Gamuda shares climb to two-week high on positive outlook despite 3Q earnings miss
“We expect the group’s performance to catch up in the final quarter, which has historically been its strongest.
“We expect the group’s performance to catch up in the final quarter, which has historically been its strongest.
The scope includes the design and build of underpinning and structural strengthening works, and the demolition and reconstruction of a ramp and associated works.
“Key realised investments also include a RM1 billion integrated oil refinery plant, a RM950 million tourism development, and a RM667 million facility to produce Maleic Anhydride in Pahang.
The rising rents could be a double-edged sword, on one hand signalling the appeal of the once-forgotten areas, but also threatening to price out those who jump-started the vitality.
Datuk Chang Kim Loong: "For the average Malaysian, we have repeatedly said, owning a home is not just a dream but the largest financial commitment of a lifetime.
The group's domestic operations have gained significant momentum, with orders now contributing 41% of the overall RM35 billion construction order book, up from 28% last year.
The stronger earnings were mainly driven by the RM402.
Homes have evolved from being just a shelter within four walls.
CCC-ECRL confirmed that it had received the notice of adjudication from the Advancecon subsidiary, Advancecon Infra Sdn Bhd, which alleged outstanding payments for subgrade, drainage, and culvert works carried out under two sub-contract for the ECRL project.
The first phase of the development, beginning this September, will comprise 3,000 residential units under phases 1A and 1B, along with a vertical school expected to be completed by 2027—allowing educational facilities to operate concurrently with the completion of housing.