News about construction

The contract was secured via its wholly owned Kitacon Sdn Bhd on Monday, which had accepted a letter of award from Tropicana Alam.

The company will pay for the acquisition using internal funds, it said.

However, it is unable to disclose the identity of the customer, as the customer is not agreeable to provide consent for disclosure, underground utilities and substation engineering specialist said in a bourse filing.

AWC said its wholly-owned subsidiary Ambang Wira Facilities Sdn Bhd has received a letter of acceptance (LOA) from JKRM for the proposed job.

This is LFE Corp’s third contract from Puncakcity Development this year.

Kerjaya’s construction division is primarily involved in the building of high-rise residential and commercial buildings for premium developer clients in Malaysia.

Combined with the main design and build contract, the overall project value will be RM15.

“This translates to an additional financial burden of an estimated not less than RM110 million per month for the construction industry.

Analysts covering construction stocks are neutral to positive on Budget 2025, taking into account the slight decline in net development expenditure, absence of new megaprojects, and lack of details for key projects such as the third phase of the Klang Valley Mass Rapid Transit (MRT3).

Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.