KUALA LUMPUR (July 7): Econpile Holdings Bhd has been awarded a contract worth RM35.09 million to undertake the substructure works for a commercial development in Subang Jaya, Selangor. According to Econpile’s bourse filing on Friday (July 7), the construction outfit’s wholly owned unit Econpile (M) Sdn Bhd had received the letter of award from Vestland…
Read MoreKUALA LUMPUR (July 7): Fajarbaru Builder Group Bhd has secured a RM150.89 million contract for the building and related infrastructure works of an 18-storey serviced apartment and retail complex in Shah Alam, Selangor. In a bourse filing on Friday (July 7), Fajarbaru said its wholly owned Fajarbaru Builder Sdn Bhd has accepted the letter of…
Read MoreKUALA LUMPUR (July 10): RHB Investment Bank research has maintained its “neutral” rating on UOA Development Bhd (UOAD) at RM1.58 with a lower target price (TP) of RM1.71 (from RM1.86) and said the developer’s launches are going as planned and UOA Development’s new F&B business should complement its property projects. In a note on Monday…
Read MoreKUALA LUMPUR (July 10): Rakuten Trade has rated SkyWorld Development Bhd a “buy” at 80 sen with a target price (TP) of 96 sen based on the average PER of 8x and P/BV 0.8x. In a note on Monday (July 10), the research house said it expects SkyWorld to register net earnings of RM149.3 million…
Read MoreKUALA LUMPUR (July 10): Property developer SkyWorld Development Bhd made a flat debut on Main Market of Bursa Malaysia on Monday (July 10) with an unchanged open price from its initial public offering (IPO) price of 80 sen. Before Monday, Inter-Pacific Research had ascribed SkyWorld a fair value of RM1.03 per share, PublicInvest Research and…
Read MoreKUALA LUMPUR (July 8): Formerly known as MCT Bhd, the company has rebranded itself as Avaland Bhd after unveiling its new corporate image last night. A subsidiary of Ayala Land Inc which bought a majority stake in the company in 2018, Avaland has since undergone a comprehensive organisational restructuring exercise and refocused its core business…
Read MoreKUALA LUMPUR (July 7): RHB Research maintained its Overnight Policy Rate (OPR) forecast at 3.25%, in contrast with most other economists who see Bank Negara Malaysia holding on to the 3% key borrowing rate until the end of the year. “Our reading of the central bank’s move to hold the OPR steady is partly due…
Read MoreKUALA LUMPUR (July 7): Gamuda Bhd and VTAR Institute (VTAR) have signed a memorandum of understanding (MOU) to launch a new technical and vocational education and training (TVET) course for next-generation (next-gen) Digital Industrialised Building System (Digital IBS). In a press statement on Friday (July 7), Gamuda noted that this RM30 million partnership will see…
Read MoreThe Kota Sultan Ahmad Shah grand main entrance. KotaSAS to rejuvenate Pahang as its bold, new administrative capital With the high-flying goal of receiving the title of a high-income nation by the year 2025, Malaysia sees an increased focus on new infrastructure, development and standards of living nationwide. Distinctly, there is a need for townships…
Read MoreIntana Ria 3 balances the necessity of feel-good architecture and practicality. PKNS offers practical beauty in Bandar Baru Bangi With the ongoing scarcity in the market for reasonably priced housing, property developers often find themselves putting the task of artistic design to the side. Developments prioritise cost-effective amenities and their surrounding facilities rather than aesthetics,…
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