OSK believe the biggest gainers from the current upcycle are the mid- to high-end developers, particularly those with focus in developing landed properties and also have significant exposure in high growth areas.
As such, OSK top buys for the sector are UEM Land and SP Setia for mid- to large-cap property companies while Plenitude is top pick for small cap companies.
For the mid- to high-end residential properties, OSK top buys include BRDB and HunzaProp.
Below are the target prices and ratings for selected property stock.
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Eversendai Corporation Bhd, a leading steel contractor and fabricator, is schedule to be listed in Main Market on 1st July 2011.
The Initial Public Offering (IPO) consists of 232.2 million ordinary shares at an IPO price of RM1.70 per share at RM0.50 par value. However, the final retail price will be equal to the 95% of the institutional price.
Out of 232.2 million shares, 202.0 million shares are offered to Malaysian and foreign institutional and selected investors and a retail offering of 30.2 million shares to the Malaysian public and employees of Eversendai Corporation Berhad.
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MSM Malaysia Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 28.1 million shares. It was oversubscribed by 34.28 times. The IPO attract 50,496 applications or 496.1 million shares.
The institutional IPO prices was fixed at RM3.50 per share. Accordingly, the final retail price was fixed at RM3.38 per shares, represent 3 percent discount to the institutional price.
7.5 million shares were allocated for Bumiputera category while 7.5 million shares were allocated for Malaysian Public category. Below are the allotment summary for public portion.
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Amanah Saham Nasional Bhd (ASNB) announced dividend of 6.50 sen per unit for Amanah Saham Didik (ASD) for the financial year ending 30th June 2011. The payout for 2010 was 6.35 sen per unit. Browse “Historical Amanah Saham Didik (ASD) Dividend Rate” for previous dividend rate since 2001.
The dividend would involve a total payment of RM256.73 million, an increase of 25.19 per cent compare to last year. It will benefit a total of 344,655 unitholders who collectively owned 3.99 billion units of the ASD.
As of 9th June 2011, ASD has recorded a gross income of RM332.94 million. Profit from the sale of shares contributed RM180.23 million or 54.13 per cent and dividend income from investee companies contributed RM113.63 million or 34.13 per cent.
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The Global Peace Index (GPI) is a measure of relative position of nations and regions peacefulness. It was developed by Institute for Economics and Peace (IEP) and it was first launched in May 2007.
For 2011 index, it was released on 25th May 2011. The index based on 23 indicators and divided into three broad categories as below
- Ongoing domestic and international conflict
- Safety and security in society
- Militarisation
In 2011, Malaysia ranked 19th out of 153 countries in the world, up 3 position from 22 in 2010. In the same year, Malaysia also ranked 4th in Asia Pacific behind New Zealand, Japan and Australia.
The table below is full list 2011 Global Peace Index.
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