KUALA LUMPUR: The global real estate fraternity has yet to see the worst, prompting expectations of further declines in property prices in advanced and emerging economies as financial institutions again tighten lending in a risk-averse landscape.

KUALA LUMPUR: Vincent Lo, who controls Shanghai-based developer Shui On Land Ltd, said he doesn’t see a bubble forming in the Hong Kong and China property markets because there is pent-up demand for homes as the economies expand.

KUALA LUMPUR: HwangDBS Vickers Research is maintaining its Buy call on Gamuda Bhd with a target price of RM4.25 as it sees more upside for the infrastructure-based company in the financial year 2010.The research house said on Sept 30 it continues to like Gamuda as a large cap construction stock with a niche in government contracts, and a diversifying earnings base including Vietnam.

PETALING JAYA: Besides Orchard Road, the most happening street in Singapore is Mohamed Sultan Road, where spiffy night clubs and eateries catering to the republic’s urbanites can be found.

KUALA LUMPUR: The global real estate fraternity has yet to see the worst, prompting expectations of further declines in property prices in advanced and emerging economies as financial institutions again tighten lending in a risk-averse landscape.But assets in emerging Asian entities tend to offer a more compelling investment theme compared with their peers in the developed US and Europe.

KUALA LUMPUR: Sime Darby Bhd has proposed RM4.5 billion Islamic debt notes to finance its working capital requirements and also future investments and if required, refinance debt obligations.Sime Darby said on Tuesday, Sept 29 it had proposed to undertake an Islamic medium term note programme of RM4.5 billion and an Islamic commercial paper/Islamic medium term note programme of RM500 million wi

KUALA LUMPUR: Malton Bhd has scaled back its proposed acquisition of Austin Heights Sdn Bhd from the initial 100% stake costing RM103 million to only 20% for RM20.6 million cash.Malton said on Tuesday, Sept 29 it had entered into a supplemental agreement with Southcon Builders Sdn Bhd for the acquisition of one million shares in Austin Heights for RM20.6 million.

KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.Gamuda said on Tuesday, Sept 29 that revenue however rose 10.68% to RM942.24 million from RM851.3 million.

KUALA LUMPUR: Talam Corporation Bhd posted a lower net profit of RM195,000 in its second quarter ended July 31, 2009 (2QFY10), from RM26.6 million a year earlier, despite receiving significant other income totaling RM19. 48 million.

KUALA LUMPUR: Ireka Corporation Bhd, which is seeking external jobs, has been pre-qualified for projects worth RM2.5 billion from the private sector, which may contribute significantly to its 2011 and 2012 financial years.