News about Construction sector

KUALA LUMPUR (Dec 23): Hong Leong Investment Bank (HLIB) Research forecast construction-sector earnings to double in 2022, driven by higher productivity and margins.

KUALA LUMPUR (Feb 4): The construction sector is expected to post an earnings recovery in 2021 following the government’s plans to pump-prime the economy, opined Affin Hwang Capital Research senior associate director Loong Chee Wei.

PETALING JAYA (Jan 18): Uncertainties are looming over the nation’s construction sector as political instability, meshed with the movement control order (MCO) implementation, are dampening the speed of the sector’s recovery, but analysts are seeing some silver linings backed by Budget 2021’s infrastructure allocation.

KUALA LUMPUR (Jan 4): The government's move to replace the cancelled Kuala Lumpur-Singapore High Speed Rail project (KL-Singapore HSR) with the Kuala Lumpur-Johor Baru HSR (KL-JB HSR) will still be positive for the construction sector, say analysts.

KUALA LUMPUR (Aug 19): Construction group and concessionaire Gagasan Nadi Cergas Bhd saw its net profit fall 76.

KUALA LUMPUR (Dec 28): As crude oil markets pulled back, sparking concerns of a federal budget recalibration, construction players who have shifted their focus to East Malaysia may find shelter there as state-funded projects are insulated from the risk of reduction of the federal government spending.

KUALA LUMPUR (Dec 28): The construction sector hadn’t had it good this year, with some construction firms posting its lowest profits in a decade.

KUALA LUMPUR (Dec 13): IJM Corp Bhd, whose net profit plunged 80.

PETALING JAYA (Nov 2): The growth of the construction sector is expected to slow down owing to the soon-to-be completed mega projects, coupled with the property overhang situation in the non-residential segment, said the Economic Report 2019 by the Ministry of Finance (MoF).

KUALA LUMPUR (Oct 19): CIMB IB Research has maintained its “Underweight” rating on the construction sector and said it sees muted impact on the overall sector, with no upside surprises in new contracts.