News by UOB Kay Hian

The takeover list of highways includes the North South Highway (PLUS) for RM30.8 billion, Prolintas (RM3.1 billion), Gamuda Bhd (RM5.6 billion) and IJM Corp Bhd (RM2.7 billion).

UOB Kay Hian: The end of the longstanding tussle between WCT and AEON is positive news for WCT as the company will continue to lease its investment property without having to search for a new anchor tenant, while expecting an increase in rental rate from 2019 onwards.

The ministry has emphasised that it will address several issues. These include lowering house prices by reducing compliance cost and implementation of industrialised building systems. The federal government is also working closely with state governments on land issues, where the latter have been asked to submit a list of potential land plots that can be used for affordable housing projects. 

For its commercial properties, MRCB will adopt a pre-sell and pre-lease model for bespoke commercial buildings before construction.

We expect Gabungan AQRS’ future balance sheet and operating cash flow to strengthen significantly on the back of its five-year transformation plan.

We believe MRCB would not be affected if Prasarana could not raise additional funds for the said LRT3 project as our forecasts are based on the approved construction fees of RM9 billion instead of RM15 billion.

The potential disposal of the EDL would see a net positive financial impact of about RM40 million per annum for MRCB.

It has now reduced its target order book wins to RM6 billion to RM8 billion per annum for the next two financial years.

The group has secured a 30-year concession to produce and stage the Impression Melaka concert.

LBS owns 60% of the ZIC, which sits on prime developable land in Zhuhai, China