Who Stands to Gain? 📈

📍$GAMUDA / 5398 (GAMUDA BERHAD)
Gamuda, headquartered in Malaysia, is a diversified company with expertise in engineering, property development, and infrastructure projects. Renowned for its exceptional performance in the construction industry, Gamuda has successfully delivered a range of notable projects. These include the MRT Kajang Line (Line 1), MRT Putrajaya Line (Line 2), SMART Tunnel, EDTP from Ipoh to Padang Besar, LDP Expressways, etc. Moreover, Gamuda has expanded its construction activities overseas, with ventures in Australia and Taiwan. In addition to its construction ventures, Gamuda is active in the property sector through its subsidiary, Gamuda Land. Operating not only in Malaysia but also in international markets such as Singapore, Vietnam, Australia, and the UK, Gamuda Land has established a strong presence.

📍$IJM / 3336 (IJM CORPORATION BERHAD)
IJM operates across four primary business segments: construction, property development, industry, and infrastructure. Following its divestment from IJM Plantation, IJM is frequently regarded as a direct competitor to Gamuda, given their similar business profiles. Both companies boast impressive track records in construction and property development. In the construction sector, IJM has secured numerous contracts, including projects like LRT3 (terminated) and the RTS Link. Meanwhile, in the property development arena, IJM has undertaken notable projects such as The Light, situated near the Penang Bridge.

📍$EKOVEST / 8877 (EKOVEST BERHAD)
Although smaller in scale compared to Gamuda and IJM, Ekovest has demonstrated impressive achievements in projects such as the Twin Towers, commuter stations, KLIA, and several public university projects.

📍$SUNCON / 5263 (SUNWAY CONSTRUCTION GROUP BERHAD)
As Sunway's construction division, Sunway Construction not only provides construction services for Sunway's projects, including malls, carparks, office towers, education centers, healthcare facilities, and theme parks, but also secures government contracts such as the LRT Kelana Jaya line extension. Additionally, it has recently been awarded a contract to construct a data center.

📍$ECONBHD / 5253 (ECONPILE HOLDINGS BERHAD)
Econpile specializes in piling and pile cap construction, ranging from highway and railway projects to complex multi-level basement structures in urban settings. Its portfolio comprises various completed projects, including multiple packages of bored piling for the Klang Valley Mass Rapid Transit and Light Rail Transit systems. Additionally, Econpile has undertaken deep basement works for prominent buildings such as Elite Pavilion and MAS Building in downtown Kuala Lumpur. However, since ATS projects are rail-free, their profitability may be comparatively lower than that of other MRT and LRT ventures.

📍ADVCON
Advancecon operates as a construction firm specializing in civil engineering and infrastructure projects, focusing mainly on earthworks and civil engineering services within Malaysia's construction sector. In essence, earthworks encompass tasks aimed at preparing building platforms and embankments, while civil engineering entails engineering activities for infrastructure construction.

📍KKB
KKB is a company specializing in steel fabrication for buildings and various products utilized in the construction sector. Moreover, the company has expanded and diversified its operations into manufacturing, including the production of steel pipes, pipe specials, and LPG cylinders.

📍MRCB
MRCB is a well-known entity, especially given its involvement in the LRT3 project, which is a joint venture between GKENT and MRCB. Furthermore, MRCB stands as a potential candidate for securing the contract for the Penang LRT. Additionally, MRCB holds significance as one of the developers behind notable projects such as KL Sentral and Penang Sentral.

📍PTARAS
Pintaras Jaya is another company that engaged in piling systems, earth retaining systems, sub-structures & basements, ground improvement, earth works, civil engineering works and building works.

📍MINETEC
Minetech operates across various sectors, encompassing construction and civil engineering, manufacturing, renewable energy, property development, oil and gas, and financial technology. In January 2024, Abang Abdillah, the son of Sarawak Premier Abang Jo, assumed the role of chairman of the company following his acquisition of 240 million shares, equivalent to a 15.58% stake in the company. This strategic move potentially positions the company favorably for securing construction projects in Sarawak.