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SUNWAY BHD: MAYBANK Investment Bank Research (Maybank IB) is positive on Sunway’s latest land purchases in Kajang and Subang for their strategic locations.
KUALA LUMPUR: Funding for the One Belt One Road (OBOR) initiative, China’s game-changing development plan to link the country with the African, Asian and European continents, has gained some traction with accumulated pledges of about US$240bil to date.
KUALA LUMPUR: MMC Corp Bhd is working with a Japanese consortium to provide mechanical and engineering solutions for the high-speed rail (HSR) project that the group is bidding for, said its group managing director Datuk Seri Che Khalib Mohamad Noh.
KUALA LUMPUR: MMC Corp Bhd’s order book remains robust at RM15bil, enough to keep it busy for the next five years.
EVER since China rolled out its Belt and Road initiative, many countries have received billions of dollars towards infrastructure development to boost trade and investment along the old Silk Road that connects China and many other countries.
PETALING JAYA: Maybank Investment Bank (IB) Research, which is maintaining a “positive” call on the construction sector, expects more construction jobs in the second half of 2017 and into next year
KUALA LUMPUR: AmInvestment Research likes IJM Corporation as it is a good proxy to the booming local construction sector due to its involvement in key infrastructure projects such as the West Coast Expressway, MRT2 and Kuantan Port Deepwater Terminal.
KUALA LUMPUR: CIMB Equities Research is overweight on the construction sector and picks Gamuda as a major proxy for new rail contracts for rail contract in the secone half of 2017 with potentially RM10bil worth of job wins per annum over the next three years.