Price: RM2.28

Target Price: RM2.79

Recommendation: BUY

HONG KONG: Moody's Investors Service says Singapore real estate investment trusts (S-REITs) are being weighed down by the modest recovery in the Singaporean economy and by the  strong supply of new properties coming on the market."Despite the operational resilience of most S-REITs in the last six months, we expect the fundamental prospects for the sector to remain challenging in the next 12 mon

HONG KONG: China Overseas Land & Investment said late on Wednesday (March 17) it planned to team with investors to set up a fund of US$250 million (RM827.6 million) to US$500 million for real estate investments or project development in China.

KUALA LUMPUR: Ho Hup Construction Bhd shareholders yesterday (March 17) voted out all the directors linked to deputy chairman Datuk Vincent Lye Ek Seang and replaced them with a group that effectively help the founding Low family back in control. But analysts say this may not be the end of the tussle and they expect more manoeuvrings including legal ones in the months ahead.

KUALA LUMPUR: TA Global Bhd (TAGB) recorded a net profit of RM22.51 million in its third quarter ended Jan 31, 2010 (3QFY10) on the back of RM80.56 million revenue.

There were no comparative figures in the preceding period corresponding quarter as this is the group's first year of preparing its quarterly financial report subsequent to its  listing on the Main Market on Nov 23, 2009.

KUALA LUMPUR: The resolutions to remove seven Ho Hup Construction Co Bh directors were approved at the EGM on Wednesday March 17.
The resolutions were carried through with 55.94% of the votes cast in favour of their removal.

PUTRAJAYA: Rural and Regional Development Minister Datuk Seri Shafie Apdal assured the Orang Asli community that the quantum proposed under their new land allocation scheme would be reviewed.

He said the new land policy for Orang Asli would be reviewed, including the proposed allocation of 2.4 ha per family, for cultivation and 0.1 ha to build their house.

HONG KONG: A listed electronic components manufacturer on March 16 bought a house on The Peak for HK$60,215 (RM25,597) per sq ft, making it the most expensive home in Hong Kong in terms of price per sq ft.

TAIPEI: Taiwan's central bank sees selective steps as effective in cooling house price rises in certain areas of the island, suggesting it is not likely to raise interest rates this month.

KUALA LUMPUR: A majority of Ho Hup Construction Co Bhd shareholders voted out seven directors at the EGM on Wednesday, March 17.

About 55.94% of shareholders voted in favour for the removal of deputy chairman Datuk Vincent Lye, Lim Ching Choy, Datuk Liew Lee Leong, Lai Moo Chan, Long Md Nor Amran Long Ibrahim, Mohd Shahril Hamzah and Foo Ton Hin.