Gadang adopts cautious outlook for this year


A file picture shows Kok (right) looking at a model of the company’s mixed development project called Capital City in Johor Baru. The project is expected to be fully completed in five years.

Gadang Holdings Bhd, which is mainly involved in construction and property, is cautious on the economic outlook for this year and is conservative when it comes to expecting new jobs.

“This year should be tough for the economy and we choose to be conservative and have not yet identified any jobs that we think we can add to our order book or even tender for,” managing director and chief executive officer Tan Sri Kok Onn tells StarBizWeek.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , gadang , cautious , outlook

   

Next In Business News

Getting a good price for your home
Audit all Malaysian carriers
SimeProp changes the game
Putting money on the banks
Malaysia can lead EV charge
Conceive solutions to improve birth rates
Is TM better off exiting DNB?
A strategic shift for success
OSK in Johor asset buy
A class above

Others Also Read