KUALA LUMPUR (Aug 29): IJM Corp Bhd, which announced a 5.
Malaysian Resources Corp Bhd (Aug 27, 72 sen) Maintain hold with a lower target price (TP) of 74 sen: Malaysian Resources Corp Bhd’s (MRCB) net profit of RM15 million (-72% year-on-year [y-o-y]) for the cumulative six months of financial year 2019 (6MFY19) is only 11% to 16% of the market consensus and our previous FY19 forecast of RM94 million to RM137 million.
KUALA LUMPUR (Aug 16): Both George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) yesterday clarified that the dispute between them over the financing requirements for their joint venture (JV) company that is undertaking the Light Rail Transit 3 (LRT3) project is to do with the priority of funding options.
KUALA LUMPUR (Aug 14): A dispute has arisen between George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) over financing requirements for their joint-venture (JV) company that is undertaking the construction of the Light Rail Transit Line 3 (LRT3).
KUALA LUMPUR: EITA Resources Bhd’s contract to supply lifts and escalators for the light rail transit Line 3 (LRT3) project has been revised, with the contract sum cut by a whopping 65.
KUALA LUMPUR (March 21): Sunway Construction Group Bhd announced yesterday that it has, via its subsidiaries, bagged two piling works contracts worth a combined value of RM86.
KUALA LUMPUR (Feb 14): Malaysian Resources Corp Bhd (MRCB) said the works for Light Rail Transit 3 (LRT3) will resume in the second half of 2019 (2H2019), after progress had been stalled for about a year amid the government's move to reduce the cost of the project.
KUALA LUMPUR (Jan 25): MRCB George Kent Sdn Bhd had today entered into a fixed-price contract with Prasarana Malaysia Bhd for the proposed Light Rail Transit Line 3 (LRT3) project in the Klang Valley.
KUALA LUMPUR (Jan 18): MRCB George Kent Sdn Bhd, the turnkey contractor for the Light Rail Transit Line 3 Bandar Utama-Johan Setia (LRT3), will not be seeking any compensations from either Prasarana Malaysia Bhd or the government, following the "remodeling" of the project delivery partner (PDP) contract into a fixed price contract for the LRT3 project.