I was the one who gave you the link to this thread haha

A student will need to use many different types of programs depending on your course i.e. Engingeering and Bioinformatic courses will require more CPU or GPU power
Can conisder these:

Relatively weaker, but slimmer and lighter laptops:
14:
Dell
[Ultrabook]Inspiron 14z, i3-3217U + AMD HD7570M + 32GB mSATA + 500GB(5400rpm)@RM2099[1.87kg], 4GB, W7HB, *no VGA port, OD
[Ultrabook]Inspiron 14z, i5-3317U + AMD HD7570M + 32GB SSD + 500GB(5400rpm)@RM2599[1.87kg], 4GB, 500GB(5400rpm) *no VGA port, OD
HP [Ultrabook] Envy 4-Ultrabook 4-1035TU, i3-2377M + Intel HD3000 + [32GB mSATA+ 500GB HDD(5400rpm)]@RM2159, 4GB, 500GB(5400rpm), W7HP
Lenovo [Ultrabook]S400, i5-3317U + Intel HD4000 + 24GB mSATA + 500GB(5400rpm)@2099[1.8kg], 4GB, W7HB
performance laptops:
14":
Asus A45Vm-VX113v, i5-3210M + Nvidia GT630M (2GB)@RM2099[2.4kg], 2GB, 500GB(5400rpm), W7HP
Dell Inspiron 14R (Special Edition), i5-3210M + Nvidia GT640M(28nm Kepler)@RM2049[2.38kg], 4GB, 500GB(7200rpm); backlit keyboard optional *price promotion until 27/09/2012
HP Pavilion G4-2132/2133TX, i5-3210M + AMD HD7670M@RM1899[2.19kg], 2GB ,500GB(7200rpm), W7HB, colors: white/black
Lenovo Z480, i5-3210M + Nvidia GT630M@RM1999, 2GB, 500GB(5400rpm), W7HP, colors: grey/red/blue
Lenovo Z480, i5-3210M + Nvidia GT640M@RM2299, 4GB, 1TB(5400rpm) W7HB, colors: grey/red/blue

Like I said, it depends on whether you need a performance laptop (usually for engineering, architect and bioinformatic students), or just a normal ultrabook (student who only do office work and powerpoints etc.), the info you provide is not very clear

The M840 runs on a quad core i7 processor, which is way overkilled for your usage, and its out of your budget as well..
The Envy 4 is an ultrabook instead, which is of a different category- ultrabooks are basically laptops that are made with slimness and lightness in mind, at the expense of performance, so the processors inside are weaker, even if its an i3, i5 or i7.

Ivy Bridge is the codename for Intel's current range of processors.
The Envy 4 is running on an earlier version, termed Sandy Bridge...

Pharmacy students that work on protein folding stuffs may need a powerful laptop as well... but I guess for most a normal ultrabook would do
Having a faster CPU doesn't mean your laptop will be fast since the speed is bottlenecked by the HDD...

And I doubt the M840 (i5, if there is one) is similarly priced as the HP 1035TU
Are you sure its an M840 and not L840? 

Anyway, my recommendations remain the same as previously stated.
If you really want a HP laptop, then perhaps you can consider these:
14"
performance:
HP Pavilion Dm4-3105TX, i5-3210M + AMD HD7570M@RM2699[Beats], 4GB, 750GB(5400rpm), backlit keyboard

ultrabook:
HP [Ultrabook] Envy4-1043TX/1053TX, i5-3317U + AMD HD7670M + [32GB mSATA + 500GB(5400rpm)]@RM2599[Beats][1.75kg], 4GB, W7HP

I think you got the wrong information...
I don't think there is an M840 at RM2000...
You must be referring to the L840 which costs around RM2000... please be careful and research properly to avoid being conned

Source: http://www.ncs.com.my/index.php?categoryID=177&offset=8