Econpile bags RM101m job for SoHo project in KL
“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2024 onwards.
Maybank IB expects Gamuda’s core net profit to hit RM1b mark in FY2025
In a note on Monday, the research house said Gamuda’s FY2023 CNP grew 7% year-on-year, another record high, as contributions from overseas engineering and construction (E&C) jobs offset earnings foregone post the sale of its tolled highways in October 2022.
Knusford hits two-and-a-half-year high after Lim Kang Hoo proposes consolidation of group biz under Ekovest
On Wednesday, Lim proposed to undertake a reorganisation, rationalisation and merger proposal involving companies in which he is a major shareholder, namely Knusford, Ekovest, Iskandar Waterfront Holdings Sdn Bhd (IWH), and Iskandar Waterfront City Bhd (IWCity).
Gamuda hits all-time high after posting RM1.84 bil profit in FY2023
On Wednesday, Gamuda reported that its net profit rose to RM1.
Gamuda's FY2023 net profit crosses RM1b on disposal of highways; overseas construction revenue surges fourfold to RM3.5b
“Property sales rose to an all-time high of RM4.
SPNB sues ex-CEO, contractors for alleged fraud, seeks over RM141m in damages
SPNB Aspirasi claimed to have been defrauded to ink a development agreement valued at RM108 million in 2015 with a Tunas Manja Development & Construction (KL) Sdn Bhd, which was falsely portrayed to be a subsidiary of TMDC through fake documents which Ahri and Azizi approved.
Ho Hup proposes 10% private placement to raise RM12.4m to pay sub-contractors, repay borrowings
The company noted that it has not undertaken any fundraising exercises in the past 12 months prior.
Central Global files lawsuit over outstanding payments from Penang apartment construction job
The lawsuit was filed by Proventus Bina — a wholly-owned subsidiary of CIC Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of CGB — against Tang Kae Shih, who acts as a surety on behalf of the project’s main contractor Simbol Era Sdn Bhd.
CIDB leads delegation of 21 Malaysian companies at Construction Indonesia 2023
The building and engineering products and services promoted include the industrialised building system (IBS), building information modelling (BIM), formwork system, advanced building materials, equipment and machinery and other related construction technologies.
Kenanga keeps ‘overweight’ call on building material sector after 2Q2023 results
Kenanga is positive on the aluminum sector due to the stable price of the commodity and demand for cable support systems in the near term, but the same cannot be said for the steel sector amid the sluggish property sector, according to its sector note on Thursday KUALA LUMPUR (Sept 14): Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).
