Daily Industry News Update (13 August 2022)

Near-term outlook for property sector to remain unexciting, says MIDF

MIDF Research has maintained its “Neutral” rating on property sector and said it sees near-term outlook for property sector to remain unexciting due to the oversupply concern.

MGB bags another housing contract from LBS unit worth RM172 mil

MGB Bhd has bagged another housing contract in Dengkil, Selangor from a unit of its major shareholder LBS Bina Group Bhd. The latest contract, worth RM172.34 million, is for the