In a report, JF Apex said G Capital has signed a renewable energy power purchase agreement with Tenaga Nasional Bhd.
It is expecting a potential revenue of more than RM400mil over the span of 21 years from the date of the commission and completion of the plant.
Econpile has received an RM22.69mil contract from Tunku Abdul Rahman University College to undertake earthworks, piling, infrastructure and related works in Setapak.
Nestcon was awarded an RM33.7mil contract from MMC Engineering Sdn Bhd for a restoration project of the collapsed Kelantan riverbank in Kampung Pohon Celagi, Pasir Mas, Kelantan.
Deleum said that its 60%-indirect subsidiary Deleum Primera Sdn Bhd (Primera) has been issued a RM1 million compound by the Malaysian Anti-Corruption Commission (MACC) over the illegal scheme involving several of Primera’s directors and certain subcontractors.
Avillion has notified that its managing director See Ah Sing has ceased to be a substantial shareholder of the group.
This follows his disposal of 116.60 million shares or a 12.32% stake in the integrated travel and hotel group yesterday.
Bright Packaging to diversify into oil palm plantation business after entering into a joint venture agreement (JVA) with Datai Plantations Sdn Bhd (DPSB) for the purpose of developing oil palm plantations and related facilities and provision of services ancillary on a parcel of land in Sarikei, Sarawak.
S&P Global Ratings has downgraded Serba Dinamik lower to “CCC” from “B-” previously to reflect the company’s sizable debt maturities of some RM1.7bil within the next nine months.
JF Apex noted that Sunway Construction, Perak Transit, MFCB, ELK-Desa, Freight Management, VSTECS recorded higher year-on-year quarterly earnings whilst Dialog, JCY posted weaker year-on-year quarterly results.
Meanwhile, the US market ended flat with the Dow declining slightly while the S&P and Nasdaq eked out small gains.
Earlier, European stocks tumbled after the US Federal Reserve discussed removing some monetary stimulus before year-end.
“Following yesterday's pullback, the FBM KLCI could trend sideways below the resistance of 1,535 points,” JF Apex said.