A blended solution for Medini

KUALA LUMPUR: Five companies have prequalify to bid for the Mass Rapid Transit (MRT) tunnelling project, with tender documents slated to be given to the companies on Friday, Oct 20, sources say.

New Atria offers potential upside

Ask Waz Lian Group director Ta Shun Dher what the gaming, hospitality and property outfit has been up to of late and chances are the 24-year-old will tell you: “Too many things to keep track of.”

KUALA LUMPUR: A Ministry of Finance Inc company, MRT Co, approved by the Cabinet yesterday, will assume project and asset ownership of the Klang Valley MY Rapid Transit (KVMRT) project from Syarikat Prasarana Negara Bhd effective Sept 1.

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.