KUALA LUMPUR: Stocks to watch on Monday include Gamuda Bhd
, Powerwell Holdings Bhd, Citaglobal Bhd, Talam Transform Bhd, Heitech Padu Bhd and Propel Global Bhd.
Gamuda has secured an A$243mil (RM702mil) construction contract to deliver the Boulder Creek Wind Farm in Queensland, Australia.
Powerwell has bagged a RM13.3mil contract to supply low-voltage switchboards for data centre projects in Indonesia.
Citaglobal has entered into a binding term sheet with Germany’s LAWI Engineering GmbH (LAWI Germany) to collaborate exclusively on providing advanced waste-to-energy (WTE) technology and engineering solutions for waste management projects identified by Citaglobal and its affiliates.
Talam has proposed to consolidate every five existing shares held by its shareholders into one share, with the entitlement date to be determined later.
HeiTech is acquiring a 30% stake in a privately held company, Souqa Fintech Sdn Bhd, for RM16.2mil.
Propel has proposed a private placement to raise up to RM8.3mil for business expansion and working capital for new projects.
On Friday, the Dow Jones Industrial Average rose 0.33% to 42,313.00, the S&P 500 lost 0.13% to 5,738.17 and the Nasdaq Composite lost 0.39% to 18,119.59.
