EcoWorld International core net loss to narrow in 4QFY22F, says CGS-CIMB
“We expect core net loss to narrow in 4QFY22F, supported by the handover of units in EcoWorld-London projects.
Gamuda, IJM Corp and HSS likely MRT 3 tender bidders, says CGS-CIMB
KUALA LUMPUR (Dec 10): CGS-CIMB Research sees Gamuda Bhd, IJM Corp Bhd and HSS Engineers Bhd as likely potential front-runners for the Mass Rapid Transit Line 3 (MRT 3) project’s civil work tenders.
Maju Expressway defaults on RM50m bond principal
KUALA LUMPUR (June 15): Maju Expressway Sdn Bhd (MESB) has defaulted on its RM50 million bond principal after failing to redeem its outstanding amount, according to facility agent CIMB Investment Bank Bhd.
Nationwide MCO could shave 0.3 percentage point per month from 2021 GDP growth, warns CGS-CIMB
KUALA LUMPUR (May 11): The nationwide movement control order (MCO) could take away 0.
Stricter movement controls to drag recovery plays, says CGS-CIMB
KUALA LUMPUR (May 6): Rising Covid-19 cases, the reimplementation of the movement control order or MCO 3.
EcoWorld’s unit issues RM180m sukuk
KUALA LUMPUR (March 24): Eco World Development Group Bhd (EcoWorld) said its wholly-owned subsidiary Eco World Capital Services Bhd has established a sukuk wakalah programme of RM500 million in nominal value.
Implementation of new accounting standards to trim Sime Darby Property FY21-22 earnings by 10%-14% — CGS-CIMB Research
KUALA LUMPUR (Feb 5): The implementation of the IAS 23 borrowing cost accounting standard in Sime Darby Property Bhd's financial year ending Dec 31, 2021 (FY21) is likely to cut its earnings for FY21 to FY22 by 10% to 14%, according to CGS-CIMB Research.
Contractors to feel pinch of higher steel prices, says CGS-CIMB
KUALA LUMPUR (Feb 5): The overall potential negative earnings impact of rising steel prices may further weigh on the earnings recovery of contractors as contract awards slow, according to CGS-CIMB Research.
Nazir Razak weighs in on controversial book by former AG Tommy Thomas
KUALA LUMPUR (Feb 4): Former CIMB Bank Group Bhd chairman Datuk Seri Nazir Razak (pictured) said Tan Sri Tommy Thomas’ assertion that the May 13 riots were due to a coup by Tun Abdul Razak in the former Attorney-General (AG)’s book entitled ‘My Story: Justice in the Wilderness’ is “pure conjecture”.
CGS CIMB: Recovery of construction sector relies on govt infrastructure development
PETALING JAYA (Jan 18): Uncertainties are looming over the nation’s construction sector as political instability, meshed with the movement control order (MCO) implementation, are dampening the speed of the sector’s recovery, but analysts are seeing some silver linings backed by Budget 2021’s infrastructure allocation.
