News by Yu Jien Lim

Shares of Cahya Mata Sarawak Bhd (KL:CMSB) rose to their highest in six weeks on Wednesday after the construction and building materials company reported a surge in quarterly profits.

RHB Research remains upbeat on Matrix Concepts Holdings Bhd (KL:MATRIX), citing steady recurring income from its healthcare business, Mawar Medical Centre (MMC), and stronger growth, as its ward expansion nears completion by the end of 2025.

The research house said this growth could position Johor to attain “high-income” status, driven by its strong GDP growth and population expansion.

As Singapore’s property market rebounds from a prolonged lull, Hong Leong Investment Bank (HLIB) said it is “too early to worry” and  anticipate any government cooling measures ahead of an election year.

Shares of Gamuda Bhd (KL:GAMUDA) notched a fresh all-time high on Friday, as analysts projected robust quarters ahead for the construction powerhouse, fuelled by contract wins and a strong project pipeline.

The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.

Kerjaya Prospek Property Bhd (KL:KPPROP) expects minimal impact from the hike in the minimum wage to RM1,700 from RM1,500, as announced by the government in Budget 2025.

Property developer Eastern & Oriental Bhd (KL:E&O) said on Tuesday that it had yet to see notable impact from the revamped Malaysia My Second Home (MM2H) programme on its sales.

Malaysia’s short-term rental accommodation (STRA) industry requires “fair and balanced” regulations to ensure its growth is not stifled while addressing concerns raised by traditional hotel operators, according to Airbnb.

Sabah-based Azam Jaya Bhd (KL:AZAMJAYA) ended its debut on the Main Market of Bursa Malaysia on Monday with a closing price of RM1.09, a 39.74% or 31 sen rise from its initial public offering price (IPO) of 78 sen.