Gamuda has firm financing arrangement
We understand that Gamuda’s consortium has in place a firm financing arrangement by a group of reputable financial institutions.
No more land acquisitions for Paramount in the near future
RHB Research maintains buy call with a higher target price of RM2.40.
MGB seen to secure more PPA1M, other projects
MGB is to acquire a parcel of land measuring 9.4ha in Batu Pahat, Johor valued at RM22 million.
Gamuda’s outstanding FY17 order book seen to support profit
Nonetheless, we reckon Gamuda still stands a good chance to be involved in MRT3, given its proven track record and unrivalled expertise…
Paramount seen starting to monetise its assets
This is in line with the asset-light strategy that its chief executive officer, Jeffrey Chew, has always emphasised on.
Gadang earnings within estimates
Moving forward, earnings growth should continue to be anchored by the construction division, supported by an outstanding order book of RM1.5 billion…
Latest JV to ease concerns over IOI Properties’ gearing
IOI Properties Group Bhd has announced that it entered into a memorandum of agreement with Hongkong Land International Holdings Ltd (HKLI) to jointly own and undertake the development and management of the land parcel that IOI Properties successfully tendered for in November last year.
Brighter prospects ahead for Kerjaya Prospek
We believe there should be more building contracts to be awarded to Kerjaya Prospek Group Bhd by Eastern & Oriental Bhd going forward, given the 12-year working relationship between the companies, and consistent contract flow from the latter over the past years.
Gadang heading for another decent year
After a long wait, Gadang Holdings Bhd recently won a mass rapid transit Line 2 viaduct project worth RM952.1 million. We believe the company stands a good chance of winning more projects in the near future, considering the various infrastructure projects scheduled to be awarded in the coming months. Meanwhile, its outstanding construction order book (lifted to RM1.6 billion) and unbilled property sales of RM165 million provide earnings visibility over the medium term. Its utilities unit continues to churn in stable earnings from its four water supply concessions in Indonesia, which more than offset a minor loss at its plantation unit.
MMC in MoU for Carey Island port development
MMC Corp Bhd (MMC), Sime Darby Bhd and Adani Ports and Special Economic Zone Ltd (Adani Ports) signed a memorandum of understanding (MoU) to undertake feasibility studies with regard to the development of an integrated maritime city on Carey Island, Selangor.
