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DescriptionPROPOSED ESTABLISHMENT AND LISTING OF A REAL ESTATE INVESTMENT TRUST ("REIT") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("PROPOSED REIT ESTABLISHMENT AND LISTING
KUALA LUMPUR, July 12 — Hong Leong Investment Bank Bhd (HLIB) expects positive sentiment for the construction sector coming from the Johor-Singapore Special Economic Zone (JS-SEZ) finalisation and Budget 2025.
HLIB said 2H 2024 could finally see sizeable public infrastructure projects coming to the fore. Several projects to be rolled out in the near term include the Penang LRT (RM10 billon), Sabah-Sarawak Link Road Phase 2 (RM7.4 billion), Northern Coastal Sarawak road, Sabah hydro and water, Penang airport expansion and critical flood mitigation projects. WCT have chance...
We are encouraged that WCT is once again winning jobs,” CGS International said in a note to clients. WCT has secured RM461 million worth of new jobs year-to-date, putting the company on track to meet its own target of RM2 billion order wins for the year, the house noted.
CGS maintains an optimistic ADD rating with a higher TP of RM1.52, highlighting sustained order book growth and the potential benefits from WCTHG’s planned REIT exercise
KUALA LUMPUR (July 17): Malaysian construction stocks surged on Wednesday to their highest in more than six years, as investors bet that contract awards will pick up, spurred by public infrastructure and private projects.
KUALA LUMPUR (July 17): Hong Leong Investment Bank (HLIB) Research maintained its 'overweight' rating of the construction sector, and said domestic contract awards jumped 41% year-on-year to RM20.7 billion in the first half of the year (1H2024), driven by data centre (DC) awards.
In a sector update on Wednesday, the research house foresees potential for awards acceleration in 2H2024, driven by long delayed big-ticket infrastructure projects.
Starting Aug 1, six airlines will operate out of the airport, fondly known as the Subang Airport, to various regional destinations, said Transport Minister Anthony Loke.The six are AirAsia (Malaysia), Firefly, SKS Airways, Transnusa, Batik Air Malaysia and Scoot