KUALA LUMPUR: Stocks to watch today include Muhibbah Engineering (M) Bhd
, Gas Malaysia Bhd, Astro Malaysia Holdings Bhd, Keyfield International Bhd, Rohas Tecnic Bhd, Hextar Capital Bhd, Securemetric Bhd, Sapura Industrial Bhd, Cypark Resources Bhd and AMMB Holdings Bhd following their latest news.
Muhibbah Engineering has secured a RM300mil contract to undertake marine structure and ancillary works for LNG Regasification Terminal 3 at Lumut Maritime Terminal 2 in Perak.
Gas Malaysia, together with Tokyo Gas and VTTI, has signed a joint development agreement for a proposed RM2bil-RM3bil LNG regasification terminal in Yan, Kedah, aimed at strengthening Malaysia's energy security and supply flexibility.
Astro Malaysia's group CEO Euan Smith has stepped down after six years with the company, including more than three years at the helm.
Former chief executive Henry Tan will return as interim group CEO from June 16 while Astro searches for a permanent successor.
Keyfield International has acquired a RM29.6mil AHTS vessel to expand its fleet and capitalise on strong demand in the offshore support vessel market, with deployment expected in the second half of 2026.
Rohas Tecnic has secured a RM50.35mil contract from Tenaga Nasional Bhd to provide fibre optic supply and services on its high-voltage infrastructure in Johor, boosting its earnings outlook through 2028.
Hextar Capital has secured a RM60.4mil subcontract for upgrading works at the Timah Tasoh dam project in Perlis, with the project scheduled for completion by June 2027.
Securemetric's Philippine unit has secured a RM15.07mil contract to provide a project application development platform and related public key infrastructure services, supporting the group's earnings from 2026 onwards.
Sapura Industrial plans to dispose of two vacant land parcels in Ulu Langat to unlock the value of non-core assets and fund operational needs and future expansion opportunities.
AmBank will acquire Menara AmBank and related assets from AmFirst REIT for RM331mil, securing long-term ownership of its headquarters and strengthening its office location strategy.
Cypark Resources has proposed a private placement of up to 82.28 million shares to raise about RM52.7mil, primarily to fund its renewable energy and waste-to-energy projects.
Overnight, the Dow Jones Industrial Average fell 0.16% to 50,786.01, the S&P 500 gained 0.30% to 7,405.73, and the Nasdaq Composite gained 0.86% to 25,929.66.
