Rowsley

Rowsley: Peter Lim's Rowsley just coming into play with a sudden tick up in volumes in the past hour, taking share price to $0.31 (+5.1%). A repost of a article dated 12 Dec on the development of the Iskandar region: PM Najib Razak assured investors that a lot more will be done to enhance Iskandar’s attractiveness as a prime business and tourism destination, as well as to help the region achieve its 2025 target of having 3m people, 1.46m jobs, cumulative investments of RM383b over 20 years and a GDP of US$93.3b. As Iskandar draws more investments and generates higher economic activity, this may boost property prices in the zone. SGX-listed Rowsley, which is developing the Vantage Bay mega integrated project in Johor Baru, is well-positioned to benefit from Iskandar’s expected rapid growth. The S’pore developer plans to launch the first phase of its residential units by early 2014. Other listed plays with potential Iskandar exposure include Albedo and Jubilee Industries. Both companies are currently in the midst of their respective reverse takeovers (RTO), aimed at transforming them into developers with projects focused on the Iskandar region.