05 Apr '11, 2am

Malaysia Daily Bulletin – 05/04/11: Malaysian Resources Corp To Benefit From Government Jobs Under ETP Malaysian…

Malaysian Resources Corp To Benefit From Government Jobs Under ETP Malaysian Resources Corp (MRC) is expecting more government jobs under the Economic Transformation Programme (ETP), having bid for projects worth over RM2b. MRC has secured the development of the 6-star St Regis Hotel at Kuala Lumpur Sentral in Brickfields, and the River of Life project under the ETP, which OSK Research estimates to be worth RM8b to RM10b. Among the projects MRC is bidding for are packages A and B of the LRT extension project, worth RM1b and RM600m respectively. Meanwhile, MRC, which has RM4.2b worth of ongoing property projects, plan to launch three new developments valued at RM2.6b between May and December this year. MRC aims to grow the company’s revenue by 20% to RM1.3b and achieve RM150m in profit before tax (PBT) in 2011. For fiscal 2010, MRC posted a PBT of RM97.6m on revenues of RM1...

Full article: http://www.sharesinv.com/articles/2011/04/05/malaysia-dai...

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