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| Gamuda fair value reduced, stock slides Posted: 11 Sep 2011 06:50 PM PDT [unable to retrieve full-text content]Gamuda Bhd, a builder and property group, slid 1 per cent to RM3 in Kuala Lumpur trading at 9.25 am after its fair value was reduced to RM4.10 from RM4.45 at Malayan Banking Bhd. -- Bloomberg |
| IJM Land leads property stocks lower Posted: 11 Sep 2011 06:32 PM PDT IJM Land Bhd fell to a one-year low, leading Malaysian property developers lower after the industry was cut to "market weight" from "overweight at UOB- Kay Hian Holdings Ltd, which said the property valuation cycle has peaked. IJM Land slid 2.1 percent to RM2.29 at 9:20 a.m. local time, set for its lowest close since Sept. 13, 2010. UOA Development Bhd lost 1.3 percent to RM1.49 and Mah Sing Group Bhd dropped 0.9 percent to RM2.20. -- Bloomberg |
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