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Last Price Today's Change   Day's Range   Trading Volume
0.305   0.00 (0.00%)  0.30 - 0.31  873,100
10,207 comment(s). Last comment by koyokui at Dec 2, 2021 9:56 AM
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11008 posts

Posted by Good123 > Sep 11, 2020 10:43 AM | Report Abuse

any weakness is an opportunity to accumulate. govt owns it via khazanah

11008 posts

Posted by Good123 > Sep 11, 2020 10:47 AM | Report Abuse

uem land

11008 posts

Posted by Good123 > Sep 11, 2020 10:51 AM | Report Abuse

Upbeat projection: The European Central Bank, right, is seen in Frankfurt. Its prediction of a record 8.7% contraction for 2020 is now showing improvement. — AP

FRANKFURT: Some European Central Bank (ECB) policy makers have become more confident in their forecasts for the region’s economic recovery, potentially reducing the need for more monetary stimulus this year, according to euro-area officials familiar with the discussions.

The latest projections for output and inflation will show only slight changes to the June outlook, the people said, asking not to be named because the report will only be published after the Governing Council meets.

The euro gained after the report, which signals relief that while the recovery still remains highly uncertain, some of the downside risks that the ECB stressed in its previous round of forecasts haven’t so far materialised.

The ECB predicted a record 8.7% contraction for 2020 back in June. That figure will now show an improvement, one person said, with private consumption in particular doing much better than expected.

The officials also said that in their view additional monetary support beyond the current 1.35 trillion euro (US$1.6 trillion) emergency bond-buying programme doesn’t appear warranted from the current perspective, though that could change. The next round of forecasts in December will be key for that decision, they said.

The euro jumped, putting it on track to snap six days of declines. It was up 0.3% at US$1.1815 at 3:36pm Frankfurt time. German 10-year bond yields rose slightly.

An ECB spokesman declined to comment. A full discussion of monetary policy will be held soon.

Most respondents in a Bloomberg survey last week predicted an increase in the bond-buying programme by December, with a median estimate of 350 billion euros. Economists don’t expect any action this week.

The ECB has previously stressed downside risks to its outlook such as a second wave of infections, more permanent damage to the labor market and weak consumption as a result of elevated uncertainty.

Recent data suggested that some of those concerns may have eased. Retail sales have already made up all of the ground lost during the worst phase of the crisis, and governments have been reluctant to go back to full-fledged lockdowns even as the virus spreads.

Many nations have extended their furlough programmes, and the European Union has agreed on a massive recovery fund. The less-downbeat view has been reflected in recent comments from some of the ECB’s top officials.

Chief economist Philip Lane, who is in charge of forecasts, argued recently that “what we’ve seen over the summer is more or less in line with our baseline projections.”

Executive board member Isabel Schnabel came to the the same conclusion. As long as the trend remains intact, there’s no reason to change policy, she said. The euro’s relative strength has been added to the ECB’s list of worries though. — Bloomberg

11008 posts

Posted by Good123 > Sep 11, 2020 10:55 AM | Report Abuse

with the vacancy tax proposal removed, property stocks should rebound soon :) KUALA LUMPUR: The government decision to put the proposed vacancy tax on the back burner comes as good news for developers and the housing industry as well, say property consultants and economists.

Rahim and Co International research director Sulaiman Saheh said the proposal by Housing and Local Government Minister Zuraida Kamaruddin lacked clarity in the first place.

“Although the intention was to prevent the residential overhang situation from worsening, the implications of implementing the tax amid the challenging period that we are in right now could have other ramifications, ” he said.

11008 posts

Posted by Good123 > Sep 11, 2020 11:17 AM | Report Abuse

uems is special because it is land rich, majority owned by khazanah, the country

11008 posts

Posted by Good123 > Sep 11, 2020 11:18 AM | Report Abuse

ROI will very high for those who invest in it now , harvest later

Bmw X5
7105 posts

Posted by Bmw X5 > Sep 11, 2020 11:45 AM | Report Abuse

Hahaha now show power..0.38

188 posts

Posted by newbie300 > Sep 11, 2020 11:53 AM | Report Abuse

price will tell the truth, what i saw now they are lousy management at this moment..see how they been laosy/lazy for this past few months... maybe few month later also same price...

188 posts

Posted by newbie300 > Sep 11, 2020 11:54 AM | Report Abuse

ppl is working hard to think how to survive/went thru this pandemic, they just act like "eat bao then only sell pao"....

11008 posts

Posted by Good123 > Sep 11, 2020 1:00 PM | Report Abuse

2QFY20 CNL of RM57.4m dragged 1HFY20 to CNL of RM61m which disappointed due to slower-than-expected progress billings and sales, impacted by MCO. Slash FY20/21E earnings by 43%/8% but maintain OUTPERFORM with lowered TP of RM0.555 given cheap valuations and it being a beneficiary of a potential revival of the High Speed Rail project.

11008 posts

Posted by Good123 > Sep 11, 2020 1:01 PM | Report Abuse

Maintain OUTPERFORM with a lower TP of RM0.555 (from RM0.565) on unchanged 0.37x FY21E PBV (-1.5SD). Our Outperform rating is premised on the fact that valuations are cheap coupled with the fact that the revival of HSR would benefit UEMS with 75% of their remaining land bank within Johor.

Source: Kenanga Research - 25 Aug 2020

11008 posts

Posted by Good123 > Sep 11, 2020 1:53 PM | Report Abuse

glove, technology- up n down, land value is surely increasing over time which uems has plenty :)

11008 posts

Posted by Good123 > Sep 11, 2020 3:46 PM | Report Abuse

those cash rich investors could buy uems instead of buying lands and other properties directly :)

2563 posts

Posted by labu83 > Sep 11, 2020 3:55 PM | Report Abuse

i buy more,haha

2563 posts

Posted by labu83 > Sep 11, 2020 4:00 PM | Report Abuse

38 cent loading

Bmw X5
7105 posts

Posted by Bmw X5 > Sep 11, 2020 7:09 PM | Report Abuse

Hahaha ok.i sell all to you ...pls grab ok

11008 posts

Posted by Good123 > Sep 11, 2020 10:42 PM | Report Abuse

Health 17:38, 11-Sep-2020

Hundreds of thousands have been given Chinese COVID-19 vaccines without a single infection


Hundreds of thousands of people have been given two Chinese COVID-19 vaccine candidates as part of an emergency program, without a single case of infection or adverse effects, a senior official of a state-owned vaccine developer has said. 

The two vaccines, developed by China National Biotec Group (CNBG), are expected to enter the market as soon as December, said Zhou Song, the company's general legal counsel.  

They can protect people against the novel coronavirus for one to three years, and two shots will cost less than 1,000 yuan (about 146 U.S. dollars), according to Zhou.

The two vaccines are still undergoing phase three trials for safety and efficacy in several countries, including the United Arab Emirates, Bahrain, Peru, Morocco, Argentina and Jordan. 

The emergency program was launched in late July, which allows "high-risk" groups to be vaccinated, such as medical workers, diplomats and people who worked in foreign countries still struggling with the pandemic. 

(Cover image: A coronavirus vaccine candidate from the China National Biotech Group (CNBG) showcased at the 2020 China International Services Trade Fair in Beijing on September 6, 2020. /VCG)

Bmw X5
7105 posts

Posted by Bmw X5 > Sep 12, 2020 3:03 PM | Report Abuse

Khz selling continues Mon-Fri been down non stop from 0.45 ........will update next Fri ..guarantee down or i quit this forum !!! lolzzzz

11008 posts

Posted by Good123 > Sep 12, 2020 4:04 PM | Report Abuse

khazanah never sell a single share, they who accused khazanah selling the share must be illiterate, buta huruf

11008 posts

Posted by Good123 > Sep 12, 2020 4:05 PM | Report Abuse

khazanah's shareholdings will rise to about 70% next month.

11008 posts

Posted by Good123 > Sep 12, 2020 4:07 PM | Report Abuse

uems is one of best property stocks for medium term investment, owned by the country via khazanah's stake and owns plenty of lands which tend to rise in value over a period of time

Victor Yong
8271 posts

Posted by Victor Yong > Sep 12, 2020 6:35 PM | Report Abuse

Rebound strongly next week probably :)

Date Close Volume
11/09/2020 0.38 7,233,100
10/09/2020 0.37 7,302,100
09/09/2020 0.38 4,663,300
08/09/2020 0.385 3,618,500
07/09/2020 0.39 6,985,500
04/09/2020 0.39 3,959,400
03/09/2020 0.395 5,751,900
02/09/2020 0.40 1,289,500
01/09/2020 0.405 3,506,600
28/08/2020 0.405 2,560,000
27/08/2020 0.405 2,713,500
26/08/2020 0.41 4,179,000
25/08/2020 0.405 2,491,600
24/08/2020 0.405 1,741,500
21/08/2020 0.41 1,823,300
19/08/2020 0.405 1,261,100
18/08/2020 0.405 1,693,600
17/08/2020 0.405 1,969,500

Victor Yong
8271 posts

Posted by Victor Yong > Sep 14, 2020 9:08 AM | Report Abuse

UEM Sunrise saw its high-rise projects in Mont’Kiara that includes Residensi Astrea (between RM1.16mil and RM1.65mil per unit) and Residensi Solaris Parq (between RM873,800 and RM2.9mil per unit) recording RM80mil in sales in the past two months.

For its soon-to-launched high-end condomimium called Allevia, also in Mont’Kiara and costing between RM1.54mil to RM2.5mil per unit, UEM Sunrise received indications of interest from 600 people in just a week.

11008 posts

Posted by Good123 > Sep 14, 2020 11:52 AM | Report Abuse

KUALA LUMPUR: Foreign funds changed course by turning to be net buyers to the tune of RM70.91mil in comparison to net selling the previous week, according to MIDF Research.

“This was the first net inflow of September where the first week of the month saw foreign investors as net sellers at RM589.38mil.

“Combined, for the first two weeks of September, foreign investors were net sellers to the tune of RM518.47mil,” MIDF said in its weekly fund flow report.

The research house noted that retailers are net buyers of RM456.61mil worth of equities last week, with local institutions at -RM527.51mil net during the same period.

MIDF said last week was the 10th consecutive weeks of local retailers as net buyers on Bursa Malaysia to the tune of net RM5.03bil, in comparison of local institutions as net sellers at RM707.40mil and foreign investors at -RM4.02bil since early July.

MIDF said foreign selling happened only on Monday and Tuesday at net outflows of RM72.45mil and RM11.52mil respectively, before buying momentum started on Wednesday.

The largest net inflow was on Thursday at RM94.81mil and the smallest was on Friday at RM1.33mil.

“So far in 2020, foreign investors net selling has amounted to RM20.87bil worth of equities on Bursa. Local players, institutions are net buyers at RM10.88bil and retailers at RM9.61bil,” MIDF said.

“In comparison to the other three south east Asian markets that we tracked last week; Philippines recorded the least foreign net outflow while Indonesia experienced the biggest outflow compared to the others,” it added.

In terms of participation, the retail investors recorded a weekly increase of 21.28% in average daily trade value (ADTV) while the foreign investor experienced the decrease of ADTV of 14%.

11008 posts

Posted by Good123 > Sep 14, 2020 2:27 PM | Report Abuse

mont Kiara is one of the jewels of uems :)

11008 posts

Posted by Good123 > Sep 14, 2020 2:28 PM | Report Abuse

75% of uems lands is in Johor. HSR, etc would boost the value of its lands.

11008 posts

Posted by Good123 > Sep 14, 2020 2:29 PM | Report Abuse

Johor is a good place for Singaporeans to retire, closer to home, cheap, etc.

11008 posts

Posted by Good123 > Sep 14, 2020 3:37 PM | Report Abuse

turned green, uptrend :)

11008 posts

Posted by Good123 > Sep 14, 2020 3:49 PM | Report Abuse

booster soon :)

HSR full speed ahead


Saturday, 29 Aug 2020


11008 posts

Posted by Good123 > Sep 14, 2020 4:15 PM | Report Abuse

UEM Sunrise's Senadi Hills project has received strong response.

KUALA LUMPUR: UEM Sunrise Bhd’s has recorded more than RM400mil in sales and bookings just less than two months after the launch of its “The Happy Chase” campaign.

UEM Sunrise said in a statement on Monday the campaign was its response to enhance the government’s reintroduction of the Home Ownership Campaign (HOC) as part of the “Short-Term Economic Recovery Plan” or Penjana.

“In a significant sales upswing since the beginning of the Recovery MCO, popular projects include Residensi AVA, the eco-living condominium suites, have seen a take-up rate of 55% of the first of two towers, said the company, which is one of Malaysia’s leading property developers.

Residensi AVA forms the first phase of Kiara Bay, the 73-acre flagship waterfront development of UEM Sunrise in Kepong.

UEM Sunrise said Frischia, its double-storey terraced homes in Serene Heights Bangi, and phase 1A of Senadi Hills in Iskandar Puteri recorded a take-up rate of 91% and 80% of since the launch in July.

Its managing director/chief executive officer, Anwar Syahrin Abdul Ajib (pic below) said the company has been persistent in pivoting its strategies to continue building the awareness and interest of its products and the UEM Sunrise brand during the MCO and Conditional MCO period.

“We knew that there was pent-up demand from the buyers and their confidence in our products, that we were able to convert much of this leads and interest to actual bookings – showing that our efforts are paying off, ” he said.

UEM Sunrise said “The Happy Chase” campaign, which is to address concerns faced by house buyers, promises exciting rebates, attractive rewards and easy entry has garnered much interest.

The attractiveness of the campaign include waiver on sales and purchase agreement and loan legal fees; and other rewards including additional rebates and subsidies.

“We want to thank our customers for their continued confidence in UEM Sunrise homes. The support shown by these house buyers have bolstered us here in UEM Sunrise to continue giving ‘soul’ to the homes we build and the environment that we design and construct, ” Anwar said.

He added that this gives UEM Sunrise the momentum to capitalise on the positive trend and continue pushing ahead with its new launches including Allevia, an exclusive high-rise development in the heart of Mont’Kiara; Plot B of Solaris Parq, the office tower component of the 18.76-acre mixed-development masterplan; and Verna, the latest double-storey terraced home offering in Serene Heights Bangi.

‘The Happy Chase’ campaign will continue until May 31,2021 in line with HOC 2020. For details, visit http://thehappychase.uemsunrise.com

11008 posts

Posted by Good123 > Sep 14, 2020 4:16 PM | Report Abuse

(吉隆坡14日讯)消息人士向theedgemarkets.com透露,Tan Sri Zamzamzairani Mohd Isa将接替Datuk Mohaiyani Shamsudin,担任马银行(Malayan Banking Bhd)的主席。

《The Edge Malaysia》周刊上月报道,Zamzamzairani据说是接替Mohaiyani的候选人。后者在执掌3年多后将退休。






“根据多方消息来源,该集团的内部候选人是Dr Hasnita Hashim。她自2016年7月以来担任马银行的独立董事,也是马银行资产管理私人有限公司的主席。”

报道指出:“其他消息人士说,这个职位可能由外部候选人担任。上个月(2020年7月)卸下UEM阳光(UEM Sunrise Bhd)主席职的Zamzamzairani据说是候选人之一。”







English version:Zamzamzairani to be appointed Maybank chairman — sources

Victor Yong
8271 posts

Posted by Victor Yong > Sep 14, 2020 4:51 PM | Report Abuse

:) more n more positive news on the property sector.

SINGAPORE (EDGEPROP) - At least nine in 10 corporate real estate (CRE) leaders in the Asia Pacific are confident that plans to mitigate the impact of Covid-19 will be successful, according to a JLL’s report Optimism in the Face of Crisis. The report is based on the findings of a survey conducted among 200 corporate real estate leaders from the Asia Pacific region.
In their view, working from home will not replace offices. A majority of CRE leaders believe they will maintain or increase total footprint and number of sites in the medium to long term. 76% of them expect moderate or steady rationalisation of real estate portfolios, with those in Australia and Hong Kong focused on steady rationalisation while those in India anticipating massive and accelerated rationalisation.

11008 posts

Posted by Good123 > Sep 14, 2020 9:11 PM | Report Abuse

our turn soon :) Biz Analysis 20:29, 14-Sep-2020

China’s rising new home prices reflect economic recovery: White Peak

By Global Business


China’s new home price rise reflects the country’s economic recovery following challenges earlier in the year due to the novel coronavirus pandemic, said European residential property developer White Peak.

White Peak group CEO and founding partner Jesper Jos Olsson told CGTN in an interview that the latest August home price increase was “very, very healthy.”

“No real surprises, I think a four to five percent increase is very, very healthy, and I think it goes to show that the recovery of the economy is strong since the beginning of the year,” said Olsson.

China’s latest official data shows that new home prices in China rose at a slightly faster monthly pace in August as consumer demand in the housing market shows signs of recovery from the COVID-19 pandemic. On an annual basis, home prices rose 4.8 percent in August, matching July’s pace.

New home prices in China’s top four first-tier cities – Beijing, Shanghai, Guangzhou and Shenzhen – rose by 0.6 percent month-on-month in August, up 0.1 percent from a month earlier, according to data from the National Bureau of Statistics (NBS).

Olsson said his firm expects China to continue on its current growth path for several decades. “Well, I think they (prices) will continue on this path ... China is now only 60 percent urban, so we have many decades of this growth,” said Olsson.

Meanwhile, new home prices in over 30 second-tier cities also saw the same monthly growth rate, while third-tier cities rose at a faster pace of 1 percent. Olsson said, moving forward, the focus of growth would continue to be in the medium and smaller cities. 

“So, if you look at the whole market, basically, the tier-two and three and smaller cities are the largest part of the market, and we have been focusing on those for thirteen years. So, we are very excited at the continuing," he said. 

"This is, obviously, also the stage where most of the urbanization is continuing. So, we are very excited to be in that market."

Olsson also said real estate will remain a major pillar of the Chinese economy, as it has a “very deep supply chain" that creates a lot of jobs and helps urbanization.”

“Urbanization also generates productivity because moving people into cities is, of course, great for productivity. So, it is, of course, an important sector,” he said.

The property market has been a major driver of China’s economic recovery, with home sales and investment growing at a robust pace in recent months after the novel coronavirus lockdowns were lifted. Yet policymakers remain wary of the risks of overheating as they try to support a crucial sector of the economy without stoking excessive speculation.

Since July, many major cities have imposed new restrictions on property transactions to arrest sharp price rises.

 (With input from Reuters)

1089 posts

Posted by linheng > Sep 15, 2020 4:52 AM | Report Abuse

IWCITY already spike up. Will accumulate UEM at this price.
Hopefully mkt will revalue this counter soon

11008 posts

Posted by Good123 > Sep 15, 2020 8:06 AM | Report Abuse

HSBA was neutral on Malaysia since it has not performed as poorly as some eighbours. It was neutral on Malaysia since it has not performed as poorly as some neighbours.

SINGAPORE: Beaten-down equities in Southeast Asia have become irresistibly cheap, according to analysts at HSBC who recommend investing in Indonesia and across the region in a contrarian note on Monday that forecasted the best returns from laggard Singapore.

On a day when social curbs returned to Jakarta, Europe's biggest bank said a combination of recovering growth, low interest rates and strong balance sheets made it the right time to buy stocks in some of the world's worst performing markets.

"At the beginning of pandemic, the visibility of these factors was foggy at best, but we think clarity has emerged now and these factors should be supportive for ASEAN equities," strategists Devendra Joshi and Herald van der Linde said in a note.

"We upgrade Indonesia and Thailand to overweight (and) remain overweight on Singapore," they said, calling out Singapore developer Capitaland and Indonesian conglomerate Astra International among the financial, telecom and consumer firms they also recommend in the region.

The call comes as Southeast Asia's equity markets lag the global recovery amid persistent outflows from foreign investors and with many fund managers feeling it is too soon to return - something HSBC views as a positive.

"As activity picks up and the global recovery continues, we think foreign institutional investor flows should come back and support the market," the analysts said.

Their base case is for a gain of 19% from Sept. 9 index levels in Singapore this year and for gains of 18% in Indonesia and Thailand, with "best case" gains of between 36% and 40%.

They turned cautious on the Philippines where a lack of fiscal spending power could delay recovery and neutral on Malaysia since it has not performed as poorly as some neighbours.

Reuters also reported that Asian bonds recorded a third straight month of net foreign inflows in July, but buying slowed due to an escalation in Sino-U.S. tensions and the worsening pandemic situation in some areas.

Foreigners purchased a net $489 million worth of Asian government and corporate local currency bonds last month compared with $3.97 billion in July, data from regional banks and bond market associations in Indonesia, Malaysia, Thailand, South Korea and India showed.

Khoon Goh, head of Asia Research at ANZ, said the slowdown was due to worsening U.S.-China tensions, with the U.S. imposing technology sanctions on Chinese telecommunications giant Huawei.

But he remained constructive on portfolio flows in the near-term.

"True, the overall growth outturn over Q2 was worse than expected. But investors’ focus has shifted to the pace of recovery now," he said.

In August, South Korean bonds received a net $839 million of foreign money, which was the eight successive monthly inflow this year, while Malaysian bonds attracted a net $715 million.

On the other hand, foreigners sold a net $264 million worth of Indonesian bonds, on worries over its fiscal deficit and ailing economy.

This month, Indonesian bonds have fallen further on concerns about new lockdown measures and a parliamentary panel's recommendations for changes to the central bank law, which could reduce the central bank's independence.

At the end of August, foreign holdings in Indonesia's local currency government debt were down to 28.24%, the lowest since August 2010.

Overseas investors also sold a net $449 million in Indian bonds, which was the sixth successive month of net sales this year.

The world's second-most populous country lags only the United States globally in overall number of infections, but it has been reporting more daily cases than the United States since mid-August.

Thai bonds also witnessed a net $351 million worth of foreign outflows last month.

11008 posts

Posted by Good123 > Sep 15, 2020 8:31 AM | Report Abuse

The Dow Jones Industrial Average rose 327.69 points, or 1.18%, to 27,993.33, the S

11008 posts

Posted by Good123 > Sep 15, 2020 8:57 AM | Report Abuse

above 40sen anytime from now :)

11008 posts

Posted by Good123 > Sep 15, 2020 8:58 AM | Report Abuse

grab from impatient traders/retailers

11008 posts

Posted by Good123 > Sep 15, 2020 10:44 AM | Report Abuse

better late than never. rebounding

11008 posts

Posted by Good123 > Sep 15, 2020 10:50 AM | Report Abuse

after Boustead, uems goes for similar route?

11008 posts

Posted by Good123 > Sep 15, 2020 10:51 AM | Report Abuse

would uems accelerate like Boustead if similar proposal is announced?

Victor Yong
8271 posts

Posted by Victor Yong > Sep 15, 2020 3:19 PM | Report Abuse

good. 38.5sen to be cleared. OTW to 40sen and above. :)

Victor Yong
8271 posts

Posted by Victor Yong > Sep 15, 2020 3:20 PM | Report Abuse

TP to touch 50sen as the first step :)

Date Open Price Target Price Upside/Downside Price Call Source News
25/08/2020 0.405 0.55 +0.145 (35.80%) HOLD PUBLIC BANK Price Target News
25/08/2020 0.405 0.54 +0.135 (33.33%) BUY MIDF Price Target News
25/08/2020 0.405 0.555 +0.15 (37.04%) BUY KENANGA

11008 posts

Posted by Good123 > Sep 15, 2020 4:44 PM | Report Abuse

malton rose to 58sen. uems should follow next :)

11008 posts

Posted by Good123 > Sep 15, 2020 4:47 PM | Report Abuse

khazanah should spin off some of uems assets as uems reits :)

11008 posts

Posted by Good123 > Sep 15, 2020 8:53 PM | Report Abuse

Thursday , dijangka pecahkan paras harga 40sen :)

11008 posts

Posted by Good123 > Sep 15, 2020 9:47 PM | Report Abuse

spin off some properties as REITs. high valuation. 

KUALA LUMPUR (Reuters) - Iskandar Waterfront Holdings (IWH) is planning to list in the first half of 2021 to raise at least RM5bil after getting the go-ahead to start work on a mega project, its executive vice chairman said.

A RM1.24bil deposit and advance payment completed on Tuesday fulfilled its initial contractual obligations to the government to allow the group and its partner China Railway Engineering Corp (CREC) to start work on Bandar Malaysia.

The mega-project on the fringe of Kuala Lumpur city centre was initially announced in 2011, scrapped in 2017 and reinstated in April this year.

IWH's IPO plan has been contingent on the multi-billion city development project progressing, and after scrapping plans for a backdoor listing in 2017, it revived a plan to list on its own last year.

Executive Vice Chairman Lim Kang Hoo said in an interview that infrastructure construction and earthworks are planned for early next year.

IWH intends to submit its IPO application by the end of this year, and is targeting long-term institutional investors like pension funds, Lim said.

He said IWH is valued at RM20bil, based on valuations of more than 4,000 acres of land it owns in the south of the Malaysian peninsular.

Plans are to raise a minimum 25% of that value in the listing.

"This is a fully asset-backed IPO. Buying one share is like buying one square foot of the land," he said.

Lim said RM3.7bil of the proceeds will be used to clear debt incurred from acquiring 60% of the Bandar Malaysia project alongside CREC from the Ministry of Finance.

The project is suppose to serve as the terminus for a planned Kuala Lumpur-Singapore high-speed rail link.

The company also plans to expand to other parts of Malaysia and in Southeast Asia.

IWH has appointed CIMB to lead its listing, while ICBC, Bank of China and CITIC are bookrunners, Lim said.

(Reporting by Liz Lee; Editing by Jan Harvey)

11008 posts

Posted by Good123 > Sep 16, 2020 12:35 AM | Report Abuse

China 20:21, 15-Sep-2020

China's COVID-19 vaccine could be ready for public in November: expert

Updated 20:45, 15-Sep-2020



Wu Guizhen, the chief biosecurity expert from China's Center for Disease Control and Prevention (CDC), said on Monday that ordinary Chinese residents could start receiving COVID-19 vaccines as early as November, adding that the current Phase III clinical trials have been going smoothly.

China has been leading the world in research and development of a vaccine against COVID-19. Nine vaccines have entered Phase III of clinical trials around the world, and five of them are being developed by China, according to Wu.

Wu said that the novel coronavirus is a high-risk virus and needs to be produced in a negative pressure environment. Experts from the health commission departments are now intensively reviewing production workshops. Two have passed examination and approval, and a third is being evaluated.

More than 30 novel coronavirus vaccines worldwide have entered the clinical trial stage, nine of which have entered the Phase III clinical trial stage.

11008 posts

Posted by Good123 > Sep 16, 2020 11:22 AM | Report Abuse

SHANGHAI/NEW YORK: Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data, but the dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.

Following robust industrial output and retail sales data from China and higher U.S. factory production investors are focusing on the Fed's policy statement due Wednesday, the first since Chair Jerome Powell announced an increased tolerance for higher inflation.

"The risk is if we see no new developments since his Jackson Hole shoutout, this could have near-term pressure on yields ticking up, gold and precious metals complex lower, dollar higher and general risk-off in U.S. equities," said Kay Van-Petersen, global macro strategist at Saxo Capital Markets.

"If we do get a surprise on the accommodative side - we've gotten this a few times from smooth Jay (Powell) - then we could get the inverse of all that, including the next big structural break higher in gold."

The Fed is due to announce its decision at 1800 GMT Wednesday, followed by a news conference from Powell.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5% higher. Australian shares gained 0.74% and Taiwan's tech-heavy board added 1.16%.

However, Chinese blue-chips pulled back 0.1% as investors booked profits after three days of gains.

Investors also await Japan's parliamentary approval of Yoshihide Suga as the country's next prime minister on Wednesday. Suga will then form a new cabinet.

Japan's Nikkei erased early losses and was last up 0.14%.

The Fed meeting comes as U.S. lawmakers remain at an impasse over a new stimulus package amid lingering concerns about the recovery of the world's largest economy from the coronavirus pandemic.

"There is some expectation that with the U.S. Congress unwilling/unable to agree to a new fiscal package, monetary policy may need to step in to fill the void," NAB analyst Tapas Strickland said in a note. "Accordingly markets will be focused on any changes to forward guidance and to any balance sheet adjustments."

The Bank of Japan and the Bank of England announce their respective policy decisions on Thursday.

E-mini futures for the S

11008 posts

Posted by Good123 > Sep 16, 2020 11:24 AM | Report Abuse

Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month

SINGAPORE: Singapore home sales surged to an 11-month high in August, buoyed by demand from locals who are betting that prices will rebound as soon as next year.

The number of new units sold rose 16% to 1,256 last month from 1,080 in July, according to Urban Redevelopment Authority data released yesterday.

That’s the most since September last year and up from a near six-year low in April during the height of the lockdown.

Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month.

Singapore forecast its worst recession on record in August, with the government estimating the economy could shrink between 5% and 7% this year.

People who are buying now are betting that the economy will rebound.

Prices could increase once the economy starts to recover next year, said Nicholas Mak, head of research and consultancy at APAC Realty Ltd. unit ERA.

Singapore’s gross domestic product could expand by 7% next year, according to an August report by the Asean 3 Macroeconomic Research Office.

More than 80% of the buyers are locals, many of whom are upgrading from public housing to private units or investing.

“It’s definitely a positive sign. Buyers could be sending a signal that the worst could be behind us, ” Mak said. — Bloomberg

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