Sunway Construction tests new all-time highs after beating estimates

Sunway Construction tests new all-time highs after beating estimates

news

Updated:
  • Sunway Construction Group Bhd's stock hit record highs after exceeding earnings expectations.
  • Analysts raised forecasts, with a target price of RM6.95, as the company aims for RM6 billion in new jobs.
  • The firm is bidding on RM17.5 billion in contracts, including data centr projects.
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Non-AI data centre investments curbed over water, energy concerns, PM tells Dewan Rakyat

Non-AI data centre investments curbed over water, energy concerns, PM tells Dewan Rakyat

news

Updated:
  • Malaysia has restricted new data centre investments not linked to AI due to high resource consumption.
  • PM Datuk Seri Anwar Ibrahim assured that current electricity and water supplies can support operations.
  • He also mentioned ongoing efforts to develop the Asean Power Grid for long-term energy security.
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Toll hike suspension depends on Cabinet decision, says minister

Toll hike suspension depends on Cabinet decision, says minister

news

Updated:
  • Works Minister Datuk Seri Alexander Nanta Linggi stated that toll hike decisions rest with the Cabinet.
  • The government is currently delaying toll reviews to ease public financial burdens, absorbing the costs.
  • Nanta said the financial impact of the toll deferment is fully borne by the government.
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Cahya Mata 4Q net profit down 70% without forex gains; pays three sen dividend

Cahya Mata 4Q net profit down 70% without forex gains; pays three sen dividend

news

Updated:
  • Cahya Mata Sarawak Bhd reported a 70.3% drop in 4Q net profit to RM19.56 million due to forex losses.
  • Revenue also fell 8.8% to RM311 million, while the cement division showed a 10.2% profit increase.
  • The group declared a final dividend of three sen per share and is progressing on several key projects.
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Anthony Loke orders probe into repeated Kelana Jaya LRT disruptions

Anthony Loke orders probe into repeated Kelana Jaya LRT disruptions

news

Updated:
  • Transport Minister Anthony Loke is disappointed with LRT Kelana Jaya Line breakdowns disrupting commuters.
  • He demands accountability from the rail operator and has called for an investigation into the incidents.
  • Rapid KL reported delays due to technical issues and has issued an apology.
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From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

news

Updated:
  • Sime Darby Property Bhd is shifting from residential development to data centre leasing under its SHIFT25 strategy.
  • The Elmina Business Park is becoming a key data centre hub, with significant lease commitments expected to boost recurring income.
  • Investors are now focusing on long-term lease agreements and megawatts secured, indicating a transformation in the company's earnings profile.
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Kerjaya Prospek poised for solid 4Q as projects near completion

Kerjaya Prospek poised for solid 4Q as projects near completion

news

Updated:
  • Kerjaya Prospek Group Bhd is set for strong 4QFY2025 earnings, projected at RM60-70 million.
  • The growth is driven by higher billings and contributions from major projects like Astrum Ampang.
  • RHB warns of potential risks from a slowing property market but maintains a 'buy' rating with a target price of RM3.35.
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IOI Properties CEO’s RM100m share purchases highlight potential REIT-led re-rating

IOI Properties CEO’s RM100m share purchases highlight potential REIT-led re-rating

news

Updated:
  • Datuk Lee Yeow Seng of IOI Properties Group has made significant share purchases, totaling over RM100 million.
  • The company plans dual REIT listings in Malaysia and Singapore, potentially reshaping its capital structure.
  • Analysts predict that successful listings could lower IOIPG's gearing and enhance its income profile.
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Battersea Power Station appoints Studio Egret West to evolve final 16 acres

Battersea Power Station appoints Studio Egret West to evolve final 16 acres

news

Updated:
  • Battersea Power Station Development Company has appointed Studio Egret West for the final 16 acres.
  • The project aims to adapt to modern lifestyle changes, enhancing the mixed-use riverside district.
  • With over 2,200 homes and 800,000 sq ft of office space completed, the development continues to evolve.
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Kerjaya Prospek bags RM502 mil contract for reclamation and dredging works for Seri Tanjung Pinang

Kerjaya Prospek bags RM502 mil contract for reclamation and dredging works for Seri Tanjung Pinang

news

Updated:
  • Kerjaya Prospek Group Bhd has secured a RM502.27 million contract for reclamation works in Penang.
  • The project, set to start on March 11, 2026, will enhance the company's revenue over three years.
  • Seri Tanjung Pinang is a 240-acre seafront development by E&O in Tanjung Tokong, Penang.
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Sunway Construction tests new all-time highs after beating estimates