Company Overview and News

Construction counters dip as govt retenders MRT2 underground work

2018-10-08 theedgemarkets
KUALA LUMPUR (Oct 8): Construction counters this morning reacted negatively to news of the government's decision to retender MRT2's underground work, after terminating MMC-Gamuda KVMRT Sdn Bhd as the contractor.
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Risk of order book reductions seen with infrastructure job cuts

2018-10-05 theedgemarkets
Construction sector Maintain neutral: The outlook for the construction sector remains challenging as the federal government is reviewing ongoing infrastructure projects to reduce costs by 20%-33%. Projects that could be affected include the Klang Valley mass rapid transit Line 2 (MRT2) and light rail transit Line 3 (LRT3), Pan Borneo Highway (PBH) and Gemas-Johor Baru Electrified Double Tracking (EDT).
2852 9261 3204 5226 6238 5924 5263 5054 9679 5085 7078

KLCI falls 0.38% in tandem with regional retreat

2018-10-05 theedgemarkets
KUALA LUMPUR (Oct 5): The FBM KLCI fell 0.38% at mid-morning today, tracking fragile regional markets.
UPBMF 7113 TPGVF BATS 4162 2291 5202 2089 9334 6033 9113 4634 TGLVY 5139 PNADF 5226 3301 NDAQ 0900 6888 5819 AXXTF 1902 PNAGF

Gabungan AQRS lists new warrants B

The warrants, which came free, opened at 30.5 sen, touching a low of 29 sen and closing at its high of 30.5 sen. Some 8.64 million warrants were traded for the day.
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KLCI down 0.36% on sustained weaker sentiment

2018-10-04 theedgemarkets
KUALA LUMPUR (Oct 4): The FBM KLCI retreated at mid-morning today on sustained weaker sentiment at the domestic market.
7083 5183 5172 PECGF BATS 4162 5014 5199 4634 KLKBY 2445 5226 4456 5347 3026 0026 TNABY MYPRY 2836 TNABF HIPEF

Gabungan AQRS up on positive prospects, bonus issue

2018-09-06 theedgemarkets
KUALA LUMPUR (Sept 6): Gabungan AQRS Bhd shares rose as much as 8 sen or 7% to RM1.18 so far today, after shareholders approved yesterday, the builder and property developer's proposed bonus issue of 123.65 million new warrants. The bonus issue will be undertaken on the basis of one warrant for every four existing shares held.

Gabungan AQRS shares up 6.3% on brighter prospects

KUALA LUMPUR: Shares of Gabungan AQRS Bhd rose as much as 6.3% in early trade today, as the company sees brighter prospects for financial years ending Dec 31, 2019 (FY19) to FY21.

7-Eleven, Affin Bank, Gabungan AQRS, Hengyuan, XOX, Nylex, Ancom, Utusan, Globaltec, Censof and DNeX

2018-09-05 theedgemarkets
KUALA LUMPUR (July 5): Based on corporate announcements and news flow today, companies in focus on Thursday (Sept 6) may include: 7-Eleven Malaysia Holdings Bhd, Affin Bank Bhd, Gabungan AQRS Bhd, Hengyuan Refining Co Bhd, XOX Bhd, Nylex (Malaysia) Bhd, Ancom Bhd, Utusan Melayu (Malaysia) Bhd, Globaltec Formation Bhd, Censof Holdings Bhd and Dagang NeXchange Bhd (DNeX).
5226 5754 4456 PSKXF 5220 PHSXY PSE BCOR 5195

Gabungan AQRS sees brighter prospects for FY19-FY21

2018-09-05 theedgemarkets
KOTA DAMANSARA (Sept 5): Gabungan AQRS Bhd expects better performance for financial years ending Dec 31, 2019 (FY19) to FY21, buoyed by its construction, property development and precast component manufacturing businesses.

Bursa stays firm as trade talks fizzle out

REVIEW: Major developments cropped up over the past week on several fronts. On the domestic scene, the cancellation of the East Coast Rail Link (ECRL) project put an end to a potential turnaround in parts of the construction sector.
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CIMB Research: Fewer mega rail jobs in 2019

PETALING JAYA: The cancellation of the East Coast Rail Link (ECRL) may lead to fewer mega rail contracts next year, according to CIMB Research.
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Report: Malaysian ECRL workers in limbo, firms’ shares nosedive after project axed

2018-08-22 malaymail
KUALA LUMPUR, Aug 22 ― The Malaysian workers in the East Coast Link Railway (ECRL) workers in Pahang are in a quandary after the prime minister confirmed the cancellation of the project in Beijing yesterday.
5226 BSMAF 1818

Construction, material stocks take a dive

PETALING JAYA: Several construction and building materials companies saw their share prices take a dive yesterday following the announcement on the cancellation of the East Coast Rail Link (ECRL) project.
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Malaysia stocks close higher ahead of holiday

2018-08-21 theedgemarkets
KUALA LUMPUR (Aug 21): Malaysia stocks closed marginally higher today, ahead of the Hari Raya Haji public holiday tomorrow (Aug 22).
HLFBF 7528 5226 1015 1082 2836 AMMHF 1163 3719

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