CIMB Securities Sdn Bhd upgraded Malaysia’s technology shares to "overweight" from "neutral" on improving earnings visibility led by growing demand for artificial intelligence (AI).
The sector “has entered a new upcycle with a potential for valuation re-rating”, CIMB analyst Mohd Shanaz Noor Azam wrote in a report on Thursday. “We expect to see a stronger utilisation pick-up, especially from the second half of 2024 onwards.”
Accelera...
The sector “has entered a new upcycle with a potential for valuation re-rating”, CIMB analyst Mohd Shanaz Noor Azam wrote in a report on Thursday. “We expect to see a stronger utilisation pick-up, especially from the second half of 2024 onwards.”
Accelera...
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Malaysia saw a 13 per cent jump in approved investments to RM83.7 billion for the January to March 2024 (1Q24) period, the Malaysian Investment Development Authority (Mida) said.
Of this, more than half came from foreign investors, while domestic investments made up the balance 43.8 per cent.
About 51 per cent of investments were for manufacturing, 47 per cent for services and 1.7 per cent for primary ...
Of this, more than half came from foreign investors, while domestic investments made up the balance 43.8 per cent.
About 51 per cent of investments were for manufacturing, 47 per cent for services and 1.7 per cent for primary ...
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Eco World Development Group Bhd (EcoWorld Malaysia) is disposing of industrial land measuring 123.141 acres in Kulai, Iskandar Malaysia, to Microsoft Payments (M) Sdn Bhd for RM402.3mil.
The property developer said the land is located within its Eco Business Park VI (EBP VI) development.
“Over the past several years, EcoWorld Malaysia has experienced a strong surge in demand for industrial products under its Eco Business Parks pillar.
“This enabled the gr...
The property developer said the land is located within its Eco Business Park VI (EBP VI) development.
“Over the past several years, EcoWorld Malaysia has experienced a strong surge in demand for industrial products under its Eco Business Parks pillar.
“This enabled the gr...
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Kinergy Advancement Bhd (KAB) has won an engineering contract valued at RM29.5 million from Mah Sing Group Bhd.
KAB will provide supply, delivery, installation, testing, commissioning, and maintenance of electrical and extra low voltage (ELV) works for 1,526 service apartment units at Persiaran Eco Cascadia in Johor Bahru.
This marks the 14th contract won by KAB after it bagged a RM31.04 million contract to undertake electrical works for mul...
KAB will provide supply, delivery, installation, testing, commissioning, and maintenance of electrical and extra low voltage (ELV) works for 1,526 service apartment units at Persiaran Eco Cascadia in Johor Bahru.
This marks the 14th contract won by KAB after it bagged a RM31.04 million contract to undertake electrical works for mul...
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Gamuda Bhd’s wholly owned subsidiary, Gamuda Engineering Sdn Bhd has secured a RM928.6mil contract from Pearl Computing Malaysia Sdn Bhd.
In a filing with Bursa Malaysia, Gamuda said the contract was for the mechanical, electrical and plumbing (MEP) fit-out works associated with a hyperscale data centre in Elmina Business Park 1A.
It said the scope of works includes fit-out, testing and commissioning of mechanical, electrical and plumbing works for the ...
In a filing with Bursa Malaysia, Gamuda said the contract was for the mechanical, electrical and plumbing (MEP) fit-out works associated with a hyperscale data centre in Elmina Business Park 1A.
It said the scope of works includes fit-out, testing and commissioning of mechanical, electrical and plumbing works for the ...
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Malaysia's port sector is experiencing significant growth driven by increasing trade volumes and strategic investments aimed at enhancing capacity and infrastructure. Here’s an overview of the current landscape, key projects, and future prospects for Malaysian ports:-
Key Ports and Current Performance
Port Klang: As one of Malaysia's largest ports, Port Klang recorded its highest container handling volume in hist...
Key Ports and Current Performance
Port Klang: As one of Malaysia's largest ports, Port Klang recorded its highest container handling volume in hist...
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Salcon Bhd has secured a sewerage treatment plant contract worth RM9.71mil from Rantau Urusan (M) Sdn Bhd.
In a filing with Bursa Malaysia, Salcon said Envitech Sdn Bhd, a 60%-owned subsidiary of Salcon Engineering Bhd, which in turn is a wholly-owned subsidiary of the company accepted the letter of award from Rantau Urusan.
The 20-month contract involves the design and construction of a sewage treatment plant to cater for a population o...
In a filing with Bursa Malaysia, Salcon said Envitech Sdn Bhd, a 60%-owned subsidiary of Salcon Engineering Bhd, which in turn is a wholly-owned subsidiary of the company accepted the letter of award from Rantau Urusan.
The 20-month contract involves the design and construction of a sewage treatment plant to cater for a population o...
$BHIC(8133.MY$
Boustead Heavy Industries Corp Bhd (BHIC), which is 64.99%-indirectly owned by the Armed Forces Fund Board (LTAT), has secured a contract worth RM43.6 million from the Ministry of Defence for the in-service support for its Royal Malaysian Navy Prime Minister Class submarines.
The award is an expansion of the scope of work of an earlier contract awarded in May 2023, which amounted to RM99.8 million and which ended...
Boustead Heavy Industries Corp Bhd (BHIC), which is 64.99%-indirectly owned by the Armed Forces Fund Board (LTAT), has secured a contract worth RM43.6 million from the Ministry of Defence for the in-service support for its Royal Malaysian Navy Prime Minister Class submarines.
The award is an expansion of the scope of work of an earlier contract awarded in May 2023, which amounted to RM99.8 million and which ended...
Powerwell Holdings Bhd's wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd has accepted a job from One Ocean Environment Sdn Bhd for the supply of low voltage switchboards for the Proposed Development of Sg. Rasau Water Supply Scheme (Stage 1) Selangor for RM22.05mil.
In a filing with Bursa Malaysia, the group said the contract was for Package 1 – design and build of proposed Rasau intake, raw water pumping mains, water treatment plant and associ...
In a filing with Bursa Malaysia, the group said the contract was for Package 1 – design and build of proposed Rasau intake, raw water pumping mains, water treatment plant and associ...
KKB Engineering Bhd is well-positioned to be a beneficiary of the rollout of water supply projects in Sarawak.
Sarawak Premier Tan Sri Abang Johari Tun Openg had recently said that Sarawak requires an expenditure of RM1.1 billion to upgrade the state's entire water pipeline system, which would span roughly 2,740 kilometre.
RHB Research is upbeat about this development, as KKB had previously been involved in water supply-rela...
Sarawak Premier Tan Sri Abang Johari Tun Openg had recently said that Sarawak requires an expenditure of RM1.1 billion to upgrade the state's entire water pipeline system, which would span roughly 2,740 kilometre.
RHB Research is upbeat about this development, as KKB had previously been involved in water supply-rela...
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