News by Surin Murugiah

The construction group said its unit Advancecon Infra Sdn Bhd (AISB) had accepted the LOA for the contract that runs from Aug 14, 2024 until Feb 13, 2026.

Ragu said the ECRL will significantly enhance ECER’s connectivity and logistics efficiency, making it an ideal destination for businesses looking to expand their reach. ECER also offers cost effective-land options.

Phillip Capital has maintained its 'buy' rating for Kerjaya Prospek Group Bhd (KL:KERJAYA) at RM2.03, with a higher target price of RM2.60 (from RM2), and expects continued robust contract replenishment from Eastern & Oriental Bhd (KL:E&O) and Kerjaya Prospek Property Bhd (KL:KPPROP), with the company actively bidding for RM3 billion worth of data centre and semiconductor related jobs.

RHB Retail Research said Eversendai Corp Bhd (KL:SENDAI) is attempting to resume the upside movement, testing the immediate resistance.

Shares of Gadang Holdings Bhd (KL:GADANG) erased three weeks of gains after TA Securities, the sole research house covering the stock, downgraded the construction company to ‘sell’ on weaker-than-expected results.

Under the subcontract, Varia will supply labour, plants, materials, equipment, tools, transport, temporary works and ancillary needed to build a sewage treatment plant in Penang.

The group said its total net assets surpassed RM10.8 billion.

Forbes said Allgreen’s Valerian Residential placed the highest bid of S$730 million (US$544 million/RM2.537 billion) for the 99-year leasehold site on Zion Road, about three kilometres south of Orchard Road.

Scanwolf Corp Bhd is diversifying into construction and construction-related activities.

Property developer NCT Group’s unit NCT Smart Management Sdn Bhd (NCT Smart Management) has inked memorandums of understanding (MOU) with KDEB Waste Management (KDEBWM) and Mentari Alam EKO (M) Sdn Bhd (MAEKO) to bolster the offerings and capabilities of the NCT Smart Industrial Park (NSIP).