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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Maybank’s RM20 Billion JS-SEZ Exposure Signals Early Monetisation of Johor-Singapore Growth Corridor

Malayan Banking Bhd’s latest disclosure points to more than just deal volume,  it provides  early evidence that the Johor-Singapore Special Economic Zone (JS-SEZ) is beginning to attract meaningful capital flows , positioning the bank at the forefront of a multi-year regional growth theme. Early Signs of Capital Formation in JS-SEZ Malayan Banking Bhd  has facilitated  RM20 billion (US$4.9 billion) in financing and investments  tied to the JS-SEZ, spanning corporate, mid-market and consumer segments. More notably, the bank has supported the establishment of  nine family offices in Johor , signalling: Rising wealth inflows into the corridor Growing demand for  cross-border structuring and asset allocation Early-stage development of a  regional wealth management hub This suggests the SEZ is  moving beyond policy ambition into execution phase , where capital deployment is already taking shape. From Policy Framework to Investable Theme The JS-SEZ...

China Powers Up: Record Grid Spending Signals Long-Term Infrastructure Push

Simple Summary China’s grid investment hit a  record high in 2025  and is set to keep rising through 2030, as Beijing moves to  clear power transmission bottlenecks , support  AI-driven electricity demand , and integrate massive renewable capacity. What’s Happening China’s electricity grid spending climbed  5% to 639.5 billion yuan  in 2025, according to the  China Electricity Council . This contrasts with  slower investment in new power generation , where solar development has faced recent constraints. Who’s Driving the Spend China’s two dominant grid operators: State Grid Corp of China China Southern Power Grid Co have steadily lifted capital expenditure, with  combined budgets nearing 1 trillion yuan in 2026  and expected to grow through the end of the decade. Where the Money Is Going Key focus areas include: Ultra-high-voltage (UHV) transmission lines , linking over  420GW of capacity by 2030 Expansion of the  West-to-East ...

6 Stocks Making Waves: Water Deals, Solar Moves, and a Telco Retail Shake-Up

From  Gamuda’s 40-year water infrastructure win  to  CelcomDigi’s futuristic “Life” stores , these six companies made headlines on Bursa Malaysia today: Gamuda (KL:GAMUDA) Water infrastructure deal secured. Gamuda + PKNPk JV will develop and operate RM5 billion worth of water treatment and distribution systems in Northern Perak for  at least 40 years .  Bonus: Will supply water to Kerian Integrated Green Industrial Park and sell surplus to Penang. Kawan Renergy (KL:KENERGY) RM38.81 million contract awarded. Secured a project from Gas Malaysia Energy Advance to  build a gas turbine co-generation system  at FGV IFFCO’s Port Klang facility. Duration: 20 months | Payment: In stages by milestone. Tan Chong Motor (KL:TCHONG)  UMA alert triggered! Shares  spiked 44% intraday  to 83.5 sen — highest in nearly a year. Closed up 36% at 79 sen with  29.6M shares traded . YTD gain:  +92%  Bursa wants answers. Pekat Group (KL:PEKAT) Rai...

Adani Secures $207M Private Loan for Australian Coal Port Expansion

Adani Group has successfully secured a $207 million private credit loan  to refinance debt for its  North Queensland Export Terminal (NQXT)  in Australia. The financing marks  a significant recovery milestone  for the Indian conglomerate after last year’s legal troubles. 💰 Key Loan Details 🔹  Loan Amount:  A$330 million ( US$207 million ) 🔹  Lenders:   King Street Capital Management  &  Sona Asset Management 🔹  Loan Term:   Six years 🔹  Purpose:   Refinance debt due in June 2025 📌  Why It Matters:  Adani’s ability to secure new funding signals  renewed investor confidence  after its  bribery scandal fallout in November 2024 . 💬  Industry insiders:   "Adani’s stocks and bonds have largely recovered in value after last year’s steep declines." 🏗️ Adani’s Growing Private Credit Strategy 🔹  Adani has increasingly relied on private credit lenders  to finance its...

Bumiputera Contractors Secure RM15.09 Billion in Highway Projects

As of Q3 2024, highway-related projects worth  RM15.09 billion  have been awarded to  Bumiputera contractors , nearing last year's total allocation of  RM15.1 billion , according to Deputy Works Minister Datuk Seri Ahmad Maslan. Key Highlights Increased Participation :  1,631 G1 Bumiputera companies  secured RM335 million in projects this year, a slight increase from the RM333 million awarded to 1,585 companies in 2023. Infrastructure Development : This reflects the growing contribution of Bumiputera contractors to Malaysia’s infrastructure projects, showcasing their capability and commitment. Matchmaking Programme The announcement was made during the  Bumiputera Contractors Association with Highway Concessionaires Matchmaking Programme , aimed at further boosting Bumiputera participation in highway projects. Statements from Officials Ahmad Maslan emphasized the programme’s role in enhancing Bumiputera contractors’ economic share. Senior officials from...

IJM Earnings Forecast: Growth Prospects on the Horizon

  Market Performance IJM Corp (3336.MY) , focused on  construction, infrastructure , and  real estate , saw its stock surge  100% to RM3.76  this year before retracing to a  64% gain , trading around its  20-day moving average . Consensus target price:  RM3.68 , offering a potential  20.3% upside , with  7 Buy  and  2 Neutral  ratings from analysts. Key Business Updates Strategic Acquisitions : Acquiring  50% stake in UK-based JRL  for  RM283 million , boosting its order book by  £1.5 billion , ensuring earnings predictability for three years. Major Projects : Potential beneficiary of the proposed  RM6 billion underground flood tunnel system  in Malaysia. Successfully secured  RM1.9 billion in contracts  in FY2025, including: A  data center in Johor . An  industrial facility in Penang . Total order book:  RM7.9 billion , including uncompleted orders worth  RM6 bil...

TA Securities Predicts RM403.7 Billion Allocation for Malaysia’s Budget 2025

TA Securities Holdings Bhd expects Budget 2025 to feature an allocation of RM403.7 billion , with RM305.7 billion allocated for operating expenditure and RM97.9 billion for development expenditure. This forecast suggests a reduction in the fiscal deficit to 3.7% of GDP in 2025, down from a projected 4.2% in 2024 , moving towards the government's 3.5% target by 2026 . The growth in government revenue, forecasted to rise 5.7% to RM325.3 billion , will be driven by increases in both direct and indirect taxes , as the economy expands at an expected rate of 5% in 2025. The services and manufacturing sectors , along with wage increases and private investments , are projected to support this growth. Key initiatives in Budget 2025 are expected to include measures supporting public infrastructure projects like the Mass Rapid Transit 3 (MRT3) and high-speed rail (HSR) , digital economy investments , and sustainable development related to energy transition . Additionally, sectors l...