Stockwatch

MK Land: SHARES in MK Land drifted lower over the past two weeks on thin volume, with investors wary about property counters' earnings prospects. Analysts said MK Land's current year earnings ended June 30 was likely to be much lower than what it was a year ago, but a recovery could come next year on new high-end launches at flagship township Damansara Perdana. At 58 sen last Friday, the stock was traded at a deep discount to its revised net asset value of RM1.52.