We laud Sunway for its land banking activity in Singapore as they are one of the few developers in town that is landbanking instead of selling land as seen in other developers weathering the weak property sentiment in Malaysia.

Through property development, Country Garden aims to help promote social progress by establishing quality houses and lifestyles through its advanced construction technology and top-notch property management services.

Our top pick for the sector is Sunway REIT (Buy; TP: RM1.93) due to its positive earnings outlook. We believe its retail division will continue to spur earnings growth going forward while the office segment may rebound from its previous low. 

We expect overall margin to remain at a low in the second half (2H) as contractors may continue to be prudent in terms of margin recognition. Industry players are aiming for jobs in Sarawak as emphasis will be placed on state water and rural road projects. 

IJM's latest job win positively boosts its outstanding order book to an estimate of RM9.3billion, further enhancing its medium long-term earnings visibility.

A place of memories for many PJ folk who have grown up around the area.

The value of unclaimed estates left by the deceased since independence in Malaysia is in the region of RM60 billion. That is food for thought.

Pesona’s total order book now stands at around RM2.2 billion, translating into a decent cover of 4.3 times on financial year 2017 (FY17) construction revenue.

Yesterday, IJM Corp Bhd announced that they had accepted a contract award amounting to RM505 million from Affin Bank Bhd for the construction and completion of the superstructure work of the proposed 47-storey office building at Tun Razak Exchange (TRX) in Kuala Lumpur.

The acquisition of Green Leaf Niseko Village Hotel is expected to be completed by end of first half of FY19.