Bursa Malaysia Stock Watch
TRC, Bina Puri win rail extension jobs
kltrader
Publish date: Mon, 29 Nov 2010, 10:54 AM
kltrader
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Trans Resources Corp, a unit of TRC Synergy Bhd., won a RM950 million (US$300 million) contract to build the Kelana Jaya railway extension in Malaysia, Syarikat Prasarana Negara Bhd said in a statement on its website.
Bina Puri Holdings Bhd's joint venture won a RM634.7 million contract to build a 17.7 kilometer light-rail extension on the Ampang line, the nation's public transport operator said.
TRC Synergy rose to a 13-month high and Bina Puri Holdings Bhd climbed in Kuala Lumpur trading after the two Malaysian builders won railway extension contracts.
TRC gained 3.5 per cent to RM1.47 at 9:04 a.m. local time, set for its highest close since Oct. 20, 2009. Bina Puri climbed 5.4 per cent to RM1.37t, headed for its steepest gain since Sept. 17. -- Bloomberg
Bina Puri Holdings Bhd's joint venture won a RM634.7 million contract to build a 17.7 kilometer light-rail extension on the Ampang line, the nation's public transport operator said.
TRC Synergy rose to a 13-month high and Bina Puri Holdings Bhd climbed in Kuala Lumpur trading after the two Malaysian builders won railway extension contracts.
TRC gained 3.5 per cent to RM1.47 at 9:04 a.m. local time, set for its highest close since Oct. 20, 2009. Bina Puri climbed 5.4 per cent to RM1.37t, headed for its steepest gain since Sept. 17. -- Bloomberg
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