News by Tang Wey Kynn

CIMB Securities has raised Gamuda Bhd’s (KL:GAMUDA) forecasted job wins for the financial year ending July 31, 2026 (FY2026) to RM22 billion and to RM25 billion for FY2027, after the group was shortlisted for two developments in Sydney, Australia.

While SunCon maintains this is an isolated incident with no senior management involvement, reputational risks could temporarily advantage rivals like Gamuda Bhd (KL:GAMUDA) and IJM Corp Bhd (KL:IJM), according to CGS International.

Hektar REIT's (KL:HEKTAR) proposed acquisition of Melaka land is being done at an attractive price and if concluded will boost the real estate investment trust’s income, a research house said on Monday.

Data centres in Malaysia may see their electricity bills rise by up to 15% under the new power tariff structure, analysts said.

CIMB Securities sees significant potential in SD Guthrie Bhd’s (KL:SDG) proposed joint ventures (JVs) to develop industrial parks in Port Dickson and Carey Island, but notes that the financial impact will hinge on the speed of land sales and income generation from the developments.

The construction sector is expected to see its earnings growth remaining on an upward trajectory in the second quarter, while the order book environment is set to further improve heading into the second half of 2025, with the gradual roll-out of major public infrastructure projects.

Paradigm Real Estate Investment Trust (KL:PARADIGM) made a flat Main Market debut on Tuesday, as it closed at RM1, unchanged from its initial public offering price amid a softer broader market.

Construction company Nestcon Bhd (KL:NESTCON) said its plan to diversify into property development for more revenue sources will take more time and be revised.

Avaland Bhd (KL:AVALAND) reported a 4.7% drop in net profit for the first quarter ended March 31, 2025 (1QFY2025), mainly due to lower earnings from completed projects like Aetas Damansara and Alira Subang.

The Port Klang Free Zone (PKFZ) has unveiled the highlights of its PKFZ 2.0 Masterplan, a roadmap aimed at transforming the free zone into a next-generation logistics and industrial ecosystem, integrating sustainability, technology and investor-oriented services to enhance Malaysia’s standing in regional trade and supply chains.