Gamuda Bhd (Aug 9, RM3.34)
Recommend buy at RM3.20 with revised target price of RM5.10 (from RM5.25): Prequalification for tunnelling works closed in early July 2011 with 12 parties — two Chinese contractors, one from the Middle East, and the rest from Asia.

Construction sector

Construction sector
Recommend overweight: Over the weekend, The Edge weekly reported that there is now speculation there could be changes in how the Klang Valley MRT project is managed.

Kajang, known for its signature satay dish, is, for all intents and purposes, a laidback town. Its hub is a maze of narrow roads lined with pre-war and more modern shops anchored by Plaza Metro Kajang, which was developed by local stalwart MKH, formerly known as Metro Kajang Holdings Bhd.

KUALA LUMPUR: Many Malaysian-based property developers are now increasingly spreading their wings to developed economies after an earlier adventure to developing countries such as Vietnam did not pan out well.

Construction sector

BANGKOK/KUALA LUMPUR: Workers pouring cement into blocks in searing heat to build a new rail line northwest of Bangkok illustrate what many see as the early stages of a long-delayed Southeast Asian infrastructure resurgence.

KUALA LUMPUR: Australian property developer Asset1 Pty Ltd aims to spread its wings to Vietnam by 2013 in its efforts to widen its regional presence, said managing director Luke Adams.

The property developer plans to make its debut in Vietnam's premium property market, targeting the republic's expatriate community, he told reporters on Monday, June 27.

The 15-minute drive from the airport in Bayan Lepas to Weld Quay in the heart of George Town, Penang, transports us into a world of colonial buildings and pre-war shophouses.

Construction sector