“Assuming 50% of this comprises construction cost, this would present RM70 billion worth of potential job flows. Moreover, the emphasis of local content in the construction process would further stimulate local construction activities.”
The research house said the value has emerged given that IOI Properties' share price has fallen about 15-20% in the past three months.
The construction firm together with its consortium partner, DWL Resources Bhd, is said to have submitted its bid for jobs in the newly revived East Coast Rail Link (ECRL). The contract value could be to the tune of multibillion ringgit.
The slightly lower net property income was mainly attributed to lower rental fees and higher operating expenses.
Without the proposals, Seacera said it will be in a grave financial condition in view of the group’s dire need for funds to address its critical liquidity concerns.
Its executive director and chief executive officer, Datuk Hisham Othman, said Hektar REIT's strategy is to own malls in geographically diverse locations.
“Under the current agreement, we find that the fare to be charged to commuters is on the high side. Thus, both parties have agreed to work together on lowering the ticket price, in order to encourage more people to use the RTS service once it is completed,” Loke said.
“We are ready in terms of technical readiness as we have invested a lot of money over the years in terms of equipment and also for air traffic control readiness,” said Loke.
Scomi entered into a deal for Prasarana to acquire seven new four-car train sets for the Rapid KL Monorail route.
"We will respond to them once we have received the suit. We have not received in writing right now."
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