RHB Investment Bank upgraded Gamuda Bhd to “buy” from “neutral”, with a new RM4.95 target price (TP) from RM4.35, as the research house views the stock as a strategic hedge towards downside risks from the local construction sector, given its sizeable overseas footprint.
Bina Puri Holdings Bhd said its wholly-owned subsidiary Bina Puri Sdn Bhd (BPSB) had applied for a restraining order due to lacklustre construction activities and the sluggish property market climate brought on by severe disruption of the overall operating environment that rose from the implementation of the movement control order (MCO).
Some 95% of Glomac Bhd's 121 Residences at Kayu Ara in Petaling Jaya, Selangor has been taken since its launch in August 2019, according to its chief operating officer Zulkifly Garib in a topping out ceremony on Thursday (June 8).
Eupe Corporation Bhd (EUPE) launched Phase 2 of Villa Natura at its show village in Sungai Petani, Kedah on Saturday (June 3).
AWC Bhd said it has secured four light rail transit (LRT)-related contracts in the Klang Valley from Prasarana Malaysia Bhd worth a total of RM51.99 million.
Boustead Properties Bhd’s Phase 1B of Balau Homes in its Mutiara Hills township in Semenyih, Selangor has achieved a take-up rate of 70% since its official launch last month.
The number of late projects have risen to 141, from 110 at end-March, while the number of abandoned projects remained unchanged at 112.
The two parties are MCC Overseas (M) Sdn Bhd and Guandong Bright Dream Robotics Co Ltd.
Citaglobal said Citaglobal Land Sdn Bhd had performed the work under a subcontract awarded in October 2015 to build part of WCE’s Section Nine mainline works from Kampung Lekir Interchange to Changkat Cermin Interchange.
The money was awarded to Crest Builder Sdn Bhd for certified sums, costs of idling and dayworks and retention sum.
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