KUALA LUMPUR: Gamuda Bhd has completed its acquisition of Vietnamese Sai Gon Thuong Tin Tan Thang Investment Real Estate Joint Stock Company (Tan Thang), and has become a 60% subsidiary of Gamuda Land (HCMC) Sdn Bhd.

KUALA LUMPUR: IJM Corporation Bhd, which already has an order book of RM3.6 billion, is looking to add another RM2 billion worth of jobs into its stable in the current financial year ending March 31, 2011.

IJM’s out-going CEO and managing director Datuk Krishnan Tan said that the company’s presence abroad has helped it with the task of replenishing the order book.

Nothing New

During the company’s briefing last week, management clarified a few matters. It said it has appointed a consultant to investigate Sime Darby’s alleged cost overruns and maintains that no further provisions are needed. In the Middle East, WCT is awaiting the results of 2 tenders and is bidding for the Dukhan H’way extension.

Malaysia and Singapore roadshow
After releasing our construction sector piece on July 19, we went on a roadshow in Malaysia and Singapore where we met 55 fund managers (FMs) and buy-side analysts from 28 investment management firms in Malaysia and 13 FMs and analysts from nine firms across the causeway.

The Klang residential property market has been quite active in recent years, outshining the industrial segment that has been historically the area’s strongest sector due to the nearby port activities, says Phua Chee Kok, head o

· Rotational plays on property stocks

The developer, which is better known for its developments in the suburbs, is expanding its presence in the heart of Kuala Lumpur where it recently acquired a piece of freehold land at the intersection of Jalan Pudu and Jalan Robertson.  MD Chow Chee Wah tells Racheal Lee about its plans for the site.Gamuda Land Sdn Bhd has carved a name for itself as a landed residential estate

There is usually a correlation between real estate values and highway accessibility, as evident from numerous successful projects and schemes located along major highways.

KUALA LUMPUR: Gamuda Land Sdn Bhd is acquiring a freehold plot in Jalan Pudu for RM105 million for a mixed commercial development with an estimated gross development value (GDV) of RM600 million.