Rail theme still main construction sector driver in 2H17

Construction sector Maintain overweight: Public transport operator Prasarana Malaysia Bhd has awarded the light rail vehicle (LRV) package for the light rail transit 3 (LRT3) to a consortium comprising CRRC Zhuzhou Locomotive Co Ltd, Siemens Ltd China, and Tegap Dinamik Sdn Bhd, according to news reports yesterday.

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Sunway sells hotel property to Sunway REIT

KUALA LUMPUR (Aug 4): Sunway Bhd is disposing of its Sunway Clio property to Sunway Real Estate Investment Trust (Sunway REIT) as it wants to eliminate any conflict of interest with regard to the property.

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