Stock to watch in Malaysia

In today’s stock to watch in Malaysia, we have a long list of companies that are doing well with new projects or contracts!

Axiata, Maxis, and Digi are accepting offers from the Malaysian Communications and Multimedia Commission for five-year spectrum assignments beginning July 1, 2022.

Dialog is agreeing to an engineering, procurement, construction, and commissioning (EPCC) contract
with an estimated value of up to RM724 million for a melamine plant for Petronas Chemicals Fertiliser Kedah Sdn Bhd.

On the other hand, Cahya Mata Sarawak says CMS Cement Industries Sdn Bhd will raise its price of cement by an average of 10% subject to product types and location.

MMHE says its net loss for the fourth quarter ending on Dec 31, 2021, widen yoy to RM107.79 million versus RM8.56 million on higher operating losses and lower revenue from its heavy engineering and marine segments.

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Meanwhile, Tropicana Corp enters into an agreement with PowerChina International Group Ltd to develop a 308-acre integrated entertainment hub – Tropicana Paradise in Genting Highlands.

Vizione bags sub-contract works worth RM130 million from Permata Rebana Sdn Bhd to build a medical lab at Bandar Enstek, Seremban, Negeri Sembilan.

Icon Offshore secures a US$9.6 million (RM40.22 million) order from ConocoPhillips Sarawak Ltd and ConocoPhillips Sarawak Oil Ltd (collectively ConocoPhillips Sarawak) to supply a jack-up drilling rig.

However, VS Industry appoints PwC Consulting Associates (M) Sdn Bhd to conduct an independent review of the group’s migrant worker labour practices.