Sustainable revenue growth
Highlights:

•  Outperform: IJM Land currently sits on a well diversified landbank of 7446 acres with a gross development value (GDV) of RM24.0bn. We are recommending Outperform with target price of RM pegged by EPS of 17.7sen and forward PER of 16X.

Mah Sing Group
Spot-on 1Q10

Highlight

SINGAPORE: The Government of Singapore Investment Corp (GIC) may list its logistics business in the city-state in an IPO valued at up to US$1 billion, sources with knowledge of the deal told Reuters.

IJM Land
FY10 inline

KUALA LUMPUR: A combination of a stronger ringgit and the depressed economy in some regions have prompted IGB Corp Bhd to go on an acquisition trail.

IGB is planning on expanding its hospitality division by acquiring distressed hotels overseas, said its group managing director Robert Tan.

Selangor Dredging
FY10 net profit within expectations

PUTRAJAYA: Transport Minister Datuk Seri Ong Tee Keat said on May 26 the Keretapi Tanah Melayu Bhd (KTMB) land in Singapore has not been developed previously due to land use restrictions.

KUALA LUMPUR:  There is a high correlation between poor ventilation in a building with the Sick Building Syndrome (SBS), according to a study by Malaysian researchers.

KUALA LUMPUR: Colliers International has opened two new offices – Shanghai Pudong Branch Office and Hangzhou Representative Office – in the Yangtze River Delta region in the second quarter this year.

Colliers Pudong branch office, established in Mirae Asset Tower aims to provide financial institutions with full-spectrum services of the property sector.