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Trading ideas: Hai-O, IJM Land, FCW, Pestech, Iris
KUALA LUMPUR: JF Apex Research expects Hai-O Enterprise, ; IJM Land and FCW Holdings, Pestech and Iris Corp to see trading interest on Friday based on the latest corporate developments.
RHB Research revises Pestech’s TP upwards after Laos contract
RHB Research is maintaining its Buy call on Pestech International with a slightly higher fair valuation of RM2.82, from RM2.80, following the company’s success in securing a US$29.3mil contract to build a double transmission line in Laos.
Neutral view on IJM
Affin Research: "We like IJM Land for its strong management, good brand equity, good geographical diversification, excellent product mixed, impressive 31% earnings compounded annual growth rate over financial years 2013 to 2016 (FY13-16E) and undemanding valuation."
Trading ideas: Taliworks, KPS, Pestech
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects small capitalised stocks including Kumpulan Perangsang Selangor (KPS), Taliworks and Pestech could see trading interest on Thursday.
SEB awards contracts for setting up of 500kV transmission line from Mapai to Tondong
KUCHING: The Sinohydro-Trenergy joint venture (JV) has been formally awarded with two packages of the proposed 500kV transmission line project by Sarawak Energy Bhd (SEB).
CPO price soars, sparks interest
THE spot crude palm oil (CPO) price crossed the RM2,500-per-tonne mark and soared to a new year-to-date (YTD) high of RM2,525 per tonne on Friday. The spike has sparked interest in the sector.
Pestech bags RM53.7mil contract for Samalaju plant
KUALA LUMPUR: Pestech Bhd has secured a US$16.60mil (RM53.7mil) contract to build an integrated power distribution system including substations for the Samalaju smelter in Sarawak.
Pestech signs RM53mil contract
PETALING JAYA: Pestech International Bhd’s wholly owned subsidiary, Pestech Sdn Bhd, has signed a contract with Metix Malaysia Sdn Bhd worth US$16.6mil (RM53mil) to build an integrated power distribution system including substations for the Samalaju smelter in Sarawak.
Pestech bags RM84.97m job from Sarawak Energy
KUALA LUMPUR: Pestech International Bhd has clinched a RM84.97mil contract from Sarawak Energy Bhd to build and commission two sub-station extension projects.
Pestech unit gets RM85mil substation extension contract
PETALING JAYA: Pestech International Bhd’s unit Pestech Sdn Bhd has won an RM85mil contract from Sarawak Energy Bhd (SEB) for the design, engineering, procurement, construction, testing and commissioning of SEB’s Mambong and Entinggan 275 kV substation extension project in Kuching, Sarawak.
