Gamuda Hits Record High: Analysts Optimistic About Malaysia's Construction Sector

Gamuda announced the securing of an AUD 1.6 billion (MYR 5 billion) contract on Thursday. The stock price has risen by more than 80% since the beginning of the year. Analysts are optimistic about Gamuda's performance and predict that the prospects of Malaysia's construction industry will further improve in the second half of 2024.

ColumnJul 19 05:37 ET

Bursa Malaysia KLCI Index Soars to Three-Year Peak, What's Next?

Among these constituent stocks, the top 10 performers have seen gains of over 19% this year, with Sunway leading the way with a 100% increase, followed closely by YTL Group with a gain of over 90%. In terms of sector performance, the construction sector is leading the way.

ColumnJul 18 05:08 ET

Malaysia Stocks Surge As AI Building Boom Fuels Longest Rally In 13 Years

Malaysian equities are on a tear led by builders and suppliers on the back of an AI-driven data centre boom, putting a long-overlooked market back on the radar of global investors. Malaysia's benchmark KLCI is hovering near three-and-a-half-year highs and up five quarters in a row, its longest streak in 13 years.

Business TodayJul 18 04:24 ET

Malaysia Targets 5% Approved Investment Growth This Year

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia is aiming for a 5% growth in approved investments in 2024.

Business TodayJul 18 04:17 ET

With 53% Ownership, MN Holdings Berhad (KLSE:MNHLDG) Insiders Have a Lot Riding on the Company's Future

Yahoo FinanceJul 17 19:36 ET

Malaysia's AI Investments Ranks 44th While Singapore Leads ASEAN Countries At 3rd, Liew Tells Parliament

The Government is always proactive in attracting high-quality investments, including investments in Artificial Intelligence (AI) to enhance technological capacity development, thereby contributing towards establishing the country as a digital investment hub.

Business TodayJul 17 03:57 ET