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Property and infrastructure sector Maintain overweight on infrastructure sector while neutral on property sector.
Masochistic? Gamuda Land, the property arm of Gamuda Bhd, has launched its maiden Australian project in Melbourne, amid concerns of an oversupply of apartments in the city that may hurt investment potential.
KUALA LUMPUR (July 13): Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and MMC Gamuda KVMRT Sdn Bhd today signed the Project Delivery Partner (PDP) Agreement for the MRT Sungai Buloh-Serdang-Putrajaya Line (SSP Line).
KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.
KUALA LUMPUR (June 25): Gamuda Bhd will acquire a 12,154.
KUALA LUMPUR (June 22): Three outfits — a joint venture between Naza TTDI Sdn Bhd and China’s CSR Zhuzhou Electric Locomotive Co Ltd (Naza TTDI- CSR Zhuzhou JV), a partnership involving Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd (MRCB-George Kent JV), and UEM Group Bhd — are understood to be the front runners for the role of project development partner (PDP) in the proposed RM9 billion third light rail transit line (LRT3).
KUALA LUMPUR (June 20): Gamuda Land, the property arm of Gamuda Bhd, will be launching two high-rise residential projects – one in Melbourne, Australia and the other in Kelana Jaya, Selangor, said its managing director Chow Chee Wah.