News by Surin Murugiah

In a statement on Monday (July 18), Boustead Properties said the river park will contribute towards building a stronger sense of community in the 1,200-acre smart, integrated township, which is being developed in line with the United Nations Sustainable Development Goals.

In a note on Monday (July 18), the research house said ongoing market headwinds such as rising inflationary pressure and weakening of the ringgit continue to dampen market sentiment.

In a joint statement on Friday (July 15), the companies said that with the  growth of the tech sector and the need for more centralized locations designed specifically to support the sector, IWH and Catcha recognize there is a huge opportunity to explore and understand in greater detail.

In a statement on Tuesday (July 5), Battersea Power Station Development Company (BPSDC) chief executive officer Simon Murphy said the company is now working with the retail and leisure brands as they fit out their spaces ahead of the opening of the building to the public for the first time in autumn.

Hong Leong Investment Bank (HLIB) Research said 1H22 domestic contract awards totalled RM4.5 billion (-49% y-o-y).

Construction services company Tuju Setia Bhd is tendering for RM2.8 billion worth of projects to build high-rise and industrial buildings, as well as hospitals and healthcare facilities.

In a bourse filing on Monday (June 20), the company said its unit Kerjaya Prospek (M) Sdn Bhd had accepted a letter of award from Bangsar Hill Park Development Sdn Bhd for the main building of the development at Lorong Maarof.

In a trading stocks note today, the research house said this, coupled with its above 30-day average trading volume, the stock may push above the immediate resistance of RM1.58.

In a bourse filing on Thursday (June 16), KGB said its unit Kelington Technologies Sdn Bhd (KTSB) on June 15 entered into a construction contract with a Franco-Italian multinational electronics and semiconductor manufacturer to design and build a new manufacturing building comprising a manufacturing (plating) area, mechanical and electrical utility plant, and a multistorey carpark for the existing plant in Johor.

RHB Retail Research said Capitaland Malaysia Trust is in the process of consolidating sideways above the 21-day average line, with improved trading volume seen on Thursday (June 9) – forming a “higher low” bullish pattern.