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Gadang proposes private placement to raise RM62mil

PETALING JAYA: Gadang Holdings Bhd has proposed to undertake a private placement of new ordinary shares to raise up to RM62.12mil for construction project expenditure and the repayment of bank borrowings.

SunCon's job replenishment on a positive trend

KUALA LUMPUR: Sunway Construction Bhd's job replenishment has been positive so far this year with the latest two contracts bringing the tally to RM867.7mil.

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.

CIMB Research cautious on construction after MRT 2 review

KUALA LUMPUR: CIMB Equities Research is retaining its underweight recommendation on the construction sector on news the Ministry of Finance would terminate MRT 2’s underground contract, replacing it with an international tender.

Pestech moves higher on Gemas-JB double track project win

KUALA LUMPUR: Pestech International Bhd is seeing positive price action, rising as much as 10 sen or 6.9% to RM1.55 in early morning trade.

MRT Sg Buloh line 30% done

PETALING JAYA: The MRT Sungai Buloh-Serdang-Putrajaya (SSP) line was close to 30% complete as at early July and is on schedule to move on to its next phase of construction, says Mass Rapid Transit Corp Sdn Bhd (MRT Corp)

CIMB Research retains overweight on construction sector

KUALA LUMPUR: CIMB Equities Research is retaining its overweight recommendation for the construction sector and its add calls for Gamuda, MRCB and YTL Corp following the latest newsflow for the KL-Singapore High Speed Rail (HSR).

Appetite risk falling as GE14 looms

KUALA LUMPUR: Maybank Investment Bank Research sees appetite for risk falling as GE14 looms following the selloff on Bursa Malaysia on Wednesday.

Gamuda-MRCB consortium accepts LoA for KL-S'pore HSR project

PETALING JAYA: The consortium of Gamuda Bhd and Malaysian Resources Corp Bhd (MRCB) has accepted a letter of appointment (LoA) from MyHSR Corp Sdn Bhd to be the project delivery partner (PDP) for the northern section of the Kuala Lumpur-Singapore high-speed rail project.