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Top 40 Richest Malaysians: Part 6

GOH is the major shareholder of Silverlake Axis and together with his team, the company has carved out its presence in the banking sector.

Short Position

Business news in brief.

Trading ideas: Econpile, Sunway Construction, KKB engineering, LFE

KUALA LUMPUR: Econpile Holdings Bhd, Sunway Construction Bhd, KKB Engineering Bhd and LFE Corp Bhd are among the stocks to watch on Thursday, according to JF Apex Research.

Construction outlook seen challenging

PETALING JAYA: The competition for construction project tenders is set to intensify following recent cancellations and postponements of mega projects in the country.

Trading ideas: Vertice, N2N Connect, Rex Industry, RHB Bank

KUALA LUMPUR: JF Apex Research expects Vertice Bhd, N2N Connect Bhd, Rex Industry Bhd and RHB Bank Bhd to be among the stocks to watch on Thursday.

Vertice wins RM100mil LRT3 contract

PETALING JAYA: Construction firm Vertice Bhd’s wholly owned subsidiary has won a RM100mil job related to the construction of the light rail transit 3 (LRT3) project.

WCT property outlook seen challenging

PETALING JAYA: WCT Holdings Bhd’s property sales are set to remain challenging this year as the market remains soft with a lack of new launches, analysts said.

Gabungan AQRS profits fall 68% in Q4

PETALING JAYA: Gabungan AQRS Bhd posted a 68.4% decline in net profit to RM10.95mil in the fourth quarter ended Dec 31, 2018 from RM34.63mil a year earlier.

Mudajaya plunges deeper into the red in FY18 as losses in India rises

KUALA LUMPUR: Construction and engineering firm Mudajaya Group Bhd took a big hit in the fourth quarter ended Dec 31 on rising share of losses in an independent power producer (IPP) in India.

Lim: Reduced cost of LRT3 project will mean lower fares

KUALA LUMPUR: The reduced construction cost of the LRT3 project linking Bandar Utama to Johan Setia in Klang will ensure cheaper fares once it is completed in 2024.