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KUALA LUMPUR: George Kent (M) Bhd has commenced an arbitration proceeding against its joint venture partner Malaysian Resources Corp Bhd (MRCB) over a dispute relating to securing of funds for the Light Rail Transit line 3 (LRT 3) project.
KUALA LUMPUR: Kenanga research remains positive over George Kent (M) Bhd's prospects as the group is finalising its design for the LRT3 by year-end and will resume work in full swing by early 2020.
PETALING JAYA: While things may be slower on the homefront, Sunway Construction Group Bhd (SunCon) is banking on more jobs from overseas such as in Myanmar where it recently formed a joint venture with Capital Construction Ltd.
PETALING JAYA: EITA Resources Bhd’s near-term earnings will not be affected despite a 65% slash in value to its light rail transit 3 (LRT3) contract.
Trading ideas: Amcorp Properties, Eita Resources, MRCB-QUill REIT, Bina Puri, Bioalpha, Pestech International and PRG Holdings
KUALA LUMPUR: Stocks to watch for in Thursday trading according to JF Apex research include Amcorp Properties, Eita Resources, MRCB-QUill REIT, Bina Puri, Bioalpha, Pestech International and PRG Holdings.
PETALING JAYA: EITA Resources Bhd has suffered a blow after its total contract value for the light rail transit 3 (LRT3) project has been slashed by nearly RM128mil as a result of the government’s decision to scale down the overall cost of the rail project.
KUALA LUMPUR: EITA Resources says the contract value has been revised to RM67.45mil from RM195mil.
PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) RM150mil,chilled water supply contract is expected to bode well for the company’s long-term earnings.
PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), which has been through difficulties with its third light-rail transit (LRT 3) project and the overall slowdown in the property and construction sectors, is expecting to see its financial performance rebound next year.