Mieco to sell two pieces of industrial land in Kuantan at RM2.45m loss
The properties, comprising two pieces of leasehold industrial land in Kawasan Perindustrian Gebeng, have a combined land area of about 17.
The properties, comprising two pieces of leasehold industrial land in Kawasan Perindustrian Gebeng, have a combined land area of about 17.
The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia's data centre operator NextDC Ltd.
Construction stocks, in particular, have declined, but premium price multiples have not been fully reversed, JPMorgan said on Friday.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, fell to a fresh three-month low of 263.
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
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.
“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.
Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.