Construction stocks running ahead of fundamentals, says MIDF Research
"As of writing, we think the sector is still lacking solid catalysts which extend beyond the current visibility."
Matrix Concepts’ Indonesian JV to kick off in two months
“It is an integrated mixed development comprising commercial towers with office and retail components, which has a gross development value worth US$500 million and will be developed over eight years.”
Matrix expects FY19 performance to at least match FY18’s
Affordable housing will drive group’s growth in FY19.
Guan Eng hopeful of early ECRL talks
Guan Eng said the reduction in price was crucial for the ECRL project to proceed.
MRCB closes 2018 lower on absence of disposal gain, re-timing of LRT3 job
The group's net profit for the financial year ended Dec 31, 2018 (FY18) dropped 37.5% to RM101.17 million from RM161.91 million in FY17, dragged down by weak quarterly earnings which fell 73.2% in the three months ended Dec 31, 2018 (4QFY18) to RM26.4 million from RM98.65 million a year ago.
Wider profit margin lifts SunCon 4Q net profit by 26.6%, declares 3.5 sen dividend
On prospects, SunCon expects to perform satisfactorily in FY19, barring any unforeseen circumstances.
‘Infrastructure projects will provide buffer for economic slowdown’
Economists believe that increasing spending on infrastructure projects could provide a buffer to any slowdown in economic growth or potential recession.
Pesona Metro bags RM409m job but terminates another worth RM371m
The terminated project is in relation to the civil works for Section 6 of the Kapar Interchange to Asam Jawa Interchange of the privatisation of the West Coast Expressway.
MRCB gets RM323m SUKE job
In a filing with Bursa Malaysia yesterday, MRCB said its wholly-owned subsidiary MRCB Builders Sdn Bhd had on Jan 23 received the letter of acceptance from Turnpike Synergy for the work package.
MCT top brass resign, gets two new directors
Including its CEO Jose Juan Z Jugo who resigned from his position.
