Scale down of PSI has no earnings impact on Gamuda, says Public Investment Bank
"On top of that, we also expect the Bayan Lepas LRT under the Penang Transport Master Plan (PTMP) to kick off sooner than expected.
Public Investment Bank initiates ‘outperform’ call on Matrix Concepts on stable earnings, dividends
“This is a strong testament to its ability to adapt, and also speaks of the marketability of its products, especially those in Sendayan Developments (BSS),” said Tan.
Seven top developers dominate 70% of local market share - PublicInvest Research
PETALING JAYA (June 18): With increasing consolidation in the property sector, the market is seeing the industry being dominated by a few players with landbank that carried an estimated gross development value (GDV) of close to RM100 billion, said Public Investment Bank Bhd (PublicInvest Research).
All eyes on upcoming mega infrastructure job awards in 2020
KUALA LUMPUR (Jan 16): The construction industry saw a recovery in sentiment in 2019, amid news of the government’s intention to revive several mega infrastructure projects that were put on hold or postponed after the government change in 2018.
Atrium REIT to raise RM999m via MTN programme for Penang properties
KUALA LUMPUR (Sept 19): Atrium Real Estate Investment Trust plans to raise up to RM999 million by establishing a medium-term note (MTN) programme to part-finance the purchase of properties in Penang.
Pasdec shareholders told to reject takeover offer
KUALA LUMPUR (Aug 3): Pasdec Holdings Bhd shareholders have been told to reject the takeover bid launched by its substantial shareholder Datuk Seri Tew Kim Thin, which has been deemed "not fair and not reasonable" by independent adviser Public Investment Bank Bhd (PIVB).
Gamuda falls 6.05% after HSR scrapped and rating downgraded
KUALA LUMPUR (May 30): Gamuda Bhd shares fell 6.
LBS Bina sets up RM500m sukuk programme
KUALA LUMPUR (Dec 15): LBS Bina Group Bhd will set up a RM500 million Sukuk Murabahah programme to finance future acquisitions and development cost of the projects undertaken by the group, to repay borrowings, as well as for working capital.
Analysts hold S P Setia's earnings forecast pending Singapore project launch
KUALA LUMPUR (April 19): Analysts are holding their earnings forecast for S P Setia Bhd after it won the tender for a plot of prime land in Singapore, amid concern over the group’s valuation due to the high cost of the land.
IGB Corp up 15% on takeover offer
KUALA LUMPUR (Feb 24): IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
