RHB Investment Bank Research has maintained its 'buy' rating for Gamuda Bhd (KL:GAMUDA) at RM5.58, with a higher target price of RM6.55 (from RM6.30), and said it is upbeat on the prospects Ho Chi Minh City (HCMC) has for Gamuda’s property arm.

The average cost of fitting out an office in Singapore rose 4.4% from S$180 (RM627) psf in 2022 to S$188 psf last year, according to a report by international property consultancy Cushman & Wakefield (C&W).

Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit Golden Wave Sdn Bhd (GWSB) has applied with the High Court to be placed under judicial management.

Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, officially revealed its luxury serviced apartment development Times Square 2 on Saturday (May 18).  

Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd at RM1.80 with a higher target price (TP) of RM2 (from RM1.93) and said it expects Kerjaya’s 1Q2024 net profit to come in stronger year-on-year, but flat quarter-on-quarter.

The Construction Research Institute of Malaysia (CREAM), a research institute by the Construction Industry Development Board of Malaysia (CIDB), has entered into a collaboration with fly ash supplier ACE Greencemt Sdn Bhd through a memorandum of agreement (MOA) to conduct a study, specifically on fly ash, to promote green concrete for a sustainable construction industry.

Pansar Bhd (KL:PANSAR) has secured a RM30.1 million contract to undertake facilities management and maintenance for the Borneo Cultures Museum and annex building at the Sarawak Museum Complex in Kuching.

AirAsia MOVE, the travel super-app by Capital A Bhd (KL:CAPITALA), has inked a memorandum of understanding with The Commune Mall to offer exclusive discounts spanning flights, hotels and rides deals to patrons of the mall.

Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).

GreenRE Sdn Bhd on Thursday awarded AEON Mall Mean Chey in Phnom Penh, Cambodia, with Gold certification under the non-residential category.