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KUALA LUMPUR: RHB Research has tactically upgraded construction company Kimlun to Buy from Neutral, at a revised target price of RM1.36 from RM1.52, offering 18% upside plus 5% FY19F yield.
KUALA Lumpur Kepong Bhd’s (KLK) core net profit (CNP) of RM892mil for the financial year of 2018 (FY18) was broadly within Kenanga Research’s forecast at 95%, although it fell by 17% year-on-year.
KUALA LUMPUR: Scientex Bhd, a global packaging manufacturer and property developer, aims to expand its land bank as it aims to deliver 50,000 affordable homes by 2028.
PETALING JAYA: Country Garden’s Forest City project, which is located in Johor, has won the Global Model of City-Industry Integration Award at the 2018 Sustainable Cities and Human Settlements Awards (SCAHSA).
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has secured two major contracts worth about RM10mil for the supply of industrialised building system (IBS) products to two government projects.
PETALING JAYA; The government will push ahead to streamline the various departments and agencies involved in the property sector to raise their efficiency and also pushed ahead with industrialised building system (IBS).
JOHOR BARU: Johor has received four applications including from investors in China to set up industrialised building system (IBS) plants in the state.
PETALING JAYA: Rehda Institute is proposing the government to expand its role in resolving the various issues troubling the housing sector and to use some of the land at federal and state level’s disposal to build public and social housing.
KENANGA Research is ‘neutral’ on Kimlun’s two new contract wins, given that the company’s contract replenishment year-to-date is still within the research house’s expectation for the financial year of 2018 (FY18).
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) is pushing to boost the sales of its industrialised building system (IBS) products for housing projects in the state.