KUALA LUMPUR: Stocks to watch on Tuesday include Gamuda Bhd
, Advancecon Holdings Bhd, Marine & General Bhd, Oasis Harvest Corp Bhd, KKB Engineering Bhd, George Kent (M) Bhd and Infomina Bhd.
Gamuda’s wholly-owned subsidiary in Australia, DT Infrastructure Pty Ltd has secured a RM1.8bil (A$625mil) engineering, procurement and construction (EPC) in Australia.
Advancecon’s wholly-owned subsidiary, Advancecon Infra Sdn Bhd has secured a RM44.6mil contract by Sime Darby Property Sdn Bhd for the construction of main infrastructure works for Phase 3 - Parcels 2 and 3 of the proposed development at Elmina West, a key component of the City of Elmina.
Marine & General reported a 1.3% increase in revenue to RM93.1mil for the second quarter ended Oct 31, 2024 (2Q25), compared with RM91.8mil in 2Q24. Its net profit rose by 46.7% to RM12.1mil in 2Q25 from RM8.2mil in the previous year.
Oasis Harvest is disposing of a parcel of industrial land in Puchong, Selangor to Crest Group Bhd for RM16.5mil.
KKB Engineering has secured contracts from PETROSNiaga Sdn Bhd (PNSB) and Gamuda totalling RM89mil.
George Kent has secured a RM45.5mil contract from Kwasa Land Sdn Bhd to build and commission a suction tank, pump house, water reservoir, 11-kilovolt switching station, and related works at Kwasa Damansara Township in Sungai Buloh, Selangor.
Infomina’s wholly owned subsidiary, Infomina Pte Ltd (Infomina SG), has accepted a US$2.6mil (RM11.6mil) purchase order (PO) from Hong Kong Exchanges and Clearing Limited (HKEX).
Overnight, the Nasdaq closed at a record high and the S&P 500 also rose. The Dow Jones Industrial Average fell 0.25% to 43,717.48, the S&P 500 gained 0.38% to 6,074.08 and the Nasdaq Composite gained 1.24%, to 20,173.89.
