Transport Minister Anthony Loke has expressed disappointment over repeated breakdowns on the LRT Kelana Jaya Line, which has disrupted travel for thousands of Klang Valley commuters on Tuesday.
Sunway Construction Group Bhd (KL:SUNCON) rose to new record highs on Tuesday after the builder reported a set of results that exceeded market expectations.
Full-year earnings per share rose to 27.74 sen from 14.50 sen.
“The government is currently reviewing the proposal before presenting it to the Cabinet for a decision.”
Kerjaya Prospek Group Bhd (KL:KERJAYA) has received a RM502.27 million contract from Tanjung Pinang Development Sdn Bhd for the execution and completion of reclamation and dredging works for the Seri Tanjung Pinang (Phase 2B and 2C) Development (STP2) in Penang.
Transport Minister Anthony Loke told the Dewan Negara on Monday that the delayed Light Rail Transit 3 (LRT3) line is set to be operational by June this year.
RHB Investment Bank (RHB IB), which cut Econpile Bhd’s (KL:ECONBHD) earnings forecasts and target price, still expects its share price to almost double to 44 sen over the next 12 months. The stock was trading at 22.5 sen earlier.
FBG Holdings Bhd (KL:FBG) has secured a RM238.1 million contract for the main building works of a 25-storey hotel above the existing The Mall, Mid Valley Southkey in Johor Bahru.
Seal Inc Bhd (KL:SEAL) is relinquishing control over its 31.50-acre reclamation project in Penang to a unit of Penang property developer GSD Land (M) Sdn Bhd to reduce financial risk and funding pressure during the project’s long gestation period.
Johan Holdings Bhd (KL:JOHAN) said its 80%-owned unit is selling a hotel in Lumut, Perak, and three adjoining parcels of land for RM47.43 million in cash—a value that almost doubled its market capitalisation of RM24.33 million as of Monday (Feb 16).
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