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PETALING JAYA: Earnings of local construction companies should start to pick up from the middle of the third quarter onwards as mega projects resume.
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects contractors’ earnings to pick up gradually from mid-3Q20 onwards from the low base in 1H20 following the prolonged Movement Control Order (MCO) which began on March 18.
KUALA LUMPUR: Kenanga Investment Bank Research is retaining its outperform on Gamuda Bhd with an unchanged target price of RM4.10, after its subsidiary was officially appointed to oversee the Penang Transport Master Plan (PTMP).
KUALA LUMPUR: Kenanga Investment Bank Research is retaining its outperform on Gamuda Bhd with an unchanged target price of RM4.10 after its subsidiary was officially appointed to oversee the Penang Transport Master Plan (PTMP).
KUALA LUMPUR: JF Apex Research expects My E.G. Services Bhd (MyEG), WZ Satu Bhd, Prestar Resources Bhd, Gamuda Bhd, Solarvest Holdings Bhd, GFM Services Bhd and Boustead Heavy Industries Corporation Bhd (BHIC) to be among the stocks to watch on Thursday.
KUALA LUMPUR: Gamuda Bhd’s subsidiary has signed the master agreement with the Penang Government to be the project delivery partner (PDP) for the Penang transport master plan.
PETALING JAYA: The possibility of favourable developments for the KL-Singapore High Speed Rail (HSR) project as the end-May review deadline nears will bode well for the construction industry.
THE East Coast Rail Link (ECRL) and the Mass Rapid Transit 2 (MRT2) projects will proceed. But worries that some mega infrastructure projects could be reviewed or delayed, given the government’s stretched finances, have cast uncertainty over the construction sector.
KUALA LUMPUR: Gamuda Bhd posted a higher net profit in the three-month ended Jan 31 on improved contribution from its construction division, but its next quarter outlook is less certain.
KUALA LUMPUR: Overall construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP Line) is now more than 70% completed as it achieved a major milestone with an underpass tunnel below the Kuala Lumpur-Seremban Expressway near Sungai Besi.