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aws试用账号( ideas: SunCon, Ranhill, Coastal Contracts, Pestech



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KUALA LUMPUR: Stocks to watch on Tuesday include Sunway Construction Group Bhd, Ranhill Utilities Bhd, Coastal Contracts Bhd, Pestech International Bhd and Censof Holdings Bhd, according to JF Apex Research.

Sunway Construction has secured letters of intent for the construction of two solar photovoltaic energy generating facilities, one worth RM200mil in Kampar, Perak, and the other worth RM185mil in Klang, Selangor.

Ranhill Utilities has won a 31.95 million baht (RM4.01mil) contract to upgrade a wastewater plant in Amata City Industrial Estate, Rayong, Thailand.

The plant was developed under the build-operate-transfer concept for a 30-year concession period until Oct 21, 2043.

Coastal Contracts said a consortium led by its joint venture company Coastoil Dynamic SA de CV has secured a gas conditioning plant construction project in Mexico worth RM4.5bil.

Pestech has won the tender from Malaysia Airports Holdings Bhd for the development of an automated people mover project and associated works at the Kuala Lumpur International Airport for RM742.95mil.

Censof has bagged a RM5.14mil contract to maintain and upgrade server application and data storage for an accounting system from the Social Security Organisation.

Techna-X has proposed a backdoor listing of its 50%-owned HK Aerospace Beidou New Technology Co Ltd (HKAB) via Singapore-listed food-and-beverage group Chaswood Resources Holdings Ltd.

AirAsia's RM974.5mil cash call received valid acceptances for 1.11 billion or 85.13% of the total available redeemable convertible unsecured Islamic debt securities (RCUIDS).

There were 193.2 million RCUIDS or 14.87% of the total available RCUIDS that were not subscribed by entitled shareholders.

Magni-Tech’s 2Q net profit fell 18.03% year-on-year, due to lower revenue and higher raw material costs for its packaging division.

Overnight, the US market rallied with the S&P extending its record high amid the fast spreading Omicron variant as investors look for a Santa rally in the final trading week of the year.

Earlier, European stocks were slightly higher as studies suggested Omicron has a lower risk of hospitalisation.

“Following the bullish momentum and year-end window dressing, the FBM KLCI could extend its rebound towards the resistance of 1,550 points,” JF Apex said.


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