The Malaysian construction industry grew by an estimated 1.5% in real terms in 2021, following an annual decline of 19.4% in 2020
The industry's output in 2021 was supported by an improvement in wider economic activity and more favorable external demand. Despite remaining stable in the first half of last year, construction activities plummeted in the third quarter of 2021, due to weakness in civil engineering, residential and non-residential building construction activity.
As a result, the Malaysian construction industry contracted by 2.6% year on year (YoY) in the first three quarters of 2021, according to the Department of Statistics Malaysia (DOSM). The industry is expected to have registered positive growth in the final quarter of 2021, supported by a fall in Coronavirus (COVID-19) infections and the subsequent relaxation of restrictions. However, severe flooding towards the end of Q4 2021 may slow growth in early Q1 2022
growth is inevitable, this time hosehh for construction as the Malaysian parliament passed the government's budget for 2022, approving an expenditure of MYR332.1 billion ($81.8 billion). The budget includes an allocation of MYR75.6 billion ($18.6 billion) for development expenditure, as well as a number of incentives to improve employment rates and support businesses WOOHOOO
to be fair market mmg is bad all this while so dont expect much on the New PM after effect, plus previously already up one wave no correct back down is within expectation
AGES had a gross profit margin of 12.56% in the current quarter, which was significantly higher than other construction material trading companies, i mean if we are looking at Unitrade, they are having a 7.55% gross
Building information modeling (BIM) is one of the more promising developments in the architecture, engineering, and construction fields.
It is changing the way contractors and engineers do business, but its application is still relatively new and there is much to learn.
One way to learn is from observing how other businesses are using BIM and their trials and tribulations along the way. BIM was introduced over a decade ago mainly to distinguish the information-rich architectural 3D modeling from the traditional 2D drawing.
It is being acclaimed by its advocates as a lifesaver for complicated projects because of its ability to correct errors early in the design stage and accurately schedule construction.
Although over recent years, the term “building information modeling” or “BIM” has gained widespread popularity, it has failed to gain a consistent definition.
According to Patrick Suermann, PE, a National Building Information Model Standard (NBIMS) testing team leader, “BIM is the virtual representation of the physical and functional characteristics of a facility from inception onward. As such, it serves as a shared information repository for collaboration throughout a facility's life cycle.”
The National Institute of Building Sciences (NIBS) sees it as “a digital representation of physical and functional characteristics of a facility…and a shared knowledge resource for information about a facility forming a reliable basis for decisions during its life cycle, defined as existing from earliest conception to demolition.”
But generally speaking, BIM technology allows an accurate virtual model of a building to be constructed digitally. Completed computer-generated models contain accurate and well-defined geometry and pertinent data required to facilitate the construction, fabrication, and procurement activities necessary to realize the final building.
fundamentally everything is still good, performance wise it's still good.Best of all it is trading way below the net asset value of 1.22.& very very low PE ratio.& still making profit....mind you all not many companies can make profit in an environment like now.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
aarowsiewkh
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Posted by aarowsiewkh > 2022-11-21 11:41 | Report Abuse
Relax relax, budget 2023 + construction sector are slowly recovering now