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Gamuda's order book outstanding


’s decline in earnings for the first half of financial year ending July 31,2021 (FY21) could be just a bump on the road as its performance is expected to improve in the second half of the year, driven by a pick-up in construction activities and property sales as well as strong order book replenishment prospect.
The company’s net profit for the first half ended Jan 31,2021 contracted 33% year-on-year (y-o-y).
This was due to the partial return of the movement restraint, which resulted in reduced activities at construction projects, slower progress at property projects and lower traffic at toll roads.
Its construction unit was hurt by the downsized MRT2 contract. ....

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The Edge  |  Raine & Horne International Zaki+Partners Penang housing Property Monitor (4Q2020): Transaction volume expected to spike


After a year of battling the Covid-19 pandemic, there does not seem to be an end in sight with many countries continuing to impose lockdowns, albeit of differing severity. In Malaysia, the third wave of the outbreak and the subsequent Movement Control Order (MCO) 2.0 have added to the uncertainties in the country’s economic outlook.
However, amid the current turmoil, there is some good news for Penang. In presenting the 4Q2020 Penang Housing Property Monitor, Raine & Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh says data from the National Property Information Centre (Napic) shows that the state’s property market saw a major spike in terms of transaction volume in 3Q2020, and he expects this trend to have continued into 4Q2020. ....

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