Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has signed a memorandum of understanding (MoU) with Gigih Avenue Sdn Bhd (GASB) to collaborate in a training and certification programme for eligible local welders. Under the agreement, MHB's wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), will offer employment placements to successful candidates. (NST)

Samaiden Group Bhd's (SGB) wholly-owned subsidiary, Samaiden Sdn Bhd (SSB), has signed a partnership agreement with Thingnario Ltd today to provide telemetry monitoring system support to the renewable energy (RE) and energy efficiency (EE) businesses of Samaiden Group within Malaysia. SGB group managing director Ir Chow Pui Hee said the company is looking forward to collaborating with Thingnario for the excellence it gives to its operation and maintenance (O&M) works. (NST)

UMW Holdings Bhd's wholly owned subsidiary, UMW Grantt International Sdn Bhd, has introduced its maiden range of bio-hydraulic lubricants and its inaugural foray into the green product line-up. The company's Grantt Bio VG Hydraulic Oil, produced from locally sourced palm oil, is targeted at customers sourcing for affordable and sustainable hydraulic lubricants without compromising performance. (NST)

Tenaga Nasional Bhd's (TNB) unit has secured financing of up to RM185 million from CIMB Islamic Bank Bhd for its third large-scale solar project in Bukit Selambau, Kuala Muda, Kedah. The project, with a capacity of 50MWac (75MWdc), is part of the government's Large Scale Solar @ Mentari or Large Scale Solar 4 (LSS4) programme. (TheEdge)

Pansar Bhd's wholly-owned subsidiary Perbena Emas Sdn Bhd has secured a contract from the Sarawak Public Works Department for the completion of the proposed road at Jalan Lubok Teranggas, Samarahan division, for RM67.11mil. The engineering and construction group said in a filing with Bursa Malaysia the job includes the construction and completion of the road, along with two bridges. (TheStar)

Nestcon Bhd has secured a letter of award (LoA) worth RM129.6mil from Sino Natural Resources Malaysia Sdn Bhd (Sino) for construction work in Sarawak. In a filing with Bursa Malaysia yesterday, the civil engineering and infrastructure firm said its wholly-owned subsidiary, Nestcon Infra Sdn Bhd (NISB), had secured a contract to provide site clearance, earthwork and ancillary works on CBS 2, Block 3, Sungai Bakau, Balingian, Mukah Division, Sarawak. (TheStar)

Malaysian government-owned fund manager Permodalan Nasional Bhd (PNB) said it on Oct 6 voted against Bermaz Auto Bhd's annual general meeting (AGM) proposal to grant the Mazda car dealer authority to issue shares due to insufficient disclosure on the proposal. (TheEdge)

MIDF Research is feeling positive over the prospects of Mah Sing Group Bhd with new property sales underpinned by its M Astra project in FY22 and FY23. The research house said it expects decent property sales from M Astra in Setapak following an "overwhelming" registration of interest of about 10,000 potential buyers in Tower B. (TheStar)

Sunway Bhd's stock will be re-rated in due time as the healthcare segment will increasingly draw investor focus as the earnings from this segment materialise, Hong Leong Investment Bank Bhd (HLIB Research) said. Besides that, the bank-backed research said Sunway is also progressing closer to the value-unlocking exercise of its healthcare through an initial public offering (IPO), which is expected to be completed by January 31, 2028. (NST)

RHB Retail Research said Datasonic Group Bhd is set to rebound higher after it bounced off the 49.5 sen immediate resistance level on Thursday, firming up its “higher low” bullish pattern above the 21-day average line. In a trading stocks note on Friday (Oct 14), the research house said that if the bullish momentum is sustained above that level, buying interest may drive the stock towards the next resistance of 53.5 sen, or the high of Sept 2, before propelling further towards the 59 sen level, May 23’s high. (TheEdge)

RHB Retail Research said Press Metal Aluminium Holdings Bhd is poised for a rebound, after it attempted to move past the 21-day average line on Thursday, before retracing during the intraday session. In a trading stocks note on Friday (Oct 14), the research house said that if the stock manages to climb and reclaim Thursday’s high of RM4.24, just above the average line, the bullish bias above that level may propel the stock to its recent high of RM4.43, or Oct 6’s high, followed by RM4.75, i.e. the high of Sept 14. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 14 Oct 2022

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