Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.
Kepong sounds like a tired old place at the edge of Kuala Lumpur, which many would visit once in a while, lured by its variety of Chinese restaurants and food stalls — some which have been there for generations.
KUALA LUMPUR (March 24): Higher construction work progress and stronger overseas property sales boosted Gamuda Bhd's net profit in its second quarter of financial year 2018 (2QFY18), which grew 27% to RM211.
KUALA LUMPUR (March 1): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) says the refurbishing of its tunnel boring machines (TBMs) has saved up to RM400 million or 15% from what it would cost to purchase new machines for the MRT Sungai Buloh-Serdang-Putrajaya line (MRT Line 2).
KUALA LUMPUR (Feb 9): Prasarana Malaysia Bhd and Singapore's SMRT Corp Ltd will form a joint venture (JV) company to operate the Johor Bahru-Singapore Rapid Transit System Link (RTS Link).
KUALA LUMPUR (Feb 8): Gabungan AQRS’ net profit doubled to RM15.
PETALING JAYA (Feb 6): More tech and fast moving consumer goods (FMCG) companies are leasing more spaces in both the central business district and decentralised locations in Greater KL, said JLL managing director and country head and Malaysian Institute of Estate Agents (MIEA) member YY Lau.
PETALING JAYA (Feb 1): A 35m pedestrian link which directly connects the Bandar Utama Mass Rapid Transit (MRT) Station to the 1 Utama Shopping Centre has opened today.
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