What are the stocks to watch in Malaysia

The stocks to watch this week are the following for this week.

HLT Global‘s wholly-owned subsidiary HL Advance Technologies (M) Sdn Bhd (HLA) is suing WRP Asia Pacific Sdn Bhd, WRP Specialty Products Sdn Bhd (the first and second defendants) and three others over RM16.43 million owed for equipment, goods and services provided by HLA.

Ranhill Utilities has accepted a letter of acceptance from Pengurusan Aset Air Bhd for a RM61.49 million pipe replacement project.

Samaiden has bagged a RM56.64 million engineering, procurement, construction and commissioning (EPCC) contract in relation to the development of a 15MW large scale solar photovoltaic power plant in Kamunting, Perak.

Advancecon has bagged a construction project worth RM42.54 million for the proposed construction and completion of earthworks and other related works for the development of Phase 2 (R6, R8, R9, and C5) in Bandar Bukit Raja 2, Kapar district.

AYER Holdings has proposed a first and final dividend of 10 sen per share for the financial year ended Dec 31, 2021.

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Reservoir Link Energy has received a letter of award for the engineering, construction and commissioning (ECC) of a 10.95MW large scale solar photovoltaic plant, valued at RM14.9 million, to be located in Perak.

Minetech Resources has bagged a contract for the construction of an external link bridge and covered walkway, together with associated works, for the Emerald 9 Cheras development in Selangor with a contract value of RM9.49 million.

Hong Seng has announced the resignation of its executive director Kenny Khow Chuan Wah.

Complete Logistic Services is planning to diversify into technology businesses, rename itself Hextar Technologies Solutions and dispose of its entire stake in Classic Scenic for RM32.04 million to its majority shareholder Datuk Eddie Ong Choo Meng.