S P Setia Bhd (Apr 12, RM6.50)
Maintain buy at RM6.56 with revised fair value of RM8.10 (from RM7.38): We maintain our "buy" rating on S P Setia and raise our fair value from RM7.38 to RM8.10 per share, at parity to our revised fully-diluted (FD) net asset value (NAV) of RM8.10.

IJM Land Holdings Bhd (Apr 14, RM2.79)

KUALA LUMPUR: The first residential project of a regeneration development in King's Cross in London has been fully taken up. As a result, an exhibition to attract Malaysian buyers of the 114-unit apartment project called the ArtHouse, scheduled for tomorrow, at the JW Mariott Hotel in Kuala Lumpur has been cancelled.

SINGAPORE: Singapore's K-REIT Asia said on Thursday, Apr 14 tha tits first quarter (1Q) distribution per unit (DPU) rose 35% from a year ago, helped by contributions from recently acquired properties.

The DPU for the three months ended Mar 31 was 1.79 Singapore cents, up from 1.33 cents in the year-earlier period.

KUALA LUMPUR: The Klang Valley property market has been quiet in the first quarter of 2011 (1Q11). Though it has picked up, property consultancy PPC International Sdn Bhd does not expect the market to be vibrant in the coming months.

KUALA LUMPUR: The first residential project of a regeneration development in King’s Cross in London has been fully taken up.

PETALING JAYA: A team from Cyberview Sdn Bhd visited The Edge Communications office in Mutiara Damansara and met up with some of its editors on April 13. Cyberview is the landowner and master developer of Cyberjaya, the centre of Malaysia’s Multimedia Super Corridor (MSC).

KUALA LUMPUR: While Penang's property market has been sizzling, the stock price performance of the island's largest developer — Eastern & Oriental Bhd (E&O) — has been lukewarm, although that could very well soon change.

BEIJING: Amanda Sun bought three houses in Australia's coastal city of Gold Coast after visiting the town just once as a tourist.

The 33-year-old owner of a small trading firm is one of thousands of Chinese who are beginning to export China's house price inflation abroad by piling into property markets overseas.

HONG KONG: In a new report, Moody's Investors Service changes its outlook for the China property sector to negative from stable. The change reflects the rating agency's expectations for the fundamental credit conditions of the sector over the next 12 to 18 months.