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PETALING JAYA: Electricity distribution product manufacturer Powerwell Holdings Bhd ended its debut day on the Ace Market with a 14% increase to 28.5 sen, from its initial public offering (IPO) price of 25 sen per share.
PETALING JAYA: The Malaysian economy is expected to have an upbeat outlook this year after the Purchasing Managers' Index (PMI) hit 50.0 points in December, the highest in 15 months, says Lim Guan Eng.
PETALING JAYA: The construction sector should see an uptick in tender news flow during the first half of 2020, which could cast some light on the current mundane scenario in the construction sector
PETALING JAYA: The prospects for companies involved in the construction industry appear to be unexciting as the country steps into 2020.
KUALA LUMPUR: Kenanga Investment Bank Research is maintaining an Outperform for Pestech International with a target price of RM1.75.
Rubbish collection, traffic issues and haze kept MPK busy.
KUALA LUMPUR: Pestech International Bhd could benefit from the revivial of domestic mega projects and the fast-growing energry infrastructure development market in Cambodia, says Kenanga research.
PETALING JAYA: The slow construction work progress of the RM11.4bil LRT3 project, which George Kent (M) Bhd has a 50% stake in, could take a toll on the group’s earnings performance.
PETALING JAYA: Crest Builder Holdings Bhd’s wholly owned subsidiary, CB Land Sdn Bhd, has inked a sale and purchase agreement (SPA) with Gemilang Waras Sdn Bhd, a subsidiary of WCT Land Sdn Bhd, to acquire a plot of freehold land in Klang for RM55mil.
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.