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Malaysia's construction sector to normalise to RM25 bil this year, says HLIB Research

2017-01-04 theedgemarkets
KUALA LUMPUR (Jan 4): The Malaysian construction sector is expected to see downward normalisation this year, in which the domestic contract is projected to come in at RM25 billion, after achieving a record higher base in 2016, according to Hong Leong IB Research (HLIB).

Breakfast briefing: Thursday, October 13

MarketWrap: The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after US Federal Reserve minutes and investors waited on earnings reports. - Reuters The DJIA rose 15.54 points, or 0.09%, to 18,144.2, the S&P 500 gained 2.45 points, or 0.11%, to 2,139.18 and the Nasdaq dipped 7.77 points, or 0.

KLCI to trade range bound, hover at 1,670 level

2016-10-12 theedgemarkets
KUALA LUMPUR (Oct 13): The FBM KLCI  is expected to trade range bound today and hover around the 1,670 points level, following the dour overnight close at most global markets.

MTD ACPI, Perisai, N2N Connect, Hibiscus, Crest Builder, Zhulian, Scicom and Top Glove

2016-10-12 theedgemarkets
KUALA LUMPUR (Oct 12): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Thursday, Oct 13) could include: MTD ACPI Engineering Bhd, Perisai Petroleum Teknology Bhd, N2N Connect Bhd, Hibiscus Petroleum Bhd, Crest Builder Holdings Bhd, Zhulian Corp Bhd, Scicom (MSC) Bhd and Top Glove Corp Bhd.   MTD ACPI Engineering Bhd, responding to a media report that it may become a reverse takeover vehicle for a construction outfit, confirmed today that it has received several corporate proposals from various parties.

Hwa Tai, Solution Engineering, SLP, Crest Builder, Astral Supreme

2016-06-14 www2.theedgemarkets
KUALA LUMPUR (June 14): highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum while two had negative momentum.   Stocks that showed positive momentum were :

Breakfast briefing: Tuesday, June 14

MarketWrap: Wall Street stumbled for a third straight session on Monday as tech stalwarts Microsoft and Apple dragged on indexes and investors braced for major economic and political events in the United States and Europe. - Reuters The DJIA closed down 132.86 points, or 0.74%, to 17,732.48, the S&P 500 lost 17.01 points, or 0.81%, to 2,079.06 and the Nasdaq dropped 46.11 points, or 0.94%, to 4,848.

Crest Builder clinches RM438mil contract

PETALING JAYA: Crest Builder Holdings Bhd has clinched a RM438.3mil contract to build residential and commercial buildings at Sime Darby Property’s KL East development in Setapak.

Crest Builder unit gets RM438m construction job from Sime Darby

2016-06-13 www2.theedgemarkets
KUALA LUMPUR (June 13): Crest Builder Holdings Bhd's unit Crest Builder Sdn Bhd has clinched a construction contract from Sime Darby Bhd's unit Sime Darby Melawati Development Sdn Bhd worth RM438.29 million.

Eye on stock

CREST Builder Holdings Bhd (Cresbld, Code 8591) shares dropped to a three-year low of 84 sen on April 8 amid extended correction process.

Breakfast briefing: Thursday, April 21

MarketWrap: Wall Street ended less than 2% short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports. Driven 15% higher since mid-February by a recovery in weak oil prices and helped by a softer dollar, the S&P 500 stood less than 30 points below last May's all-time peak. - Reuters DJIA rose 0.24% to end at 18,096.27 points, the S&P 500 gained 0.

Breakfast briefing: Wednesday, April 20

MarketWrap: The S&P 500 climbed closer to a record high on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson. After dipping into negative territory and then recovering, the S&P 500 ended less than 2% short of last May's record high close, with investors laser-focused on a growing flow of first-quarter earnings scorecards. - Reuters DJIA rose 0.27% to 18,053.6 points, the S&P 500 gained 0.

Prasarana to develop projects worth RM4bil

Prudent approach: Ismail(right) says the projects will optimise the use of underutilised land along the LRT and monorail networks

KLCI to extend consolidation, defend 1,700 level

2016-04-19 theedgemarkets
KUALA LUMPUR (April 20): The FBM KLCI is expected to extend its consolidation phase today despite the firmer overnight close at global markets given the lack of fresh domestic catalysts but defend its 1,700 level.

Mah Sing, Integrated Logistics, Cycle & Carriage Bintang, Crest Builder, Hong Leong Industries, Syarikat Takaful Malaysia and Boustead Heavy Industries Corp

2016-04-19 theedgemarkets
KUALA LUMPUR (April 19): Based on corporate announcements and news flow today, companies in focus on Wednesday (April 20) are Mah Sing Group Bhd, Integrated Logistics Bhd, Cycle & Carriage Bintang Bhd, Crest Builder Holdings Bhd, Hong Leong Industries Bhd, Syarikat Takaful Malaysia Bhd and Boustead Heavy Industries Corporations Bhd.