KUALA LUMPUR (Jan 27): CONSTRUCTION [] stocks could see strong interest after the announcement of two multi-billion ringgit contracts being awarded totaling RM8.808 billion.
The stocks which would draw huge interest on Friday are IJM CORPORATION BHD [], AHMAD ZAKI RESOURCES BHD [] (AZRB) and KUMPULAN EUROPLUS BHD [].
MRT Corporation has awarded two construction packages worth RM1.738 billion for the Sungai Buloh-Kajang My Rapid Transit (MRT) line to IJM Construction Sdn Bhd and Ahmad Zaki Sdn Bhd.
IJM Construction will be appointed the main contractor for Package V5 which will cover the construction and completion of the Viaduct Guideway and other associated works from Maluri Portal to Plaza Phoenix Station worth RM974 million.
AZRB will be appointed the main contractor for Package V6 which covers the construction and completion of the Viaduct Guideway and other associated works from Plaza Phoenix to Bandar Tun Hussein Onn Station with a contract value of RM764 million.
Kumpulan Europlus’ subsidiary West Coast Expressway Sdn Bhd (WCE) has received the government’s approval to build the 316-km west coast project costing RM7.07 billion.
The 316-km Banting to Taiping expressway would be on a build-operate-transfer (BOT) with a concession period of 60 years, which could be the longest period for such a concession. The land acquisition cost of up to RM980 million for the project will be borne by the government of Malaysia.
ALAM MARITIM RESOURCES BHD [] secured a US$37 million (RM115 million) transportation, installation and pre-commissioning contract from Samsung Engineering (Malaysia) Sdn Bhd. The contract is for the transportation, installation and pre-commissioning of two pipelines, two single point moorings and two PLEM’s (pipeline end manifold) in connection with Sabah Oil & Gas Terminal Project.
Meanwhile, AIRASIA BHD []’s airfare issue with the Australian regulators over its online airfare information has been resolved. AirAsia stated the problem could have been due to an IT issue in September 2011 and it had taken corrective action to resolve the complaints.
PLANTATION []-based TDM BHD [], whose share price closed at multi-year highs of RM4.42, could see extended trading interest. Investors were positive outlook for its plan to invest RM300 million to expand its plantations.
The stocks which would draw huge interest on Friday are IJM CORPORATION BHD [], AHMAD ZAKI RESOURCES BHD [] (AZRB) and KUMPULAN EUROPLUS BHD [].
MRT Corporation has awarded two construction packages worth RM1.738 billion for the Sungai Buloh-Kajang My Rapid Transit (MRT) line to IJM Construction Sdn Bhd and Ahmad Zaki Sdn Bhd.
IJM Construction will be appointed the main contractor for Package V5 which will cover the construction and completion of the Viaduct Guideway and other associated works from Maluri Portal to Plaza Phoenix Station worth RM974 million.
AZRB will be appointed the main contractor for Package V6 which covers the construction and completion of the Viaduct Guideway and other associated works from Plaza Phoenix to Bandar Tun Hussein Onn Station with a contract value of RM764 million.
Kumpulan Europlus’ subsidiary West Coast Expressway Sdn Bhd (WCE) has received the government’s approval to build the 316-km west coast project costing RM7.07 billion.
The 316-km Banting to Taiping expressway would be on a build-operate-transfer (BOT) with a concession period of 60 years, which could be the longest period for such a concession. The land acquisition cost of up to RM980 million for the project will be borne by the government of Malaysia.
ALAM MARITIM RESOURCES BHD [] secured a US$37 million (RM115 million) transportation, installation and pre-commissioning contract from Samsung Engineering (Malaysia) Sdn Bhd. The contract is for the transportation, installation and pre-commissioning of two pipelines, two single point moorings and two PLEM’s (pipeline end manifold) in connection with Sabah Oil & Gas Terminal Project.
Meanwhile, AIRASIA BHD []’s airfare issue with the Australian regulators over its online airfare information has been resolved. AirAsia stated the problem could have been due to an IT issue in September 2011 and it had taken corrective action to resolve the complaints.
PLANTATION []-based TDM BHD [], whose share price closed at multi-year highs of RM4.42, could see extended trading interest. Investors were positive outlook for its plan to invest RM300 million to expand its plantations.
