MY Morning Wrap | Sunway Construction's Subsidiary Lands RM418 Million Sub-Contract for Data Centre M&E Works
Stocks to watch: SunCon, Genting Plantations, MCE and CIMB.
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.
MY Morning Wrap | Gamuda JV Secures AUD 1.6bn Contract in Australia
Stocks to watch: Gamuda, Ancom Nylex, T7 Global.
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.
MY Morning Wrap | ILB Group Acquires Solar Energy Company and Assets for RM98 Million
Stocks to watch: Pavilion REIT, ILB, and PGF Capital.
Express News | EKOVEST Surges Over 7.7%, Rises For 7th Straight Day