Kenanga Research maintains overweight on construction sector

KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.

READ MORE

Three outfits said to be on shortlist for LRT3 PDP

KUALA LUMPUR (June 22): Three outfits — a joint venture between Naza TTDI Sdn Bhd and China’s CSR Zhuzhou Electric Locomotive Co Ltd (Naza TTDI- CSR Zhuzhou JV), a partnership involving Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd (MRCB-George Kent JV), and UEM Group Bhd — are understood to be the front runners for the role of project development partner (PDP) in the proposed RM9 billion third light rail transit line (LRT3).

READ MORE