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Zelan Bhd’s unit Zelan Construction Sdn Bhd has bagged a RM248.49mil contract from Petronas Refinery and Petrochemical Corporation.
The contract is for the provision of basic design, detail engineering, procurement, construction & commissioning of material off Loading facilities jetty at Tanjung Setapa for Refinery and Petrochemical Integrated Development (Rapid) project at Pengerang, Johor.
In a filing to Bursa Malaysia on Thursday, the group said the contract duration for the works is 18 months.
The jetty is intended to be used for import of heavy lift oversized and Super HLO equipment and materials as well as some break-bulk and containerised cargo during the implementation of the Rapid Project.
Consumer confidence in US jumps to highest since 2007 Confidence among consumers soared in July to an almost seven-year high as increased employment opportunities led to brighter views of the US economy. The Conference Board’s index advanced to 90.9, the highest since October 2007, from 86.4 in June. The gauge exceeded the most optimistic projection in a Bloomberg survey of 75 economists. (Bloomberg)
NEWS HIGHLIGHT PAAB Hopes Langat Water Treatment Will Be Completed On Time Pengurusan Aset Air Bhd (PAAB) hopes that the construction of the water treatment plant in Hulu Langat, Selangor will be completed on time to avoid any increase in cost.
SPLASH Exclusion Won't Affect Selangor Water Deal, Says PAAB The Heads of Agreement signed between the Federal and Selangor governments for a long-term solution to the Selangor water supply issue will not be affected by the exclusion of Syarikat Pengeluar Air Selangor Holdings Bhd (SPLASH), said Pengurusan Aset Air Bhd (PAAB).
'Payment system provider ManagePay Systems Bhd is believed to have secured a lucrative contract to manage the country's Goods and Services Tax (GST) Tourist Refund Scheme (TRS), beating several shortlisted companies for the job. "The company has more or less won the bid and is waiting for the letter of award from the Custom Department,"say the source, adding it will be a medium to long term contract, contributing net profit of some RM9mil to RM12mil per annum. Essentially, MPay has bitten bidders which include ACE Market-listed firm Iris Corp Bhd' - Focus Malaysia Issue dd Aug 9-15, 2014
Malaysian news highlights * Muhibbah secures RM30m offshore platform job * Sime Darby hires banks for USD500m autos IPO, says sources * Sime-led consortium settles costs for Bakun dam works * MAS considers cutting costs * TIME dotCom joins USD300m trans-Pacific undersea cable network venture * Tropicana's appeal dismissed by Hyderabad court * EPF backs as substantial shareholder of Star Publications * Puncak bids for Kepong incinerator job * Hibiscus clears early hurdles for Aussie O&G deals * Grand-Flo seeks to double stake value in Simat * Grand-Flo shareholders approve diversification * Tomei to secure non-exclusive right from Royal Canadian Mint * VTI Vintage aborts RM2.15m Sabah land disposal
Three shortlisted for MoE job SMRT Holdings, Prestariang, and privately held E-Graduate.net Sdn Bhd have been shortlisted to undertake a RM5m English Language Proficiency Teaching blended learning pilot project spearheaded by the Education Ministry (MoE), according to sources. The three-month pilot project will involve 2,000 English Language teachers in primary schools. It is the prelude to a full-fledged RM100m contract to train 10,000 teachers. “Although the contract amount for the pilot phase is small, it is important that the education players implement it well, as the successful completion of this phase will result in a full-fledged RM100m English Language Proficiency Teaching contract being awarded,” said the source. (StarBiz)
Good morning Shafiq04, c6 n i bot ktb yesterday at 290, will sell today at 305/310 unless it s powerless. Been busy with my office works n silent reader most of the times to punt oly.
Asiapac, so long it wont drop below 305, there s stil tendency price will shoot up. Basing on trend, today, there shld b another round of breaking its res but recent result not in fav n heavy shares were dumped, so anticipate today uptrend may not b powerful. Go for fnf earn 1-2sen with huge quanty only can ensure pocket money for weekends spend.
Suma is in Correction Mode & recent lowest is 40 but there is a potential it may go deeper to 340. Once it ends the Correction, it will definitely break 62 to swim higher to my TP1 0.98 & 1.20. How long? It takes months. So for time being, it is trading in a cage between 400-540 unless 40 is broken.
For Short Term trading of Suma, today it must not trade downwards. If it does go downward, there is no chance it can hit 530. If it really goes south, then 440 & 400 that is the strong support.
Pdz, suma n marco are stil in correction mode n they will go down again. U can swing to buy low n sell high. Once correction is completed, watch out for their impulsive uptrend n
Morning ct... I only listen 2 u only.n also hawk .. D rest x boleh caya one...if there is any counter to punt kindly pls what's app me at this no 019945774..if u thanks 4 ur advice n recommandation..u r my sifu...I bought tfp.. Wat is ur advice,pls?
Q buy Sumatec 450. I don't know whether this downleg will go low to 440 but just try to queue. Once it touches the bottom, next upleg can reach 48/49 for FnF.
NEWS HIGHLIGHTS Malaysia Airports Holdings : Cautiously optimistic on passengers Astro Malaysia Holdings : Wins arbitration against AV Asia Mah Sing Group : RM520mil GDV land deal done Malaysian Resources Corp : Wins RM197mil job TSH Resources : To complete Icon Field's acquisition by mid-2015 Plantation Sector : Malaysia seeking to boost palm oil with tax-free extension Oil and Gas Sector : Petronas buys Statoil assets for RM7bil
PPB to sell support vessel for RM93.5m KUALA LUMPUR: Perdana Petroleum Bhd (PPB) will dispose of a unit of offshore support vessel (OSV) to Hauston Ltd for RM93.5 million. It will be delivered to the buyer before end-November 2014. The company said the disposal is part of its fleet renewal programme as it had earlier announced the acquisition of two units of 500-men accommodation work barges. “The gain on the disposal is RM1 million and the proceeds will be channeled to the group to meet its operating expenses, repayment of bank borrowings and funding new acquisition of assets,” PPB said. - NST
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!