Gamuda seen exploring overseas opportunities
We believe it has the experience, capacity and right capabilities to secure and execute overseas projects as local demand has dwindled.
Better earnings likely for Glomac over next two years
Key contributor of 1QFY19 sales was Plaza @ Kelana Jaya (Block B launched in June, gross development value (GDV) RM144 million, 60% sold).
Higher property sales seen to lift Tiong Nam’s 2QFY19 earnings
Management said the group secured new sales of RM10 million from Tiong Nam Business Park @ Batu Pahat 8 project year to date (YTD).
WCT Holdings’ TRX Lifestyle Quarter job win seen to boost order book for another three to four years
WCT had completed several shopping complex projects which include Bahrain City Centre, MyTown Shopping Centre, Bukit Tinggi Shopping Centre and The Curve Shopping Centre.
Construction sees more uncertainty
The benchmark KL construction index has plunged 28.9% since the 14th general election to close at 199.76 points yesterday.
Resilient 3Q seen for Scientex’s property unit
Scientex’s property division is expected to chalk up a resilient 3QFY18.
Low construction visibility seen in medium term
Going forward, we expect competition in project tenders to intensify and project margins may have to be compromised as the contractors compete for smaller pies.
Sunway 1Q net profit within expectations
Group’s unbilled sales of RM947 million and outstanding construction order book of RM4.6 billion (external jobs only) should provide earnings visibility for the next two to three years.
Promising growth outlook for Scientex
On property, operating profit for 1HFY18 increased by 14.9% y-o-y to RM111.9 million attributable to strong progress billing and good take-up rates.
IJM earnings for FY19, FY20 seen to be higher with LRT3 job win
This is the seventh major construction job secured by IJM just before closing financial year 2018.
