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Research house: Water supply job boon for MRCB

PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) RM150mil,chilled water supply contract is expected to bode well for the company’s long-term earnings.

Starmetro Watch

FREEBIES AT FAIR: House buyers at Star Property Fair in KLCC Exhibition Centre Hall 4, on Aug 3 and 4 stand a chance of winning household items worth up to RM12,000 and a Proton X70. A lucky draw gives visitors a chance to win hotel stays and shopping vouchers.

RHB Research upgrades IJM to Buy, TP RM2.78

KUALA LUMPUR: RHB Research has upgraded IJM Corp to Buy from Neutral with new sum-of-parts based target price of RM2.78 from RM1.91, 18% upside plus 3% yield.

Quick take: IJM falls 5.3% on contract termination

KUALA LUMPUR: Shares of IJM Corp Bhd fell in early trade Wednesday after its RM1.12bil light rail transit line 3 (LRT 3) contract was terminated.

Trading ideas: UWC, Aeon Credit, IJM Corp, Barakah, Asdion

KUALA LUMPUR: JF Apex Research expects UWC Bhd, Aeon Credit Service (M) Bhd, IJM Corp Bhd, Barakah Offshore Petroleum Bhd and Asdion Bhd to be among the stocks to watch on Wednesday.

Quick take: GKent’s shares fall after earnings announcement

KUALA LUMPUR: George Kent (M) Bhd’s (GKent) shares fell 2.7% in early trade on Wednesday after its earnings fell 37% in the first quarter ended April 30.

CEO: Mudajaya on track for turnaround

AT its AGM earlier this week, Mudajaya Group Bhd shareholders had plenty of questions for its board of directors in light of its financial performance of late.

More people may be called up over sex videos, says Deputy IGP

SHAH ALAM: More people will be called up in connection with the sex videos implicating Datuk Seri Azmin Ali if the need arises, says Datuk Mazlan Mansor.

Willowglen eyes LRT3, ECRL jobs

THE change in regime in Putrajaya has allowed more companies to participate in mega projects through the practice of competitive tenders.