Diversified income stream favours Sunway
Potential asset unlocking worth up to RM1.4 billion and the potential spin-off of its growing healthcare business could eventually fetch more than RM3 billion
Gamuda’s earnings delivery to be on schedule
The Kundang township has been launched while Gamuda Gardens and Twentyfive.7 will be launched within this year.
AEON to continue store expansion but at slower pace
Despite dwindling contributions from its department stores (due mainly to an increasing shift in consumer preference to more trendy options such as Uniqlo, Topshop and Zara), revenue at the retail segment grew 5% in the financial year ended Dec 31, 2016 (FY16).
Good start for Pesona Metro
Pesona Metro Holdings Bhd reported its first quarter of financial year 2017 (1QFY17) results with revenue of RM160.5 million (+52% quarter-on-quarter [q-o-q], +61% year-on-year [y-o-y]) and earnings of RM6 million (+37% q-o-q, -3% y-o-y).
Mega rail projects on the cards for construction sector
We have identified four mega rail projects that will be rolled out over the next two to three years. These include the East Coast Rail Link (ECRL), Kuala Lumpur-Singapore High-Speed Rail (HSR), Gemas-Johor Bahru electrified double-tracking (EDT) project and mass rapid transit 3 (MRT3) Circle Line. Collectively, these mega rail projects will have a total cost of RM171 billion.
Matrix enters into JV with Japan on IBS manufacturing plant
The factory will be located at its Sendayan TechValley, Bandar Sri Sendayan, with a planned capital expenditure (capex) of RM30 million (excluding the cost of a 12-acre [4.86ha] industrial land).
SunCon off to a good start with job wins
Sunway Construction Group Bhd (SunCon) was awarded an RM152.4 million contract for the engineering, procurement, construction and commissioning of the gas district cooling plant 1 in Precinct 1, Putrajaya, involving both a chilled water supply system and power generation system. The job was awarded by the Putrajaya Group, and works will span from March 2017 to August 2018.
UEM Sunrise’s Canada land disposal seen to be completed by 3QFY2017
The property was acquired back in April 2014 at a cost of C$70.2 million with a planned gross development value of C$516.9 million.
WCT still haunted by racecourse ‘ghost’
WCT Holdings Bhd has received a request for arbitration from the Dubai International Arbitration Centre which was filed by Triumpher Steel Construction Group (TSC).
WCT to incentivise to drive sales
Despite having no new launches slated for FY2017, management is targeting for property sales of RM500 million. This is solely derived from existing and incoming inventory amounting to around RM1 billion.
