Construction sector likely insulated from tariff woes, industrial job flows could slow — analysts
CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.
CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.
The contractor, Geopancar Sdn Bhd, had initiated the adjudication to claim payments for substructure works for a project known as Flex @ Bukit Jalil City, undertaken by Ho Hup's wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD).
The job involves the construction of four blocks of apartments of between 30 and 37 storeys high and one block of a five-storey podium with shop offices.
Southern Score said that the transfer will enhance its corporate profile, credibility and reputation, while increasing its visibility among institutional investors.
The Johor-based property developer recorded a net profit of RM536.
Following this latest project win, Bintai Kinden’s unbilled order book has increased to RM132.
According to its bourse filing, the contract is set for a duration of 37 months, with construction work scheduled to commence on April 29, 2025 and slated for completion by May 28, 2028.
The group made a net profit of RM25.
"The expansion initiatives come at an opportune time, as the construction industry stands to benefit from government-led initiatives and spending, particularly in infrastructure development.
“The project will be executed in multiple phases, focusing on comprehensive site preparation, environmental protection measures and efficient water reservoir embankment construction.