Telekom Malaysia has signed a 10-year fibre leasing service agreement with Digital Nasional Bhd worth RM2bil to speed up the deployment of the government-owned 5G network nationwide.
Taliworks has won a contract from Pengurusan Air Selangor Sdn Bhd to develop a package under Phase 1 of the Sungai Rasau water treatment plant for RM602.43mil.
The contract is to design and build a water pumping station, and water pumping mains to the existing Bukit Lipat Kajang reservoirs, distribution and associated works (Package 2).
Samaiden has secured an engineering, procurement, construction and commissioning contract worth RM98.15mil to develop a 39MWp rooftop solar photovoltaic system at six identified sites in Johor.
Inta Bina has bagged an RM67.73mil contract from Gamuda Bhd
.The contract is for the construction of 203 units of terrace houses for phase 1C-1 of Gamuda’s township in southern Klang Valley, Gamuda Cove.
Signature International is buying a 51% stake in a renovation company for RM15.3mil.
The group said it is acquiring the stake in Space Alliance Contracts Sdn Bhd to tap into the renovation industry.
Eco World Development’s 4QFY21 net profit dropped 42.72% yoy, on lower contribution from its Malaysian joint ventures and its international arm) Eco World International due to the lockdown.
VS Industry reported a net profit of RM39.39mil for its 1QFY22, tumbling 40.9% yoy due to lower revenue contributions from its Malaysian operations, while profit before tax was affected by lower orders for its printed circuit board assembly from key customers and component supply chain disruptions, which were partially offset by box-built production for a new customer.
Meanwhile, JF Apex said the FBM KLCI could remain sideways above the support of 1,480 following the recent flatt trend.
The US market was negative overnight with the Nasdaq plunging over 2% while the Dow Jones and S&P500 posted slight losses after the Federal Reserve announced a more aggressive approach to wind down its bond buying and is looking to hike rates in 2022.
Earlier, European stocks climbed after the Bank of England raised interest rates and the European Central Bank cut its bond purchases.