Malaysia - Infra Projects, Building Materials etc

[winston]

Malaysian construction stocks extend decline on data centre concerns

By John Lai

News reports on the US planning to restrict sales of artificial intelligence chips, which could impact data centres and related project investments in Malaysia.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/740439

[winston]

Construction stocks extend decline sharply as SunCon falls over 10%

By John Lai

The curbs on AI chips should have “little to no impact” on the sector as most of the operators have ongoing developments or those that are planning to build data centres are US-headquartered.

Even after taking office, President-elect Donald Trump “will not take any action to reverse the current restrictions, so there will be no positive catalyst”, Low said.

While the stocks in the sector are still on ‘buy’ calls, investors may be forced to lower their expectations, he added.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/741224

[winston]

Malaysia data centre plays face further risks, JPMorgan warns as it downgrades Sunway Construction, Gamuda

By Anis Hazim

Tightening US chip export restrictions could potentially affect two-thirds of the four-gigawatt data centre capacity planned in Malaysia.

“Downside risks for Malaysia’s data centre pick-and-shovel thematic [are] materialising,”

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/741389