Construction to see another decent year after record domestic contracts in 2024 — HLIB
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
November 2024 marked a turning point, as Singapore home sales surged to a record-breaking monthly figure in over a decade.
Reinvigoration of development projects in the data centre and Johor regions still has room to play out, despite the sequential slowdown in data centre contracts in the second quarter of 2024 (2Q2024), the research house said in a note on Thursday.
In a note on Wednesday, the research house said the results were within house and consensus full-year estimates at 48%.
This, along with a healthy pipeline of diverse projects, reinforces their positive outlooks on IJM.
From better progress billings and project cost savings, capital financing from a growing loan portfolio, and better economies of scale and industries from growing demand for cables and the industrialised building system (IBS).
In a technical tracker note on Friday, the research house, which has a “trading buy” rating on Econpile, said construction activities are poised for sustained growth in 2024, with the Ministry of Finance forecasting a 6.
In a technical tracker on Friday, the research house said that during the construction and property booms, Kimlun’s orderbook typically ranges between RM1.
IGB REIT said revenue for 1QFY2024 rose 5.
In a sector update on Thursday, the research house said contracts again were dominated by the private sector, which saw robust flows, notably from commercial and residential projects, while the data centre (DC) space contributed too.