Haily clinches RM53m residential construction project in Johor Bahru
Other major contracts bagged by the group this year include a RM37.
Other major contracts bagged by the group this year include a RM37.
SunCon said the project is expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2023 onwards.
It said near-term job flows could be affected by the coming state elections while the highly anticipated the MRT3 project continues to see near-term delays.
The Practice Note 17 (PN17) company had on Wednesday (June 28) submitted its quarterly report for its second financial quarter ended Dec 31, 2022 (2QFY2023) to Bursa Securities.
Phase 1 of the project consists of a four-storey logistics hub, four-storey multi-level parking with a one-storey office and ancillary buildings.
To address this issue, it is crucial to delve into the key factors contributing to retaining wall failures and emphasise the importance of regular maintenance and inspections.
“The company has decided to terminate the CEO’s contract of employment by giving him three month's salary in lieu of the required notice as per his contract,” said Zelan in a bourse filing on Thursday (June 15).
It noted that as Mass Rapid Transit 3 (MRT3) contract rollout could likely take a longer time — sometime in late 4Q2023 or early 1Q2024 — contractors may fill in the temporary void of local infrastructure jobs by focusing on industrial ones.
RHB Investment in a note on Friday (June 9) said that about 88% of Gamuda’s outstanding order book is from overseas, thus warranting its upgrade, implying a 20% upside and circa 3% FY2024 (Jul) yield.
The implication of the MCO also meant that the group was unable to progress projects, but it continued to incur certain fixed costs such as rental costs, staffing, and borrowing costs that reflected into a weak financial performance the last couple of years, said the group.