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Any Malaysian who has to balik kampung for the festive season will undoubtedly know that Penang experiences traffic congestion that is almost as bad as the Klang Valley on a regular working day.
Data centre projects along with semiconductor factories and industrial warehouses are expected to drive orderbook replenishments for the construction sector in Malaysia.
KUALA LUMPUR: The rollout of the Penang Light Rail Transit (LRT) is a boon for the construction sector as the jobs pipeline is expected to remain strong, from both the civil and private sectors, said MIDF Research. The research firm ...
KUALA LUMPUR: Gamuda Bhd is the clear winner of recent news that the Cabinet has greenlit the Penang LRT project, Hong Leong Investment Bank Bhd (HLIB) research said.The firm said the government aims to wrap up negotiations within six ...
KUALA LUMPUR: Econpile Holdings Bhd is expected to secure additional projects with the potential upturn in the construction sector, leveraging its prominent position in railway projects. RHB Research stated in a note that the Penang Light Rail Transit may potentially ...
Notable filings
During the week of March 4 to 8, notable changes in the shareholding of companies publicly traded on Bursa Malaysia included those at Pan Malaysia Holdings Bhd.
Exsim Hospitality Holdings Sdn Bhd triggered a mandatory general offer (MGO) afte...
RHB Investment Bank (RHB IB) has maintained its “buy” rating on Econpile Holdings Bhd at 48 sen with a higher target price (TP) of 71 sen (from 51 sen) and said it is optimistic on Econpile’s outlook to secure more projects in the next two years including mega projects — Sungai Klang Link elevated highway (SKL) and Mass Rapid Transit (MRT) 3 — which may lead to a turnaround in the financial year 2025 (FY2025).
Bursa Malaysia ended the morning trading session lower on Friday as cautious sentiments in regional markets prevailed, dealers said.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 3.44 points to 1,540.31 from Thursday's close of 1,543.75.