Analysts foresee Gamuda Bhd (KL:GAMUDA) to bag more project portfolios in the data centre (DC) sector, after the engineering and construction company recently secured contracts for the construction of a hyperscale DC in Elmina Business Park, with a combined value of RM1.7 billion.

Construction outfit TRC Synergy Bhd (KL:TRC) said it has secured a RM142.34 million subcontract for the "proposed transformation" of a state legislative building.

Favelle Favco Bhd said it is spending A$39.8 million (RM123.98 million) to develop two units of single-storey logistic warehouses on its freehold land near Sydney, Australia.

MKH Bhd (KL:MKH) said its net profit fell 17.23% to RM20.74 million for its second quarter ended March 31, 2024 (2QFY2024), from RM25.06 million a year earlier, dragged down by lower unrealised foreign exchange gains. Earnings per share dropped to 3.59 sen from 4.34 sen previously.

Engineering and construction company Gamuda Bhd (KL:GAMUDA) announced on Friday that it has secured contracts worth a combined value of RM1.74 billion to build a hyperscale data centre for Sime Darby Property Bhd (KL:SIMEPROP) at the latter’s Elmina Business Park.

Property developer Scientex Bhd (KL:SCIENTX) said on Friday it is acquiring land in Seberang Perai, Penang for RM462.50 million to expand its land bank for future development.

Taiwan-based Siliconware Precision Industries Co Ltd broke ground on Friday for its semiconductor packaging and testing facility worth RM6 billion at Bandar Cassia Technology Park in Penang.

The end of the diesel fuel subsidy would not impact UEM Sunrise’s performance and service delivery, the developer assured stakeholders in a media release yesterday.

According to a report by URBANET, “property values tend to increase in proximity to green spaces”, making buying a home close to parks in the neighbourhood a smart investment.

Shares of utilities-to-hotels conglomerate YTL Corporation Bhd (KL:YTL) and its related stocks on Friday snapped consecutive days of rally despite notching earnings growth in their third quarter (3QFY2024) financial results.