KUALA LUMPUR: Recent corporate news flow could shine the spotlight on Heitech Padu, Aneka Jaringan, Mah Sing, MN Holdings, Landmarks and SCIB, said Apex Research.
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Heitech Padu Bhd has secured two contract extensions from the Road Transport Department (JPJ) amounting to an additional contract value of RM54.33 million.
Aneka Jaringan Holdings Bhd’s won a RM22.16 million contract to build over 1,000 units of Rumah Wilayah Keluarga Malaysia in Sungei Besi, Kuala Lumpur.
Mah Sing Group Bhd will be developing a mixed residential development named M Zenya in Kepong, with a total estimated gross development value (GDV) of about RM500 million.
MN Holdings Bhd was awarded a sub-contract for works on an AirTrunk data centre in Johor, worth RM11.2 million.
Landmarks Bhd said its wholly owned unit Andaman Resort Sdn Bhd was put under receivership after it failed to repay RM133.37 million on time.
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Sarawak Consolidated Industries Bhd (SCIB) said its financial year ended June 30, 2023 will be negatively impacted if a full impairment pertaining to final claims, worth RM18.72 million, be made.
The US market declined overnight after better-than-expected private sector job creation in June could prompt the Federal Reserve to hike rates further.
Similarly, European markets tumbled after the US’ strong jobs data.
On the local market, the FBM KLCI declined 3.95 points or 0.28% to 1385.95 points.
“Following BNM’s decision to keep rates unchanged, the FBM KLCI could continue its sideways trend above its support of 1,372 points,” said Apex.
– The Star