AmInvestment: Crest Builder to remain profitable

Crest Builder is planning a mixed commercial development called Latitud8, which is a joint-venture project with Prasarana Malaysia. Building on top of the Dang Wangi LRT station, the project has a gross development value (GDV) of about RM1.1bil and is scheduled to be launched by the end of 2020. (Pic shows an artist's impression of The Bank, Crest Builder's 43-storey project atop the Dang Wangi LRT station)

PETALING JAYA: Construction companies may need to step up after the movement control order (MCO) is lifted to clear the backlog in jobs that they were unable to undertake during that period.

Crest Builder Holdings Bhd’s management told AmInvestment Bank that its “construction projects were 10%-15% ahead of schedule in average prior to the MCO, but post-MCO, construction jobs will need to increase their work shifts to clear backlogged work”.