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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).
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