News about Terengganu

Vivocom International Holdings Bhd (Dec 4, 13 sen) Maintain buy recommendation with an adjusted target price (TP) of 33 sen per share: Vivocom International Bhd’s nine-month financial year 2017 (9MFY17) earnings came below expectations.

KUALA LUMPUR (Oct 26): Malaysia Rail Link Sdn Bhd (MRL), the project owner of the RM55 billion East Coast Rail Link (ECRL) project, has commenced soil investigation, as well as set up base camps on multiple sites in Kelantan, Terengganu and Pahang.

KUALA LUMPUR (Oct 23): T7 Global Bhd has entered into a memorandum of understanding (MoU) with three private companies to form strategic partnerships for the construction of the East Coast Rail Line (ECRL) project.

KUALA LUMPUR (Oct 5): The RM55 billion price tag for the construction of the East Coast Railway Link is not as hefty or inflated as some may argue, said Malaysia Rail Link Sdn Bhd (MRL) Infra Director Nor Rizan Mohd Akhir.

KUALA LUMPUR (Oct 4): Al-Salam Real Estate Investment Trust (REIT), via its trustee Amanahraya Trustees Bhd, is planning to buy the Mydin hypermarket in Gong Badak, Terengganu, for RM155 million.

KUALA LUMPUR (Oct 3): UEM Sunrise Bhd expects Malaysia's property market, particularly within the premium segment, to recover from the second half of next year on improving income growth and better mix of real estate products.

KUALA LUMPUR (Sept 27): Vivocom International Holdings Bhd shares and warrants were actively this morning after it bagged a RM75 million construction contract for a mixed development in Terengganu from property developer Udaran Sdn Bhd.

Construction sector Maintain overweight sector rating: The East Coast Rail Link (ECRL) project took off with a groundbreaking ceremony yesterday.

CYBERJAYA (July 24): iKHASAS Group has entered into a management agreement with the world’s largest hotel chain, Marriott International, to develop the new 5-star-rated Perhentian Marriott Resort & Spa on Pulau Perhentian, Terengganu.

Vivocom Intl Holdings Bhd (July 13, 12 sen) Maintain buy with a target price (TP) of 40 sen: We emerged from our meeting with Vivocom Intl Holdings Bhd executive director Choo Seng Choon feeling reassured with our estimates.