News about construction

KUALA LUMPUR (March 9): Hong Leong Investment Bank Bhd (HLIB) has lowered its target price on IJM Corp Bhd to RM1.

KUALA LUMPUR (March 5): The recent political developments that led to the change in government have dimmed the bright spots for the construction sector, said CGS-CIMB Research, given concerns over the implementation of new infrastructure projects that have been planned by the preceding government under Tun Dr Mahathir Mohamad.

KUALA LUMPUR (March 2): Central Global Bhd said today its 51%-owned subsidiary has secured a contract from Simbol Era Sdn Bhd worth RM42.

KUALA LUMPUR (Feb 27): JAKS Resources Bhd reported a net profit for its fourth quarter ended Dec 31, 2019 (4QFY19) at RM17.

KUALA LUMPUR (Feb 26): IJM Corp Bhd’s net profit nearly halved to RM49.

KUALA LUMPUR (Feb 25): Mega First Corp Bhd’s fourth quarter net profit more than doubled to RM84.

KUALA LUMPUR (Feb 25): Ekovest Bhd saw its net profit fall 33.

KUALA LUMPUR (Feb 25): Affin Hwang Capital Research has downgraded the construction sector to “Underweight” from Overweight amidst the political uncertainties following the resignation of Prime Minister (PM) Tun Dr Mahathir Mohamad (and his re-appointment as interim PM).

KUALA LUMPUR (Feb 24): Kimlun Corp Bhd’s wholly-owned unit has bagged a RM92.

KUALA LUMPUR (Feb 24): While some China construction firms are creating a bad reputation in the local construction industry with shoddy workmanship and tardy deliveries, MCC Overseas (M) Sdn Bhd (MCCOM), a Chinese state-owned entity, hopes Malaysians will not tar every China-based construction company with the same brush.