News about construction

KUALA LUMPUR (Feb 10): Mitrajaya Holdings Bhd has bagged a RM200 million contract to build a transit-oriented development in Putrajaya, which is about equivalent to its market capitalisation, from Putrajaya Development Sdn Bhd.

KUALA LUMPUR (Feb 8): East Coast Rail Link (ECRL) project contractor China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) is awarding 31 of its local and Bumiputera project partners with the Award of Excellence for Year 2020.

KUALA LUMPUR (Feb 4): The implementation of a Malaysia-only High Speed Rail (HSR) line would have a similar impact on earnings for the Malaysian construction sector as the now-cancelled Kuala Lumpur-Singapore HSR line.

KUALA LUMPUR (Feb 4): The construction sector is expected to post an earnings recovery in 2021 following the government’s plans to pump-prime the economy, opined Affin Hwang Capital Research senior associate director Loong Chee Wei.

KUALA LUMPUR (Jan 27): See Hup Consolidated Bhd has secured a RM99.

KUALA LUMPUR (Jan 26): Advancecon Holdings Bhd has bagged a RM60.

PETALING JAYA (Jan 18): Uncertainties are looming over the nation’s construction sector as political instability, meshed with the movement control order (MCO) implementation, are dampening the speed of the sector’s recovery, but analysts are seeing some silver linings backed by Budget 2021’s infrastructure allocation.

KUALA LUMPUR (Jan 18): Hong Leong Investment Bank (HLIB) Research has initiated coverage of GDB Holdings Bhd at 98.

KUALA LUMPUR (Jan 16): Bamboo flooring manufacturer Kanger International Bhd has diversified into the construction business by signing six deals totalling RM495.

KUALA LUMPUR (Jan 4): The government's move to replace the cancelled Kuala Lumpur-Singapore High Speed Rail project (KL-Singapore HSR) with the Kuala Lumpur-Johor Baru HSR (KL-JB HSR) will still be positive for the construction sector, say analysts.