government-auctioned residential site in Hong Kong for HK$3.37 billion (RM1.47 billion), well ahead of consensus, in a sign the city's housing market is showing no signs of slowing down.
UEM Land posts 12.7% increase in revenue for 4Q2009
KUALA LUMPUR: UEM Land Holdings Bhd recorded a 12.7% q-o-q increase in revenue for 4Q2009 to RM205.1 million, compared with RM181.98 million for 4Q2008. Its revenue for FYE2009, however, posted a decrease by 21% to RM403.1 million.
Putrajaya Perdana Bhd posts 43% increase in pre-tax profit
KUALA LUMPUR: Putrajaya Perdana Bhd saw an increase in pre-tax profit and revenue of RM30 million and RM1 million respectively, for FYE Dec 31, 2009, compared with the previous corresponding year. Its revenue rose to RM865.997 million while pre-tax profits increased to RM69.552 million.
BRDB profit before tax jumps 58% in FYE2009
KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) saw an increase of 58% for its y-o-y profit before tax to RM155.8 million for FY2009, primarily due to increased profits in its property division.
SunCity offers Chinese New Year home financing package
PETALING JAYA: Sunway City Bhd (SunCity) has teamed up with Malayan Banking Bhd (Maybank) to offer homebuyers a special home financing package for selected residential property developments.
In a statement on Feb 22, SunCity said it is offering the Double Celebration Bonanza package where buyers could enjoy the “pay half, pay less, pay later” scheme with a 95% loan.
Malton Bhd sees 208.8% increase in pre-tax profit for 2QFY2010, but lower revenue
KUALA LUMPUR: Malton Bhd recorded a 208.8% jump for its pre-tax profit for its 2QFY2010 (FYE June 30, 2010) to RM10.5 million compared with RM3.4 million in the previous corresponding quarter. The group’s revenue, however, decreased by 13% to RM116.3 million for the same quarter compared with RM133.6 million in the previous corresponding quarter.
