Construction stocks slip further as investors continue to cut exposure to M'sian data centre plays
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, fell to a fresh three-month low of 263.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, fell to a fresh three-month low of 263.
The industrial land, located in Daerah Seberang Perai Tengah, is situated along Jalan Perindustrian Bukit Minyak 18 and runs parallel to the North-South Expressway.
“Turning KL from a 12-hour city to a 24-hour city, bringing universities and R&D centres, and creating rental housing in the inner city retrofitted from older buildings, could be transformative for KL.
The EPIQ platform has uncovered 12 new residential launches, with completions ranging from 2024 to 2027.
“Looking forward to 2025, we anticipate the market will continue to grow, driven by residential development, emerging sectors such as data centres and renewable energy, as well as key infrastructure projects that will rekindle past interests and open up new investment opportunities,” said Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman.
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
Data centres currently account for approximately 1% of global electricity demand, with projections indicating this could rise to 3% by 2030, according to WEF managing director Mirek Dušek.
“The incoming Donald Trump administration is unlikely to reverse the outgoing Joe Biden’s policies.
Bintai fell into the PN17 status after its external auditors flagged the company’s ability to stay as a going concern — an accounting parlance that casts doubt on an organisation’s resources and income to stay afloat — in the financial statements for the financial year ended March 2023.