Still no news on RCULS conversions

We met with KLCC Property Holdings’ (KLCCP) new Head of Finance & Accounts Division, Encik Azmi Yahaya, and Head of Legal & Corporate Services Division, Encik Abd Aziz Abd Kadir.

Today, we introduce our “Construction: Jobs Flow Tracker”, which seeks to measure the momentum of contract awards. Over the 1Q10 period, some RM2.85bn worth of jobs was awarded. Domestic contracts showed a healthy 16% y-o-y increase but contracted by 38% q-o-q due to the high base effect.

UNITED STATES (U.S.): Churches emerged from previous economic downturns relatively unscathed, lenders noted. But the recent recession was preceded by an unusual boom in church building.

HONG KONG: Hong Kong housing prices hit a 12-year high in the first quarter after increasing 7.5 per cent from the end of 2009.

The surge was powered by a combination of low interest rates, limited supply and growing confidence in Hong Kong's economic recovery, according to a housing index compiled by Centaline Property Agency.

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) has a Buy call on Sunway Holdings with a sum-of-parts target price of RM1.95

Sunway had on Thursday, April 1 accepted the letter of award for a RM88 million contract from KLCC Holding Sdn Bhd to build Phase 2 of Impiana KLCC Development.

KUALA LUMPUR: Dijaya Corporation Bhd has re-designated Dickson Tan Yong Loong as its executive director from his previous position as non-executive director.

The Sime Darby Idea House

KUALA LUMPUR: Sime Darby Property Bhd’s Sime Darby Idea House, currently being built within its Denai Alam township in Shah Alam, is set to be the first carbon-neutral residence in Southeast Asia.

Kuala Lumpur: Hua Yang Bhd is undertaking a RM45 million commercial cum industrial development in Seremban, Negeri Sembilan, a project earmarked as an industrial hotspot for business owners seeking a strategic address and investors scouting for viable investments.

KUALA LUMPUR: DAP National Publicity Secretary Tony Pua on Thursday, April 1 urged the Employees Provident Fund (EPF) to refrain from taking unnecessary investment risks and "over-stretching" the limits of its role under the government's New Economic Model (NEM).

KUALA LUMPUR: Sunway Holdings Bhd has been awarded a RM88 million contract from KLCC Holding Sdn Bhd for construction works on Phase 2 of Impiana KLCC hotel in Kuala Lumpur.