Construction job awards expected to pick up
Earnings delivery of construction players with robust order books would be in the limelight as major infrastructure project progress accelerates.
Al-Salam REIT’s 1QFY16 earnings below expectations
Al-Salam REIT is currently assessing a mixed asset (commercial and retail) for acquisition, which could lift its total investment property value above the RM1 billion mark.
CMMT’s 1QFY16 results in line with expectations
Year-on-year (y-o-y) earnings growth was largely supported by additional contributions from its new assets and improved profits from Gurney Plaza and East Coast Mall. However, we remain cautious about Sungei Wang Plaza (SWP), which could limit near-term earnings.
MRCB-Quill REIT’s next catalyst just around the corner
We understand that the acquisition of Menara Shell is still in progress, and injection into MRCB-Quill REIT (MQREIT) could take place in early 2017.
Sunway Construction’s job win momentum seen persisting into 2016
Leveraging on its experience in Klang Valley mass rapid transit 1 (KVMRT 1), KVLRT 2 and Sunway bus rapid transit (Sunway BRT), it could clinch contracts from KVMRT 2, KVLRT 3 and KL-Klang BRT.
