More in the media recently at...

More in the media recently at http://www.btimes.com.my/articles/20130402094720/Article/ RHB raises UOA Development target price RHB Research raised its target price on the shares of UOA Development Bhd to RM2.60 from RM2.21 as it expects the company to benefit from stronger property sales and land acquisitions this year. RHB said it expects UOA’s 2013 sales to improve to RM2 billion from RM1.7 billion last year as the company’s brand image, pricing, locations and marketing would drive take-up rates. In a report published on Tuesday, RHB also said new land buys could add up to RM2 billion in gross development value to UOA’s portfolio. "Their solid cash position will come in handy. We understand that UOA has been busy replenishing its landbank, with key focus within the Klang Valley area," the brokerage added. It maintained a 'buy' call for the stock, which was also named the top sector pick along with Sunway Bhd and IJM Land Bhd. Shares of UOA rose 0.5 per cent to RM2.03 as of 9.19 am, compared to the benchmark index which gained 0.13 per cent.-- Reuters