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Bookings open for new variants of Toyota Innova, Fortuner and Hilux

KUALA LUMPUR: The new variants of the Toyota Innova, Fortuner and the upgraded Toyota Hilux are now open for booking as at Friday, says UMW Toyota Motor Sdn Bhd.

Analyst Reports

Affin Hwang maintains hold on Gamuda amid order book challenge

KUALA LUMPUR: Affin Hwang Capital Research said Gamuda Bhd will face challenges to replenish its order book following the cancellation of the Kuala Lumpur-Singapore High Speed Rail and Klang Valley MRT Line 3 projects.

Business

Analyst Reports

Gamuda Bhd, MISC Bhd, Axis Real Estate Investment Trust and construction sector.

Business

C&C 'hold', MAHB 'hold', Gamuda 'buy', Lafarge hold'

CYCLE & Carriage Bintang Bhd (CCB) reported a weak set of results recently. Affin Hwang Capital said CCB’s overall results were below its expectations due to the weaker than expected earnings before interest, tax, depreciation and amortization (ebitda) margin

Business

Penang gears up to solve traffic woes

Detailed designs on first phase of transport masterplan likely to start in first half 2019, and call for work packages’ tenders in second half

Business

Telecom sector 'neutral', Construction 'neutral', Serba Dinamik 'outperform'

CGS CIMB stays “neutral” on the telecom sector. It noted that during the June to August 2018 quarter, postpaid market activities were largely quiet. U-Mobile (UM) raised its brand’s visibility with a new RM50 per month unlimited plan.

Analyst Reports

Affin Hwang remains cautious on construction sector amid challenging outlook

KUALA LUMPUR: The outlook for the construction sector remains challenging as the federal government is reviewing ongoing infrastructure projects to reduce costs by 20-30%.

Business

CIMB Research keeps reduce call for Gamuda, TP RM2.18 on MRT 2

KUALA LUMPUR: CIMB Equities Research retains its reduce call for Gamuda Bhd with a lower target (TP) price of RM2.18 compared with its last traded price of RM2.38.

Business

Malaysian, Chinese firms Interest in Penang airport expansion

GEORGE TOWN: At least six companies, including two from China, are said to be interested to be part of the expansion of the RM1.2bil Penang International Airport (PIA).

Business

Penang LRT project to start next year

KUALA LUMPUR: Construction of the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project, part of Penang's multi-billion ringgit Transport Master Plan (PTMP), is expected to begin next year.