Market outlook & strategy 2H2010 - still a bumpy ride
A “Tactical” Play In A News Flow Driven Market
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Two Kowloon sites tipped to fetch more than HK$6b
HONG KONG: Two medium-sized residential sites in Kowloon were triggered for auction on Wednesday, June 30, a move that showed developers were eager to replenish their land banks in urban areas.
Penang BN to meet Najib on Penang Bridge toll hikePenang BN to meet Najib on Penang Bridge toll hike
KUALA LUMPUR: The Penang Barisan Nasional leadership will meet the prime minister to discuss the Penang Bridge toll hike issue on its own instead of jointly with Chief Minister Lim Guan Eng.
Penang BN chairman Tan Sri Dr Koh Tsu Koon told reporters at parliament lobby yesterday that he had declined Lim’s invitation to “protest” the imminent toll hike.
Japan land prices drop at fastest pace in 13 years
TOKYO: Average land prices in Japan fell 8.0% in the year to January 1, the biggest drop in more than a decade, a government agency said, in a sign the country's real estate market is still reeling from the global financial crisis.
Australia's shoppers, builders feel bite from rates
SYDNEY: Australia's retail sales grew at a pedestrian pace in May, while approvals to build new homes fell sharply for a second month, adding to investor expectations that interest rates would stay on hold this month, if not for longer.
Tanjong PLC : Safe harbour in this bay for 1QFY11 (July 1, 2010)
1QFY11 : Safe harbour in this bay
Kumpulan Europlus rakes in net loss of RM3.4 million
KUALA LUMPUR: Kumpulan Europlus recorded a net loss of RM3.4 million for its first quarter ended April 30, 2010 compared to a net profit of RM250,000 a year ago, it announced on Bursa Malaysia on Wednesday, June 30.
“The loss for the quarter was due to higher finance cost and lower other income, mitigated by lower operating expenses,” the Group said.
Talam Corp 1Q net profit drops 30%
KUALA LUMPUR: Talam Corporation Bhd's (Talam Corp) net profit for its first quarter ending April 30, 2010 dropped 30% to RM1.6 million from RM2.2 million the previous year, it said in a filing to Bursa Malaysia on Wednesday, June 30.
Its revenue meanwhile dropped 62% to RM23.3 million from RM61.4 million a year ago.
Jaks Resources sees 470% jump in 2Q net profit; drops 33% in revenue
KUALA LUMPUR: Jaks Resources's net profit for the second quarter ending April 30, 2010 rose 470% to RM890,000 compared to RM142,000 reported in the same quarter last year, the company said in a filing to Bursa Malaysia on Wednesday, June 30.
However, revenue in the quarter dropped 33% to RM54.68 million from RM81.312 million in the same quarter the year before.
Fund sees record rentals for Macau luxury flats
MACAU: The Macau Property Opportunities Fund has achieved record rentals for units in The Waterside, a luxury residential block in Macau that it bought from Hongkong Land and Shun Tak Group in 2006.
