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Matrix Concepts Holdings Bhd (Nov 16, RM2.

Construction sector Maintain overweight: According to a news report, Transport Minister Datuk Seri Liow Tiong Lai has cited a change in alignment, a longer tunnel link and a weak ringgit as the reasons for the cost of the East Coast Rail Link (ECRL) project jumping to RM55 billion from RM29 billion.

KUALA LUMPUR (Nov 17): Auditor-General Tan Sri Ambrin Buang (pictured) said his department and the Malaysian Anti-Corruption Commission (MACC) have yet to receive any instruction to be part of the executive committee for the RM55 billion East Coast Rail Link (ECRL) project.

GEORGE TOWN (Nov 16): Penang Chief Minister Lim Guan Eng (pictured) today asked state Gerakan chairman Teng Chang Yeow to provide proof that the DAP-led state government stood to gain RM220 million in profit if it did not cancel an agreement with Ideal Properties to develop Pulau Jerejak.

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).

PETALING JAYA (Nov 16): Hua Yang Bhd has marked its entry into Penang’s property market with its maiden residential project, Meritus Residensi, located at Jalan Baru, Seberang Perai, Penang.

KUALA LUMPUR (Nov 16): S P Setia Bhd is expected to see strong fourth quarter earnings, due to the handover of the property developer's two overseas projects, according to RHB Research Institute Sdn Bhd.

KUALA LUMPUR (Nov 16): The DAP’s Tony Pua (pictured) said that Transport Minister Datuk Seri Liow Tiong Lai’s attempts to justify the increase in price from RM29 billion to RM55 billion for the proposed East Coast Rail Link (ECRL) raises many more questions than answers.

Malaysian real estate investment trusts Maintain overweight: Concerns over tightening US interest rates are not expected to have a dampening impact on Malaysian real estate investment trusts (MREITs), in our view.

Kuala Lumpur Kepong Bhd (Nov 15, RM23.