Malaysia's construction activity rises for fifth straight quarter; but seen slowing in 2Q2023
“The increment (in 2Q2023 construction value) was supported by double-digit growth in the civil engineering sub-sector, which grew by 10.
“The increment (in 2Q2023 construction value) was supported by double-digit growth in the civil engineering sub-sector, which grew by 10.
In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.
Tee further added Kerjaya Prospek’s year-to-date order book strengthened to RM983.
Advancecon had in an earlier filing on May 29 notified that Yeo was not re-elected at the group’s 26th annual general meeting, though he continued to remain as the COO.
Vizione said the latest quarterly loss was mainly caused by the impairment of financial assets amounting to RM47.
“We think any interested parties will have to form joint ventures (JVs) or partnerships with foreign players with the technical knowledge and also strong financial backing.
The latest announcement follows Top Builders' failure to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities for approval within the extended timeframe of June 29 this year.
The substructure works are for two blocks of 47-storey serviced apartments comprising 453 units, with existing commercial development comprising a five-storey retail mall and two levels of basement parking.
IJM adds that the combined capabilities of the two groups as civil and systems contractors enable the offering of more comprehensive and turnkey solutions for local and international rail project bids.
Liew said the roadmap will include policies and pathways to assist the iron and steel sector to commence the transition towards reducing its carbon footprint.