Pesona Metro seen poised for good earnings and growth rebound
Pesona Metro Holdings Bhd (April 16, 33 sen) Maintain buy with a target price (TP) of 45 sen.
ACME’s largest shareholder sells another 18% stake
KUALA LUMPUR (April 16): Supptech Holdings Sdn Bhd, the largest shareholder of Penang-based ACME Holdings Bhd, has continued to pare down its stake in the company with another off-market trade.
JAKS Resources puts property ambition on hold
KUALA LUMPUR: JAKS Resources Bhd has decided that it will take a step back from the property market to focus more on infrastructure and power-generation projects, especially from renewable resources.
Bio Osmo up 40% on proposed hotel buy from major shareholder
KUALA LUMPUR (April 13): Bio Osmo Bhd shares rose as much as two sen or 40% to seven sen on news substantial shareholder Datuk Seri Farouk Abdullah is proposing to inject hotels currently parked under his private vehicles into Bio Osmo under a cash and share deal.
Penang Forum calls for stop to land swap deals
GEORGE TOWN (April 13): A civil society coalition wants the next government in Penang to stop the practice of approving land reclamation deals in exchange for infrastructure projects.
News flow on project awards seen to support construction sector
Construction sector Maintain overweight: The project delivery partner (PDP) contract for the high-speed rail (HSR) Malaysian infrastructure works was split between the YTL Corp-TH Properties and MRCB-Gamuda consortiums.
BizSmart Challenge 2018 turns to reality TV, with RM1m worth of prizes
KUALA LUMPUR (April 13): The annual BizSmart Challenge — Alliance Bank Malaysia Bhd’s flagship programme to nurture and grow small- and medium-sized enterprises (SMEs) — is back for its fifth year, and this time in the format of a reality TV show, with cash and media coverage prizes totalling RM1 million to be won.
Advancecon buys land to build workshop for northern Selangor projects
KUALA LUMPUR (April 12): Advancecon Holdings Bhd is buying two parcels of industrial land in Gombak district for RM13.
PAM launches 2018 building contract
PETALING JAYA (April 12): The Malaysian Institute of Architects (PAM) launched their new PAM Contract 2018 yesterday, the fourth version of the PAM standard form of building contract since it was first introduced in 1969.
Construction of ECRL slightly ahead of schedule
KUALA LUMPUR (April 12): The construction of the high-impact East Coast Rail Link (ECRL) in Kelantan is progressing slightly ahead of schedule according to Malaysia Rail Link Sdn Bhd (MRL), which is optimistic about the economic spin-offs the connection will bring to the region.
