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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.
THE largest shareholder of Mudajaya Group Bhd, and the reason behind the surge in its share price of late, is in the midst of reviewing the group’s plans and its direction for the future.
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) reported a steep drop in third quarter earnings on lower contributions from its property and construction businesses.
KUALA LUMPUR: Affin Hwang Capital Research remains Overweight on construction and its top buys are AQRS, Gamuda, Sunway Construction and Pintaras.
Stock Analysis: PETRONAS CHEMICALS GROUP BHD, AXIATA GROUP BHD, AXIATA GROUP BHD, GABUNGAN AQRS BHD, GAS MALAYSIA BHD
KUALA LUMPUR: AmInvestment Bank Research expects Sunway Construction Bhd’s (SunCon) results for the nine months of financial year 2019 (FY19) to fall short of market estimates due to the slow progress in the Light Rail Transit 3 (LRT3) project.
KUALA LUMPUR: AmInvestment Bank research expects Sunway Construction Bhd's 9MFY19 results to fall short of market estimates due to the slow progress in the Light Rail Transit 3 (LRT3) project.
AFTER several months of uncertainty, the government’s plan to acquire Gamuda Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak) toll highways finally got the nod from the Cabinet - removing a big hurdle.
WITH more flashing signs of less propitious global economic backdrop and the risk of a global recession is “high and rising” going into 2020, Malaysia’s real GDP growth is likely to decelerate to 4.5% in 2020 from an estimated 4.7% in 2019.