Hong Leong Investment Bank (HLIB) Research has maintained its “Neutral” rating on the construction sector and said it prefers to take a longer term view. In a sector update on Monday (July 3), the research house said domestic re-rating catalysts are well anticipated by the market.
Kuala Lumpur jumped 19 positions to rank 94th on the Economist Intelligence Unit’s (EIU) Global Liveability Index 2023.
The research said it projects Hektar’s earnings to grow by 9.5% for FY2023F, 8.2% for FY2024F and 3.5% for FY2025F.
Nomura Research said it was “negatively surprised” by the news of the collapse of the proposed sale by Genting Malaysia Bhd (GenM) of a 15.5-acre block of land in Miami, Florida for US$1.23 billion.
Mah Sing Group Bhd has named former navy chief Admiral (R) Tan Sri Abu Bakar Abdul Jamal as its chairman.
Genting Malaysia Bhd (GenM) said the purported purchaser of its of its 15.5-acres of land in Miami has elected to end its current bid.
It said Gamuda’s foray into Australia already accounted for 71% of its orderbook of RM20.5 billion as at Jan 31.
Denmark retained its position at the top of the ranking for the second straight year.
NCT Alliance Bhd posted a net profit of RM7 million for its first quarter ended March 31, 2023.
Econpile Holdings Bhd has received a letter of acceptance worth US$9.5 million (RM43.77 million) for a project in Cambodia.
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