Gamuda likely to face earnings risk from outcome of MRT2 renegotiation
CGSCIMB Research: We foresee earnings risk from every outcome for MRT2 (AG and UG).
Asset injections, industrial property developments seen for Axis Reit
CGSCIMB Research: We make no revisions to our FY18 to FY20 earnings per share, and dividend discount model-based TP of RM1.49, based on cost of equity of 8% and TG of 1.5%.
WCT likely to focus more on new tenders for building jobs in 2019
The pending outcome of LRT3 cost rationalisation would affect WCT’s overall job scope value and profits, for example, cancelling and/or redesigning stations.
Stronger 4Q expected for EcoWorld
Its 10MFY18 new property sales came in at RM2 billion, boosted by the launching of the #OnlyEcoWorld campaign in June 2018.
Reduction for SPLASH’s BSR a negative surprise
Selangor’s water distribution revenue deficit will be the main post restructuring focus, that is cost cuts and water tariff increases.
ECRL suspension could delay retender phase
The suspension was invoked on the grounds of “national interest”, according to MRL. It will be in effect indefinitely, or until MRL provides further instructions to CCCC.
Stronger 2H expected for Selangor Properties
The group has put mixed development Wisma Damansara under review due to the muted market outlook.
Construction sector’s contract outlook still robust
The sector’s contract outlook is still looking robust, as the government pushes on with the implementation of new public infrastructure projects
EcoWorld expects sales to improve in next few quarters
EcoWorld recorded RM602 million of new property sales in the cumulative four months of FY18 (4MFY18).
EWI seen to turn profitable in FY18
The group aims to complete the acquisitions of Kew Bridge and Aberfeldy Village sites within FY18.
