Daily Industry News Update (10 February 2021)


Rumah Idaman-related projects likely to boost MGB’s earnings

Stronger earnings led by more property launches and a ready construction order book is likely for MGB Bhd going forward. RHB Research has maintained a “buy” call on the stock and raised its target price from 88 sen to RM1.02 a share. It expects a stronger financial year-FY20-22 net

Reinstate MyHome scheme after country recovers

The government has been urged to reinstate the Private Affordable Ownership Housing Scheme 2.0 (MyHome) which provides up to RM30.000 incentive to first home buyers when the country’s financial position has improved. WSG Group Managing Director Datuk Susan

Cloudy construction outlook from 12MP uncertainty

Uncertainty surrounding the tabling of the 12th Malaysia Plan (12MP) scheduled for March 2021, prior to th e declaration of a stat e of emergency nationwide from January 12 to August 1, 2021, has reinforced Amlnvestment Bank Bhd’s (Amlnvestment Bank) underweight stance

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