Quick take: MTD ACPI surges 27% on contract award

TheStar Fri, May 15, 2020 09:12am - 3 years View Original


KUALA LUMPUR: Shares of MTD ACPI Engineering Bhd jumped over 24% in early trade Friday after securing a RM184mil construction project.

The civil engineering and construction group added 27.59%, or four sen to 18.5 sen, its highest since last September. The counter has risen some 164% since March 23.

MTD ACPI has bagged a RM184.17mil contract for the construction and completion of earthworks and infrastructure for the development of the Chuping Valley Industrial Area Phase 1 in Perlis.

MTD ACPI said its wholly-owned subsidiary MTD Construction Sdn Bhd (MTDC) had

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