News about Muda

Gamuda Bhd (March 15, RM5) Maintain buy with a target price (TP) of RM5.

KUALA LUMPUR (Feb 15): Kuala Lumpur City Hall (DBKL) has denied that it has approved developments in the city illegally.

KOTA KINABALU (Feb 7): Gamuda Land aims to launch the third and final tower of Bukit Bantayan Residences phase 1 in Kota Kinabalu, Sabah, in March.

Ikhmas Jaya Group Bhd (Feb 2, 56 sen) Maintain buy with an unchanged target price (TP) of 75 sen: Ikhmas Jaya Group Bhd recently announced that it had accepted a letter of award from Mudajaya Corp Bhd to undertake subcontract bored pilling works (Zone 2 and Zone 3) for light rail transit (LRT) 3 package GS01.

KOTA KEMUNING (Jan 26): Gamuda Land is looking to officially launch the first non-landed homes, The Amber Residence, in its twentyfive.

Gamuda Bhd (Jan 22, RM5.

KUALA LUMPUR (Jan 23): Malaysia’s 14th general election’s (GE14) outcome is unlikely to affect the execution of rail projects such as the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR), said HSBC Bank Malaysia Bhd chief executive officer Mukhtar Hussain.

PETALING JAYA (Jan 12): The newly set-up property managers registry by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) offers the industry a “light at the end of the tunnel” as they will now be recognised and regulated by a government body, said SCM Property Services Sdn Bhd property and facilities management general Paul Richard.

Construction sector Maintain overweight: The tender for the project delivery partner (PDP) to undertake the Malaysian portion of the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure construction works was called on Nov 22, 2017, and will close on Jan 30, 2018.

Malaysian Resources Corp Bhd (Jan 3, RM1.