CMMT to embark on various asset enhancement initiatives
For 2017, the group will spend RM30 million for maintenance capital expenditure and AEIs.
Bina Puri concludes FY16 on a strong note
Bina Puri Holdings Bhd’s financial year ended Dec 31, 2016 (FY16) core profit of RM12.9 million came in within expectation, accounting for 102.5% of our full-year forecast. Year-on-year, its FY16 core profit surged 42.1% despite the top line was 17.8% lower at RM1.05 billion.
Sentoria’s Morib, Kuching projects contribute to record sales
Sentoria Group Bhd achieved record sales in the financial year ended Sept 30, 2016 (FY16), with new property sales leaping 144% to RM228.5 million.
Poh Huat’s 9MFY16 net profit of RM28 mil within expectations
Successful launches of several ranges of office furniture during the Malaysian furniture exhibition in March 2016 and sustained improved US business sentiment and employment boosted the sales of its office furniture.
SunCon surpasses FY16 order book replenishment target
With these job wins, SunCon has secured RM2.6 billion worth of new construction jobs year to date, and exceeded management’s full-year target and our assumption of RM2.5 billion for 2016
Poh Huat expands beyond existing bases into Australia
Company acquiring a detached warehouse cum office showroom in South Dandenong (approximately 30km south-east from Melbourne’s central business district)…
Bina Puri’s construction order book stands estimated at RM2 bil
Bina Puri Holdings Bhd has accepted the award from Arus Sutera Sdn Bhd for the role of project management consultant for the design and build of 440 flat units (5-storey walk-up flats) and associated works for Program Perumahan Rakyat (PPR), in Pitas, Sabah.
S P Setia’s recent launches garner strong interest
After a quiet start to the year, launch activities picked up greatly in 2QFY16.
Hua Yang maintains RM500m sales target for FY17
Hua Yang Bhd’s management has maintained its sales target of RM500 million for the financial year ending March 31, 2017 (FY17) despite only charting RM53.2 million of new sales in the first quarter ended June 30, 2017 (1QFY17) (11% and 14% of management’s sales target and our sales assumption, respectively).
KL-Singapore HSR project seen to boost construction sector
Given the size of the project, estimated between RM50 billion and RM60 billion, this is possibly the single biggest-ever construction project to be implemented in Malaysia. We expect the project to have an impactful boost to the local construction industry throughout the project implementation period.
