Construction to see another decent year after record domestic contracts in 2024 — HLIB
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
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.
Once the notice to proceed is issued, Gamuda will have six years to complete the contract.
The latest winding-up petition was filed by Negeri Sembilan Cement Industries Sdn Bhd (NSCI) against Ho Hup and its 90%-owned subsidiary, Tru-Mix Concrete Sdn Bhd.
That means Gamuda should be valued at RM8.
Annum had also previously had trouble issuing its annual report for the financial period ended June 30, 2023 (FY2023) that was initially due on Oct 31, 2023.