PETALING JAYA: Analysts are generally bullish on the prospects of engineering and construction giant Gamuda Bhd, on the back of a record-high order book, its chances of securing further projects such as in the mass rapid transit three (MRT3) and its presence in overseas markets that could cushion its risk exposure to any single country.
SIX months after reopening its borders, Malaysia is seeing a return of foreign patients seeking medical care, say healthcare providers. “[Since April 1,] we have seen an increasing trend of health tourists coming to seek treatment at Sunway Medical Centre. In August, we saw more than five times the growth of health tourist numbers in our hospital compared with April, with over 31,000 international patient visits recorded from January to July,” Sunway Healthcare Group managing director Datuk Lau Beng Long tells The Edge.
CONSTRUCTION outfit Kerjaya Prospek Group Bhd and South Korea-based Samsung C&T Corp are actively bidding for large-scale infrastructure and industrial construction projects in Malaysia after entering into a partnership in June and are confident of securing their first joint project worth at least RM800 million this year, according to people with knowledge of the matter.
Sunway share price drifts lower after opening on firm note despite S pore govt s investment in healthcare arm theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Malaysia Builder Rally Hots Up as Pump-Priming Signs Appear Bloomberg 1 hr ago Chan Tien Hin
(Bloomberg) A rally in Malaysian builders is gathering pace in the wake of more contract wins and a revival in mega infrastructure projects in the country.
Kerjaya Prospek Group Bhd., one of Malaysia’s biggest contractors, said Friday it won its first job of 2021, sending its shares to a 20-month high this week. TCS Group Holdings Bhd. said that same day it secured its maiden infrastructure job linked to an expressway project. A gauge of 51 builders is up 16% from a Feb. 3 low, trouncing the FTSE Bursa Malaysia KLCI Index.