Gamuda's MRT2 profit sacrifice preferable to contract termination, say analysts
MIDF Amanah Investment Bank Bhd Research said the project's continuation seemed as a rational avenue for the group to manage the risk at hand.
REITs’ NPI growth not a reflection of improving sector
Current market situation more or less the same, with oversupply issues still an ongoing concern — analyst
Serba Dinamik bags 13 O&M jobs worth RM512m
In a filing with Bursa Malaysia yesterday, the group said four contracts were awarded to its wholly-owned subsidiary Serba Dinamik International Ltd (SDIL) for O&M works in the Middle East.
Country Heights signs MoU with China firm to set up auto city
According to Country Heights, Goldenport has the knowledge of all track operational processes, technical expertise and data, procedures and methods relating to motor-sport track racing in China, as well as the relevant skill and expertise to perform such works.
Gabungan AQRS 3Q net profit surges, says to benefit from transparent tendering process
The group currently has an outstanding construction order book of RM2.4 billion — sustainable for the next three years — and continues to maintain its RM1.5 billion replenishment rate, but at an extended timeline to mid-2019, pending the government’s final review of key infrastructure jobs.
Kerjaya Prospek to secure RM400m job from unit's Marriott project
Project will have a gross built-up area of about 3.5 million sq ft, comprising a hotel and four-storey mall, besides office units, serviced apartments and a car park.
KIP REIT reports marginal NPI growth for 1Q
The management declared an interim distribution per unit of 1.45 sen, amounting to RM7.33 million, payable on Nov 13 and representing a 100% distributable income.
Introduction of new taxes could further impact property sector, says TA Securities
In a sector note released this morning, TA’s anaylst Thiam Chiann Wen said while the upcoming national budget may contain elements that makes home ownership and financing easier for the people, there is unlikely any form of relaxation nor withdrawal of property-cooling measures in the near-term.
CPCG announces investment of up to RM10b in Malaysia
Its founder Yan Jiehe, who is one of the 10 richest men in China, lauded Malaysia for being business-friendly and one of the most competitive countries in the region.
KIP REIT exploring third-party asset options
KIP Real Estate Investment Trust (REIT) said it has options on the table to acquire more third-party ready assets, upon the successful addition of its first external asset, AEON Mall Kinta City in Ipoh, Perak to its portfolio.
