The research house noted that Bumi Armada has refinanced its unsecured term loans of US$380mil (RM1.57bil) and revolving credit facilities of US$280mil into a single facility consisting of Tranche 1 facility of US$260mil, and Tranche 2 facility of US$400mil.
Gamuda and Kumpulan Perangsang Selangor said Pengurusan Air Selangor Sdn Bhd's (Air Selangor) proposed purchase of 100% equity in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH) from Syarikat Pengeluar Air Selangor Holdings Bhd (SPLASH Holdings) has become unconditional as conditions precedent in the sale and purchase agreement were fulfilled.
HeiTech Padu has bagged two contracts to develop and manage smart parking systems on Penang Island and Seberang Perai.
Vizione's 3QFY19 net profit more than doubled to RM17.76mil from RM8.06mil a year ago, thanks to contributions from its submarine pipeline project in Penang and the Outer Ring Road project Sabah.
Meanwhile, US markets declined from record levels overnight after mixed corporate earnings.
Similarly, European stocks retreated following disappointing quarterly results and lower oil prices.
“Following the negative performance in the US and Europe, the FBM KLCI could hover below its resistance of 1,655 points,” JF Apex said.
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