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SHAH ALAM: Gamuda Bhd intends to grow overseas contribution to its construction business to 50% within the next three years from 20% currently, underpinned by projects in Australia, Taiwan and Singapore.
KUALA LUMPUR: JF Apex Research expects IGB Bhd, Scomi Group Bhd, Destini Bhd, Parkson Holdings Bhd, Edaran Bhd and Iskandar Waterfront City Bhd (IWC) to be among the stocks to watch on Wednesday.
PETALING JAYA: Iskandar Waterfront Holdings Sdn Bhd (IWH), a company that will partly fund the billion-ringgit Bandar Malaysia project, is said to be revisiting its proposal for an initial public offering by next year.
KUALA LUMPUR: Mudajaya Group Bhd returned to the black with net profit of RM812,000 in the third quarter ended Sept 30,2019 after posting net losses of RM49.60mil a year ago while it was positive for the construction sector.
KUALA LUMPUR: Ekovest Bhd, the builder controlled by Tan Sri Lim Kang Hoo, has team up with a unit of China Railway Group Ltd (CREC) to bid for new projects after the company posted a 44% jump in quarterly net profit.
KUALA LUMPUR: Iskandar Waterfront Holdings Sdn Bhd (IWH) has signed a RM371mil facility agreement with CIMB Bank Bhd for its participation in the Bandar Malaysia project.
KUALA LUMPUR: Iskandar Waterfront Holdings Sdn Bhd (IWH) has signed a RM371mil facility agreement with CIMB Bank Bhd for its participation in the Bandar Malaysia project
PETALING JAYA: Ekovest Bhd has entered into two land deals to acquire 20 parcels of freehold development land in Johor Baru for a total of RM1.05bil to expand its land bank and increase its presence in Iskandar Malaysia.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its rating of AA-IS on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64bil Sukuk Wakalah. The rating outlook remains negative.
KUALA LUMPUR: AmInvestment Research is maintaining its Underweight call, forecasts and fair value of 34 sen for Econpile based on eight times fully diluted CY20F EPS of 4.25 sen.