News about construction

This, along with a healthy pipeline of diverse projects, reinforces their positive outlooks on IJM.

Lin — who is also the managing director of the company — currently holds a 2.

The project — known as Block 2 of the Iskandar Puteri Data Centre — was secured from TM Technology Services Sdn Bhd via its wholly owned IJM Construction Sdn Bhd, IJM said in a statement on Wednesday.

MIDF Research: “Its bulging order book of RM24.

Quarterly revenue grew 20.

“We prefer players involved in the value chain of data centre construction over operators, as they also benefit from a surge in investment by hyperscalers.

“Overall collection has also improved significantly over the past few months.

Gamuda's core net profit could come in between RM230 million and RM250 million for the third quarter ended March 31, 2024 (3QFY2024), the research house said in an earnings preview note.

The construction firm announced that its wholly owned subsidiary, Grand Dynamic Builders Sdn Bhd (GDBSB), had accepted a letter of award for the construction of Plot B of a logistics hub from Strategic Sonata Sdn Bhd.

This strong project portfolio has strengthened IJM Construction's order book to RM7 billion, comprising high-profile private and public sector projects in building construction and civil engineering, ensuring near-term earnings visibility, said IJM.