Winning this high-profile project certainly provides a much-needed sentiment booster to its share price, given the high market expectation for Gadang to secure one of MRT2 packages (based on its MRT1 track record).
Having Johor Corp as a strong sponsor provides Al-Salam Real Estate Investment Trust with a good potential to grow inorganically.
We believe the relaxation of the 1Malaysia People’s Housing Programme (PR1MA) housing policies would have a negative impact on Hua Yang Bhd.
Cahya Mata Sarawak Bhd (CMS) is an excellent proxy for the Sarawak Corridor of Renewable Energy development corridor. Aside from the Pan Borneo Highway that is expected to gain steam moving into 2017, its 50%-owned Sacofa Sdn Bhd may continue to churn decent returns and its 25%-owned OM Materials (Sarawak) Sdn Bhd (OMS) is on the right track to turn around.
Last month, WCT’s long-serving managing director Peter Taing Kim Hwa and co-founder Wong Sewe Wing, through their vehicle WCT Capital Sdn Bhd, divested their 245.72 million WCT shares or 19.67% stake to Dominion Nexus Sdn Bhd, a company linked to Lim. The shares were crossed at RM2.50 each.
While Gadang has yet to win any construction jobs thus far in FY17, its management appears confident of at least maintaining its robust earnings recorded in FY16.
Hua Yang’s focus and experience in the affordable segment will serve it well in this challenging operating environment, We expect its township projects to perform better than the other segments.
Light rail transit 3 project delivery partner fees and stable dividend income from MRCB-Quill REIT will provide a solid earnings base...
Its investment properties’ gross floor area totals 1.9 million sq ft with 1.5 million sq ft of total net lettable area...
The company continues to bid for new jobs, while being selective in doing so.
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