HLIB Upbeat on Sizeable Roll-outs in 2H, Names Gamuda and SunCon as Favourite Contractors
Hong Leong Investment Bank (HLIB) retained its 'overweight' call on the construction sector for the second half of the year (2H2024), anticipating the roll-out of big-ticket infrastructure contracts.
Can Anwar's Reforms Propel Malaysia To The Forefront Of High-Value Sectors?
Prime Minister Datuk Seri Anwar Ibrahim's initiatives to attract high-value sectors such as semiconductor fabrication and digital technology, expedite foreign direct investment (FDI) approvals, and improve the ease of doing business are making significant impacts on both Malaysia and the broader Asian region, Forbes Magazine reported.
Healthy Project Pipeline For Suncon, CGS Raises Outlook
Sunway Construction Group Bhd (SUNCON) experienced a potent combination of earnings upgrades and P/E re-ratings, as cited by CGS International Stock Broking House, in their report today (July 11, Thursday). CGS expects SUNCON to achieve its Fiscal Year 2024 Forecast (FY24F) new order wins of RM5.2 billion, particularly benefiting from upsizing existing data centre projects. [...]
Rebound Anticipated For Malaysia Stock Market
Ahead of Monday's holiday for the Islamic New Year, the Malaysia stock market had snapped the two-day winning streak in which it had climbed more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it may move back to the upside again on Tuesday.
Outlook for the Second Half of the Malaysian Stock Market
What should investors focus on in the macroeconomic field in the second half of 2024?
SunCon Financially Unimpacted From Song Hau 2 Termination
Sunway Construction has maintained a strong order book of RM7.9bn, ensuring earnings visibility for the next three years, as cited by RHB Investment Bank (RHB) in its Malaysia Company Update today (Jul 5, Friday).
Malaysia Closing Bell on 04 July | MRDIY Was the Top Gainer of FBM KLCI
MRDIY was the top gainer, rising 2.11 percent to close at RM 1.940. The top loser was AXIATA, losing 2.28 percent to end at RM 2.570.
Mpire, SunCon, YSP Southeast Asia, Hextar Healthcare, Dataprep, Asia Poly, Appasia, Divfex, Solid Automotive
KUALA LUMPUR (July 4): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon close on Thursday. One stock showed positive momentum, while eight stocks showed negative momentum.
A comprehensive analysis of datacenter in Malaysia from scratch!
Developers compete to build datacenters by providing land or selling it to operators.
Sunway Construction Poised For Growth With Song Hau 2 Project
The latest update centres on Toyo Ventures Holdings' (TOYOVEN MK) subsidiary Song Hau 2 Power Company achieving the financial closing date for the Song Hau 2 thermal power plant (SH2P) on June 28, a significant milestone despite pending funding details.
CGS and HLIB Maintain Bullish Outlook on IJM After 'Crucial' Maiden Data Centre Job Win
CGS International and Hong Leong Investment Bank (HLIB) said IJM Corp Bhd's (KL:IJM) recent contract win in the data centre space is strategically significant and could pave the way for many more.
Malaysia Seeks Chinese Investment to Build More Data Centers, Economy Minister Says
Malaysia is in talks with potential Chinese investors to build data centers in the Southeast Asian country, says Economy Minister Rafizi Ramli. The Malaysian government will strengthen its infrastructure offering to attract more tech companies looking to take advantage of the AI boom, Rafizi tells Bloomberg in an interview on the sidelines of the World Economic Forum in Dalian, China.
CGS Says M'sia a Prime Beneficiary of Data Centre Boom, Names Gamuda, YTL, SunCon as Top Picks
Malaysia and Indonesia are expected to be the prime beneficiaries of rising demand for data centres due to artificial intelligence (AI) growth, according to CGS International.
Titijaya, Jaycorp, Elsoft, UCrest, JAG, DPI, Southern Cable, Volcano, Haily, Hup Seng, JCY International, Censof, Datasonic, SunCon, Minho, Salcon, Gadang
theedgemalaysia.com highlighted 17 stocks with momentum at Bursa Malaysia's afternoon close on Tuesday. Three stocks showed positive momentum, while 14 stocks showed negative momentum.
Sunway Construction Rises to Record High of RM3.87 as Data Centre Job Contract Value Soars to RM3.2 Billion
Shares of Sunway Construction Group Bhd (KL:SUNCON) charted another new all-time high on Tuesday after one of its data centre contracts was upsized to RM3.2 billion from RM1.7 billion.
Data Centre Construction in Malaysia to Strengthen Job Flows, Says RHB IB
RHB Investment Bank Research (RHB IB) has maintained its 'overweight' rating for the construction and engineering sector, and said developments in terms of new data centres (DCs) appears to be a testament to Malaysia's vibrant market for DCs, which in turn benefits the construction sector in terms of providing job replenishment opportunities.
SunCon Shares off Record High After Below-view 1Q Amid Analyst Downgrades
Sunway Construction Group Bhd (KL:SUNCON) retreated on Tuesday from its all-time high amid weaker-than-expected results and growing market concerns that its shares may have peaked after beating the consensus target price.
Sunway Construction's Profit, Revenue Rise in Q1
Sunway Construction Group (KLSE:SUNCON) said its profit attributable to owners rose to 32.4 million ringgit in the first quarter, from 27.8 million ringgit a year earlier. Earnings per share went up t
EPCC Work yet to Start on Toyo's Song Hau Power Plant, Says SunCon
Engineering, procurement, commissioning and construction (EPCC) work has yet to begin on Toyo Ventures Holdings Bhd's (KL:TOYOVEN) thermal power plant project in Vietnam, said Sunway Construction Group Bhd (KL:SUNCON).
Sunway Construction Posts 16% Rise in 1Q Net Profit, Eyes More Advanced Jobs
Sunway Construction Group Bhd (KL:SUNCON), or SunCon, on Monday reported a 16.4% year-on-year (y-o-y) increase in net profit for the first quarter, thanks to higher billings in newer projects.
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