Gamuda bags RM1.77 bil Singapore MRT project
This project is part of Singapore’s 15-kilometre (km) Cross Island Line Phase 2 (CRL2) Mass Rapid Transit (MRT) line, which is also Singapore’s eighth MRT line, comprising six stations.
RHB IB upgrades IJM Corp on strong earnings and prospects, raises target price to RM2.21
The research house said IJM Corp’s job replenishment trend has improved, and the group is well-positioned to take on upcoming major projects, such as the civil work packages for Mass Rapid Transit 3, the New Pantai Expressway extension — estimated at RM1 billion — and to be supported by some warehouse and semiconductor facilities projects.
MRCB 3Q net profit down on lower revenue from property development, construction segments
MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).
OSK's 3Q earnings up 9% despite lower contributions from property, construction segments
OSK said, in a filing with Bursa Malaysia on Monday, that it recorded stronger sales revenue for its power cable and industrialised building system (IBS) wall-panel manufacturing, driven by both local and export sales.
Kerjaya Prospek’s RM404.35m job from EcoFirst’s unit falls through
Kerjaya Prospek said it will be taking necessary steps under the letter of award (LOA) after advice from its solicitors “to enforce its right to recover the pre-agreed damages payable stated in the LOA, which is due and payable by BCM to [wholly owned subsidiary] Kerjaya Prospek (M) Sdn Bhd”.
Vestland secures RM240 mil contract for main building works in KL
The construction company said its wholly owned subsidiary Vestland Resources Sdn Bhd (VRSB) had secured the award from Ambang Besar Sdn Bhd.
CGS-CIMB is 'double overweight' on construction sector on govt policy continuity
The research house had earlier noted that investors were increasingly concurring with its view that the government's messaging of its medium-term plans and strategies have become clearer.
Steel industry headwinds may persist into 2024 amid uninspiring demand, overcapacities, says RHB
“These shifts have unveiled structural changes in China, as steel consumption transitions from the real estate sector to infrastructure and manufacturing, reflecting the challenges in its property market.
The REAL deal: Towards testing all buildings for quality
CIDB’s bid to elevate the quality of Malaysian buildings is laudable and a move in the right direction.
