Daily Industry News Update (27 May 2021)

INDUSTRY NEWS (27 MAY 2021)

CIDB to enhance monitoring, enforcement of SOPs at construction sites

The Construction Industry Development Board (CIDB) has given the assurance that monitoring and enforcement of the prescribed standard operating procedures (SOPs) at construction sites will be enhanced to curb the spread of the Covid-19 pandemic. CIDB chief executive Datuk

Strong order book to sustain SunCon

Sunway Construction Group Bhd (SunCon) is optimistic that its strong order book will be able to tide the company over the next two years. As at December 2020, SunCon’s order book stood at RM5.1bil, according to its chairman Datuk Goh Chye Koon. “We anticipate the

Buy Genting on future prospects despite dismal financial performance

Genting Bhd is still regarded as a good candidate for recovery play despite such optimism not being reflected in its recent financial results. In Kenanga Research’s view, business should pick up quickly for Genting once travelling restriction are lifted which was witnessed earlier with

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