Malaysia data centre plays face further risks, JPMorgan warns as it downgrades Sunway Construction, Gamuda
Construction stocks, in particular, have declined, but premium price multiples have not been fully reversed, JPMorgan said on Friday.
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.
Malaysia's data centres unaffected by US AI chip export restrictions, says deputy Miti minister
Liew Chin Tong said the Malaysian government will take a cautious, evaluative stance to better understand how these proposed restrictions might influence future developments and partnerships.
Construction to see another decent year after record domestic contracts in 2024 — HLIB
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
Construction stocks extend decline sharply as SunCon falls over 10%
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
AI and data centres to transform future of energy systems, says MD of World Economic Forum
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.
Data-centre proxy stocks decline; experts warn against early bottom fishing
“The incoming Donald Trump administration is unlikely to reverse the outgoing Joe Biden’s policies.
Bintai Kinden gets approval for regularisation plan, confident measures will help exit PN17
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.
AZRB redesignates MD Wan Zakariah as executive vice-chairman after over three years of vacancy
“The board is confident in Wan Zakariah’s ability to fulfill this role, given his extensive experience and leadership as the group managing director,” the company said.
Gamuda in the running for second, third Penang LRT work packages, say analysts
Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.
