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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.

Singapore Budget 2026: Fiscal Firepower Meets Structural Transformation

Prime Minister  Lawrence Wong  will deliver  Singapore Budget 2026  on  February 12 at 3:30 PM , marking the first Budget under the 15th Parliament. If Budget 2025 focused on recovery,  Budget 2026 signals a pivot toward high-quality, sustainable growth. Macro Backdrop: Strong Surplus, Stronger Leverage After a resilient 2025: GDP growth:  4.8% (advance estimate) Operating revenue:  S$98.5B (first 9 months) Corporate tax:  +11.6% YoY Key point: Singapore enters Budget 2026 with meaningful fiscal surplus and policy flexibility. This “dry powder” gives policymakers room to: Cushion cost-of-living pressures Accelerate green and digital transformation Strengthen long-term competitiveness 1️⃣ Cost-of-Living Relief — But Targeted Markets expect: Continued  utilities and transport subsidies SME rebates for rentals and utilities Extension of transfer schemes However, broad stimulus is unlikely. Relief will be precise, not expansionary — balancin...

WCE Holdings’ Losses Widen as Interest and Tax Expenses Offset Toll Growth

Financial Performance & Challenges WCE Holdings Bhd (WCEHB) reported a net loss of RM88.56 million in 3QFY2025 , compared to  RM22.39 million in the same period last year . Losses were  driven by high interest costs (RM56.17 million) and tax expenses (RM61.91 million) , despite strong toll collections. EBITDA surged 94% YoY to RM23.9 million , signaling operational profitability. Toll Collection & Revenue Toll revenue more than doubled to RM32.58 million , attributed to higher  average daily traffic . Overall revenue declined by 52.6% YoY to RM84.24 million  due to lower billings from its construction arm after the completion of three more expressway sections. Expressway Development & Future Outlook 7 out of 11 sections of the West Coast Expressway (WCE) are operational , covering  170km across Selangor and Perak . The 8th section, linking SKVE and Shah Alam Expressway, opened on Jan 22, 2025 . Final 3 sections are under construction , with full comp...