Nestcon secures RM32m contract for mixed-use development in Damansara Perdana
The construction outfit stated the works awarded are related to a large-scale mixed-use development in Damansara Perdana, Selangor.
KLCCP Stapled Group appoints Salem Kailany as CEO
KLCCP Stapled Group (KL:KLCC) has appointed Datuk Mohd Salem Kailany as the chief executive officer of KLCC Property Holdings Bhd and KLCC REIT Management Sdn Bhd, effective from Nov 1, succeeding Datuk Md Shah Mahmood.
Construction stocks slip as govt shies away from new megaprojects
Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.
Analysts upbeat on Gamuda's end-2024 order book target of RM35b
Gamuda Bhd (KL:GAMUDA) is targeting a RM35 billion order book by the end of 2024, on the back of both international and domestic projects, positioning it for strong growth in the financial year ending July 31, 2025 (FY2025), analysts said.
Budget 2025 may see higher allocation for transport infrastructure despite tight finances — RHB IB
Despite tight government finances, Malaysia’s upcoming Budget 2025 may still see higher allocations for transportation-related infrastructures and incentives to spur homeownership, said RHB Investment Bank.
Incentives for Forest City set to boost real estate sector — RHB
The recently announced incentives for Forest City’s Special Financial Zone (SFZ) are expected to uplift the real estate sector, particularly in the Iskandar Malaysia region.
AME Elite’s 1Q net profit drops 37% on lower property, construction contributions
AME Elite Consortium Bhd's (KL:AME) net profit for its first quarter ended June 30, 2024 (1QFY2025) dropped 36.7% to RM14.72 million from RM23.27 million a year earlier, due to lower contributions from property development and construction services, as well as share of loss from joint ventures.
Cahya Mata reports over 26% 2Q profit jump on stronger profit margin
Cahya Mata Sarawak Bhd (KL:CMSB) said on Tuesday its second quarter net profit jumped 26.6% year on year, driven by stronger gross profit margin in its cement and oiltools divisions due to lower clinker cost and the sale of higher margin products.
Eupe Corp sees Bangsar land yielding RM300 mil in GDV
Eupe Corp Bhd (KL:EUPE) said on Thursday a piece of recently acquired land in Bangsar, Kuala Lumpur could yield a gross development value (GDV) of RM300 million
IJM Corp shares rise to over two-week high on RM561m contract wins
IJM rose as much as 20 sen or over 6% to RM3.40, its highest since Aug 2, 2024.
