Chan: Rescinding acquistion of Bako land not political gimmick
KUCHING: The Sarawak government's decision to rescind the compulsory acquisition of Bako land, near here, is not a political gimmick, said Sarawak Deputy Chief Minister Dr George Chan.
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Schools need to pay land premium by month end
IPOH: The Perak government has asked Chinese independent schools, Islamic religious schools and the Perak Foundation to settle premium payments for farmland given to them last year to help fund their yearly expenses.
Chin urges banks to help SMEs venture in green tech infrastructure
KUALA LUMPUR: Financial institutions should be more open in providing financing to help small and medium enterprises (SMEs) venture into green technology infrastructure.
HwangDBS maintains 'buy' call on S P Setia
KUALA LUMPUR: HwangDBS Vickers Research has maintained its "buy" call on S P Setia Bhd and increased the target price to RM7.90 from RM5.96.
In a research note on Thursday, Mar 3, HwangDBS said S P Setia was expected to increase its land bank with the coming RM1.1 billion placement and record RM1.8 billion unbilled sales.
Hektar REIT looks to expand portfolio
KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT), the owner of three shopping malls, is anticipating to increase its portfolio this year riding on its confidence in financing yield-accretive acquisitions.
When is a good time to buy into the Sunway merger?
Share prices of Sunway Holdings Bhd and Sunway City Bhd (SunCity) have been falling in the market recently, raising the question of whether investors are feeling jittery about the impending merger between the two companies.
Number of Chinese investors in S'pore properties hit record high
SINGAPORE: Singapore is seeing growing interest from Mainland China as the number of Chinese buyers hit a record high of 19% of foreign purchasers in 2010, up from the previous high of 15% in 2009, according to the latest DTZ Singapore Property Times.
In another record high, Chinese buyers accounted for 23% of foreign purchasers in 4Q2010, up from 20% in 3Q2010.
Shanghai Grade A office to see strong demand in 2011
SHANGHAI: Demand for Shanghai grade A office will remain strong this year due to the influx of enterprises from the financial, banking and consulting industries, reported Knight Frank in its latest Shanghai Prime Offices quarterly report.
An annual growth rate of about 10% is projected for the Grade A office market for the year.
S P Setia (Maybank IB Research) buy; target price RM7.15
S P Setia
Swap for prime Bangsar land
S P Setia (AmResearch) maintain buy; fair value RM7.38
SP SETIA
Investment Highlights
• We maintain our BUY rating on SP Setia Bhd and raise our fair value from RM7.10/share to RM7.38/share – based on an unchanged 5% discount to our revised fully-diluted (FD)
NAV of RM7.77/share.
