Gamuda's 3Q profit rises 6% to RM235.8m, driven by overseas projects
Quarterly revenue grew 20.
Quarterly revenue grew 20.
Shenton House covers 3,377 sq m and is designated for commercial use with a gross plot ratio (GPR) of 11.
It said the programme has been assigned a long-term credit rating of AA3 with a stable outlook by RAM Rating Services Bhd, on the back of the group's "earnings visibility backed by its unbilled sales of RM852 million as at March 31".
The proposed MLFF system is estimated to cost RM3.
“We prefer players involved in the value chain of data centre construction over operators, as they also benefit from a surge in investment by hyperscalers.
“Overall collection has also improved significantly over the past few months.
Upon completion of the acquisition, Sunway pointed out that the acquisition will also entail financial requirements to fund the future development of Sakura Residence.
Gamuda's core net profit could come in between RM230 million and RM250 million for the third quarter ended March 31, 2024 (3QFY2024), the research house said in an earnings preview note.
The RTS, which is currently 65% finished and expected to start running in 2026, will make it much easier for people to travel between the two areas, boosting economic activity.
The construction firm announced that its wholly owned subsidiary, Grand Dynamic Builders Sdn Bhd (GDBSB), had accepted a letter of award for the construction of Plot B of a logistics hub from Strategic Sonata Sdn Bhd.