News about Tun Razak Exchange

KUALA LUMPUR (May 11): Gadang Holdings Bhd rose 2.

PETALING JAYA (March 18): The Exchange Mall within the RM8 billion TRX Lifestyle Quarter project in the RM40 billion Tun Razak Exchange (TRX) mega-development in Kuala Lumpur is scheduled to open in 1H2019.

Construction sector Maintain overweight: Development expenditure for 2017 has been set at RM46 billion, which is flattish at +2% year-on-year (y-o-y).

KUALA LUMPUR (Dec 16): The weak ringgit against the US dollar is not expected to have a major impact on the construction of Ekovest Bhd’s Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway (DUKE) Phase 3.

KUALA LUMPUR (Nov 17): Malaysian Resources Corp Bhd (MRCB) is disposing of a one acre plot of land to Mass Rapid Transit Corp Sdn Bhd (MRT Corp) for RM180 million due to concerns over its proximity to the construction of the MRT Line 2.

Continues from:  On ways to lift the market ‘Prices will not come down but .

Maintain buy with an unchanged target price (TP) of RM1.

ON June 16, as the agreement that formally sees IWH CREC Sdn Bhd become a 60% shareholder in the Bandar Malaysia development as well as its master developer was signed, Prime Minister Datuk Seri Najib Razak announced a slew of incentives for the massive project.

1Malaysia Development Bhd’s (1MDB) wholly-owned subsidiary TRX City Sdn Bhd is starting infrastructure works on Tun Razak Exchange, which is located on a prime tract between Jalan Bukit Bintang and Jalan Tun Razak that was sold to the strategic investment fund for RM230 million or RM75 psf in 2010, say sources in the construction industry.

Construction sector Maintain overweight: The remaining eight Pan Borneo Highway work packages worth around RM10 billion will be awarded this month, according to a news report.