Malaysia data centre plays face further risks, JPMorgan warns as it downgrades Sunway Construction, Gamuda
Construction stocks, in particular, have declined, but premium price multiples have not been fully reversed, JPMorgan said on Friday.
Construction stocks slip further as investors continue to cut exposure to M'sian data centre plays
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, fell to a fresh three-month low of 263.
Own a new home for the Year of the Snake! Check out PropNex’s open house on Jan 18 and 19
For this round of the PropNex open house, it will be an all terrace house affair, with all four homes located in Cheras.
Malaysia's data centres unaffected by US AI chip export restrictions, says deputy Miti minister
Liew Chin Tong said the Malaysian government will take a cautious, evaluative stance to better understand how these proposed restrictions might influence future developments and partnerships.
Construction to see another decent year after record domestic contracts in 2024 — HLIB
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
Construction stocks extend decline sharply as SunCon falls over 10%
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
Bintai Kinden gets approval for regularisation plan, confident measures will help exit PN17
Bintai fell into the PN17 status after its external auditors flagged the company’s ability to stay as a going concern — an accounting parlance that casts doubt on an organisation’s resources and income to stay afloat — in the financial statements for the financial year ended March 2023.
Gamuda, Castleforge break ground for £1.2 bil redevelopment project in London
Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.
AZRB redesignates MD Wan Zakariah as executive vice-chairman after over three years of vacancy
“The board is confident in Wan Zakariah’s ability to fulfill this role, given his extensive experience and leadership as the group managing director,” the company said.
