Gamuda, MMC Engineering Likely to Lead Penang LRT Cross-Sea Link Bid -- Market Talk

Dow Jones04-03

0115 GMT - Gamuda and MMC Engineering could be the lead contractors of the Penang light rail transit Mutiara Line project, particularly its 6km cross-sea link, Maybank IB analyst Yin Shao Yang says in a note. The project, linking Malaysia's Penang Island to Seberang Perai, is expected to be awarded by July, with construction starting in 2027 and completion by 2031, he notes. Due to its complexity, the job value is estimated between 5 billion ringgit and 8 billion ringgit, he says. The project appears complex as it requires high structural rigidity and a 62-meters vertical clearance, he reckons. Subcontracting opportunities may go to YTL, Malaysian Resources and Dhaya Maju Infrastructure, he adds. Maybank maintains a positive rating on Malaysia's construction sector. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

April 02, 2026 21:15 ET (01:15 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2624636263?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-03 09:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624636263","market":"nz","top_or_hot":-1,"title":"Gamuda, MMC Engineering Likely to Lead Penang LRT Cross-Sea Link Bid -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0115 GMT - Gamuda and MMC Engineering could be the lead contractors of the Penang light rail transit Mutiara Line project, particularly its 6km cross-sea link, Maybank IB analyst Yin Shao Yang says in a note. The project, linking Malaysia's Penang Island to Seberang Perai, is expected to be awarded by July, with construction starting in 2027 and completion by 2031, he notes. Due to its complexity, the job value is estimated between 5 billion ringgit and 8 billion ringgit, he says. The project appears complex as it requires high structural rigidity and a 62-meters vertical clearance, he reckons. Subcontracting opportunities may go to YTL, Malaysian Resources and Dhaya Maju Infrastructure, he adds. Maybank maintains a positive rating on Malaysia's construction sector. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2026 21:15 ET (01:15 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gamuda, MMC Engineering Likely to Lead Penang LRT Cross-Sea Link Bid -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGamuda, MMC Engineering Likely to Lead Penang LRT Cross-Sea Link Bid -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-03 09:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0115 GMT - Gamuda and MMC Engineering could be the lead contractors of the Penang light rail transit Mutiara Line project, particularly its 6km cross-sea link, Maybank IB analyst Yin Shao Yang says in a note. The project, linking Malaysia's Penang Island to Seberang Perai, is expected to be awarded by July, with construction starting in 2027 and completion by 2031, he notes. Due to its complexity, the job value is estimated between 5 billion ringgit and 8 billion ringgit, he says. The project appears complex as it requires high structural rigidity and a 62-meters vertical clearance, he reckons. Subcontracting opportunities may go to YTL, Malaysian Resources and Dhaya Maju Infrastructure, he adds. Maybank maintains a positive rating on Malaysia's construction sector. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2026 21:15 ET (01:15 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2624636263","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624636263","pubTimestamp":1775178900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0115 GMT - Gamuda and MMC Engineering could be the lead contractors of the Penang light rail transit Mutiara Line project, particularly its 6km cross-sea link, Maybank IB analyst Yin Shao Yang says in a note. The project, linking Malaysia's Penang Island to Seberang Perai, is expected to be awarded by July, with construction starting in 2027 and completion by 2031, he notes. Due to its complexity, the job value is estimated between 5 billion ringgit and 8 billion ringgit, he says. The project appears complex as it requires high structural rigidity and a 62-meters vertical clearance, he reckons. Subcontracting opportunities may go to YTL, Malaysian Resources and Dhaya Maju Infrastructure, he adds. Maybank maintains a positive rating on Malaysia's construction sector. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","MMC":"Marsh & McLennan","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","BK4173":"保险经纪商","BK4581":"高盛持仓","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","BK4559":"巴菲特持仓","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","BK4588":"碎股"},"translate_title":"Gamuda和MMC Engineering可能主导槟城轻轨跨海线路投标——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMC":1.5},"content_text":"0115 GMT - Gamuda and MMC Engineering could be the lead contractors of the Penang light rail transit Mutiara Line project, particularly its 6km cross-sea link, Maybank IB analyst Yin Shao Yang says in a note. The project, linking Malaysia's Penang Island to Seberang Perai, is expected to be awarded by July, with construction starting in 2027 and completion by 2031, he notes. Due to its complexity, the job value is estimated between 5 billion ringgit and 8 billion ringgit, he says. The project appears complex as it requires high structural rigidity and a 62-meters vertical clearance, he reckons. Subcontracting opportunities may go to YTL, Malaysian Resources and Dhaya Maju Infrastructure, he adds. Maybank maintains a positive rating on Malaysia's construction sector. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2026 21:15 ET (01:15 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624636263","isCrawlerRequest":true}