PETALING JAYA: Shares of EG Industries Bhd
(EGI) surged by over 15% after the group clinched a near-RM1bil order to supply high-speed 800G optical modules and wireless broadband related products to an unnamed existing client.
The Sungai Petani, Kedah-based electronic manufacturing services firm told Bursa Malaysia that its wholly-owned subsidiary, SMT Technologies Sdn Bhd, has secured confirmed purchase orders valued at US$241.6mil from Customer C.
Customer C is a global technology leader with advanced capabilities in advanced optical modules, wireless broadband, carrier ethernet and edge computing.
The purchase order, which is expected to be fulfilled in tranches over 12 months, is anticipated to contribute positively to EGI’s earnings and net assets, on a consolidated basis for the financial year ending June 30, 2026 to 2027.
The stock rose by 20 sen to RM1.49 per share at market close yesterday.
With 91.8 million shares changing hand, it was one of the most active stocks on Bursa Malaysia.
