News by Surin Murugiah

Construction outfit Nestcon Bhd has received a letter of award (LoA) for a job worth RM85 million to design and build an integrated offsite scheduled wastes recovery facility in Kerteh, Terengganu.

In a statement on Friday (April 29), the property developer said it aims to become a stronger proponent of workplace safety and health in the property development industry in Malaysia.

In a trading stocks note today, the research house said the “higher high” bullish pattern that emerged yesterday may cause the stock to jump further towards hitting RM1.50, followed by the RM1.56 resistance.

In a note Monday (April 11), the research house said it sees some potential trading opportunities as sector valuations are undemanding, at 64% discount to RNAV.

In a statement on Thursday (April 7), the solar PV and earthing and lightning protection specialist said the company's wholly-owned subsidiary Pekat Solar Sdn Bhd (PSSB) has accepted the letter of award from Sun Estates for its appointment as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the project.

In a statement on Thursday (March 24), the firm said its unit Kejuruteraan Bintai Kindenko Sdn Bhd (KBK) had accepted two letters of award from TNB, appointing it to be the contractor for both contracts.

In a statement on Friday (March 18), the company said it is acquiring the stake for RM104.4 million, adding that this synergistic acquisition would help the group expand its product range from building materials into high value-added safety glass products, metal roofing, metal door and window frames.

In a statement on Sunday (March 13), the group said its property development subsidiary NCT Platinum Sdn Bhd’s project was previously known as the Genting Valley project comprising 665 bungalow plots over five phases, which was abandoned for almost 17 years by the initial developer.

In a poll released Monday (March 7), online marketplace for lodging, primarily homestays for vacation rentals, Airbnb said 44% of respondents are also likely to host on Airbnb in the next 12 months.

In a trading stocks note today, the research house said if the stock manages to reclaim the area above the RM1.34 recent breakout level, the bullish reversal signal is likely to drive it towards the resistance level of RM1.42 (a recent high), followed by RM1.48.