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Clinching projects in a downcycle augurs well for firm
KUALA LUMPUR: Mah Sing Group Bhd is optimistic of achieving its sales target of RM1.6bil for this year despite the current challenging market environment.
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) will emphasise on preserving liquidity and safeguard its present operations and business prospects as it expects the Covid-19 pandemic to impact its financial performance this year.
PETALING JAYA: Advancecon Holdings Bhd is tendering for RM1.5bil worth of contracts, including earthworks and civil engineering works for the East Coast Rail Link (ECRL), various road works in Sarawak and residential townships in Peninsular Malaysia.
PETALING JAYA: Gamuda Bhd, which has been ramping up its operations since the start of the conditional movement control order (MCO) in May, expects its outlook to remain resilient on the back of its construction order book of RM7bil and unbilled property sales of RM3bil.
KUALA LUMPUR: Naza Italia, the official importer and distributor of Ferrari in Malaysia, has launched the highly anticipated Roma grand tourer (GT) in the country.
PETALING JAYA: Muhibbah Engineering (M) Bhd’s earnings for the first quarter of financial year 2020 were below analysts’ expectations as net profit plunged 85% year-on-year (y-o-y) to RM5.1mil.
PETALING JAYA: Engtex Bhd has an order book of over RM150mil that provides earnings visibility for the next two financial years.
Hypothetical risks that investors brush aside are becoming a reality
KUALA LUMPUR: Electronics manufacturing services (EMS) provider V.S. Industry Bhd posted net losses of RM19.52mil in the third quarter ended April 30,2020 due to the impact of the movement control order (MCO) but it expects an improvement in the current quarter.