MRCB’s net profit surges 346% on lower expenses, higher share of results from associates, JVs
KUALA LUMPUR (Feb 25): Malaysian Resources Corp Bhd (MRCB)’s net profit surged 346% to RM26.
SunCon 4Q net profit marginally lower, declares 2.75 sen dividend
KUALA LUMPUR (Feb 23): Sunway Construction Group Bhd (SunCon)’s net profit came in marginal lower by 4.
Kejuruteraan Asastera wins RM23.4m Agile Embassy Garden job
KUALA LUMPUR (Feb 22): Kejuruteraan Asastera Bhd (KAB) has secured a contract worth RM23.
Mitrajaya bags RM200m construction job in Putrajaya
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.
ECRL contractor gives 31 local project partners awards of excellence
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.
Malaysia-only HSR line would have similar earnings impact on local construction firms — Affin Hwang
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.
Construction sector to see earnings recovery in 2021, Affin Hwang predicts
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.
See Hup secures RM99m ECRL contract
KUALA LUMPUR (Jan 27): See Hup Consolidated Bhd has secured a RM99.
Advancecon bags RM60.6m ECRL subcontract
KUALA LUMPUR (Jan 26): Advancecon Holdings Bhd has bagged a RM60.
CGS CIMB: Recovery of construction sector relies on govt infrastructure development
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.
