THE oil and gas services firm has just won a RM19mil contract from an associate company of Petronas to overhaul two gas turbines at the KL International Airport (KLIA). Works will start this month and should take six months. That deal, which it did not consider as an oil and gas contract, is seen as providing the group with new opportunities for growth in other industries. The stock rose RM1.10 higher to RM10.10 on Thursday following the news.
THE Securities Commission (SC) has approved Atis Corp's three-for-ten bonus issue of 36 million new shares, and an employees' share option scheme of up to 10% of its share capital. It is awaiting SC nod for the listing of its 51%-owned subsidiary Genetec Technology Sdn Bhd, a machine design house. Having established itself in the local industrial supplies market, it aims to expand overseas. Atis Corp expects to sign up a partner in Thailand by next quarter.
THE software house has won a RM2mil contract from PT Kawasan Wisata of Indonesia to install and maintain systems for e-ticketing, car parking, point-of-sale, CCTV surveillance, security alarm and web-monitoring at Pantai Cermin Water Theme Park in Medan. The deal is a milestone in its efforts to widen its market share in the theme park industry internationally. As part of its efforts to broaden its suite of solutions to the theme park industry, it targets to launch a new point-of-sale product, Global e-P.O.S. (GEP) later this quarter.
THE construction company's recently secured RM73mil contract from Putrajaya Holdings Sdn Bhd is expected to contribute positively to its earning and net tangible assets for the financial year 2004 and 2005. It has also entered into a MoU with Yuh Chen United Technologies Corp of Taiwan to jointly undertake construction works, proposed by the latter, worth NT$4.5bil for the Kaohsiung Modernised Multi-Function Arena Stadium.
Malaysian Bulk Carriers
THIS marine transportation company, with its fleet of ships ranging from mid-range tankers to handy-max and handy-size bulk carriers, is raking in huge gains from decades-high shipping rates that have resulted in part from a boom in China’s external trade. Freight and charter rates, especially for bulk carriers, are expected to remain at the current levels or higher over the next six to 12 months. Moreover, with its link to Tan Sri Robert Kuok, it is unlikely that this recently listed shipping firm will ever be short of carriage contracts.