Trading ideas: Gamuda, Kawan Renergy, Pekat, Warisan TC, Tan Chong, Avaland, Greenyield, UUE, CelcomDigi, Solarvest, Camaroe
The Perak state government has appointed a JV between Gamuda Bhd and Perbadanan Kemajuan Negeri Perak to develop and operate water treatment and distribution infrastructure in Kerian, Northern Perak — a key component of the RM5bn Northern Perak Water Supply Scheme.
Kawan Renergy Bhd has secured a RM38.8mn contract from Gas Malaysia Energy Advance Sdn Bhd for the construction of a gas turbine co-generation system in Port Klang.
Pekat Group Bhd plans to raise up to RM84.7mn by issuing 66.2mn new shares, or 10% of its total shares, a move that will boost its market value over RM1bn.
Warisan TC Holdings Bhd expects to record a net gain of RM1.9mn from the sale of an industrial property in Selangor to Leisure Event Sdn Bhd, a wholly-owned subsidiary of property developer Avaland Bhd , for RM49mn.
Tan Chong Motor Holdings Bhd has been slapped with an unusual market activity query by Bursa Malaysia Securities after the automotive assembler and distributor's share price surged to a near one-year high.
Avaland Bhd announced that Phase 1 of Avalon with a GDV of RM151mn, comprising 166 units of Balinese-inspired double-storey homes located within its Cybersouth township development, is fully taken up.
Greenyield Bhd has, via its wholly-owned subsidiary, disposed of a 10,660 sqm parcel of vacant leasehold industrial land in Kuala Langat, Selangor, to Filtermation (MFG) Sdn Bhd for RM8mn.
UUE Holdings Bhd has announced a bonus issue on the basis of one new share for every two existing shares held along with plans to diversify into renewable energy facilities development.
CelcomDigi Bhd has launched its new flagship 'Life' stores at The Gardens Mall and Sunway Pyramid, marking a new step in its retail journey.
Solarvest Holdings Bhd has appointed Daniel Bernd Ruppert as its chief investment officer.
Camaroe Bhd, an integrated aquaculture group specialising in the farming and processing of black tiger prawns, has received approval from Bursa Malaysia to be listed on the ACE Market of Bursa Securities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
8 hours ago
- The Sun
Perak MB to present Bukit Merah water transfer project in cabinet meeting
TELUK INTAN: The Cabinet paper for the Bukit Merah water transfer project will be presented this week to tackle northern Perak's critical water shortage. Menteri Besar Datuk Seri Saarani Mohamad stated the paper incorporates state government feedback, as water supply falls under state jurisdiction. He emphasised the need to prioritise local contractors in the project's implementation. The Ministry of Energy Transition and Water Transformation has agreed to involve PKNPk and Gamuda as project implementers. Saarani shared these details during a press conference after the Customer Day Programme at Teluk Intan Municipal Council Hall. The RM6.2 billion project, a joint venture between PKNPk and Gamuda Bhd, aims to boost economic benefits for Perak residents. Workshops with state representatives helped finalise the project alignment to meet Perak's water demands. The initiative will support agricultural irrigation in northern Perak and supply water to the Kerian Integrated Green Industrial Park (KIGIP). Saarani urged expedited project completion to resolve irrigation issues and fulfil KIGIP's water needs. Excess water may be sold to Penang if surplus supply becomes available. In July, Gamuda Bhd and PKNPk were appointed to design, build, and operate a water treatment facility in Kerian. The privatised project, with a 40-year concession, is set to begin operations by 2030. - Bernama
The Sun
3 days ago
- The Sun
Dusit International expands Saudi portfolio with new dusitD2 resort in Al Ahsa
RIYADH, SAUDI ARABIA - Media OutReach Newswire - 8 August 2025 - Dusit International has signed a hotel management agreement with Al Ghadeer Group to operate dusitD2 Al Ahsa – a new upper-upscale resort in the heart of Al Ahsa Oasis, a UNESCO World Heritage Site in the eastern part of the Arabian Peninsula. The signing ceremony, held under the esteemed patronage of HRH Prince Saud bin Talal bin Badr Al Saud, Governor of Al Ahsa, was attended by notable dignitaries including Mr Naif Al Madi, Chief Business Officer of the Tourism Development Fund; Sheikh Bassem Al Ghadeer, Chairman of Al Ghadeer Group of Companies; and Mr Gilles Cretallaz, Chief Operating Officer of Dusit International. Located just 30 minutes by car from Al Ahsa International Airport and 90 minutes from Dammam, dusitD2 Al Ahsa is set amidst palm-fringed landscapes and dramatic mountain vistas. The resort will offer 120 spacious suites, ranging from one-bedroom to three-bedroom configurations, each with a private terrace and plunge pool, providing an elevated sense of privacy and relaxation. Designed by Cairo-based El Ghoneimi Architects, the resort's masterplan draws inspiration from the desert's timeless beauty, the nearby mountains, and the life-giving symbolism of the palm tree. Guests will enjoy a comprehensive range of premium facilities, including a wellness centre with private treatment rooms, meditation areas, and dedicated spaces for yoga and holistic healing; an elegant 1,500 sq m ballroom and expansive outdoor event lawn for weddings and large social or corporate gatherings; well-equipped meeting rooms for business travellers; a vibrant all-day dining restaurant; a lobby café offering light gourmet fare; a large outdoor swimming pool with an adjoining kids' pool; and a dedicated kids club providing engaging activities in a safe and stimulating environment. Surrounded by cultural and ecological treasures such as Al Qarah Mountain, Juatha Park, and the historic Qaisariah Souq, the resort is ideally positioned to serve as a gateway for domestic and international travellers seeking meaningful experiences and immersive stays amid the largest oasis in the world. 'This important signing reflects our strategic commitment to bringing Dusit's unique brand of Thai-inspired, gracious hospitality to key destinations worldwide and our dedication to delivering sustainable value for the communities we serve,' said Mr Gilles Cretallaz, Chief Operating Officer, Dusit International. 'We are delighted to partner with Al Ghadeer Group to create a destination that celebrates Al Ahsa's rich heritage and natural beauty while offering exceptional comfort, modern luxury, responsible design, and memorable experiences for guests of all ages.' Set to open in 2027, dusitD2 Al Ahsa underscores Dusit International's continued expansion in the Middle East, where the company currently operates nine properties and continues to explore opportunities to deliver holistic hospitality experiences across the region. It is the second Dusit-branded property confirmed for Saudi Arabia, following the upcoming opening of Dusit Princess Al Majma'ah, Riyadh, scheduled for Q4 this year.
New Straits Times
5 days ago
- New Straits Times
Gamuda set to exceed RM45bil orderbook target on strong domestic momentum
KUALA LUMPUR: Gamuda Bhd is set to exceed its RM40 billion to RM45 billion order book target for the year, underpinned by solid progress on domestic project wins. CGS International projects the group could close 2024 with an estimated RM42 billion in secured contracts, excluding a pipeline of high-value opportunities still in play. According to the research house, the estimate does not account for potential wins in Taiwan and Australia, nor major domestic contracts such as the Penang Light Rail Transit (LRT) system and the Inter-State Water Transfer project from Perak to Penang. Securing any of these additional projects would further boost Gamuda's order book, potentially pushing it well beyond current projections, it said in a note. "We expect one more Taiwan win by the end of the calendar year 2025. Moving into calendar year 2026, the pipeline looks promising, as it has three early contractor involvement (ECI) renewable energy projects in Australia. "It has also been shortlisted for the Parramatta Integrated Stations tender in New South Wales, the Northland Corridor highway project in New Zealand and the Sunshine Coast Railway project in Brisbane, Australia," it said. As of June 2025, Gamuda's order book stood at RM37.2 billion, with contract wins year-to-date amounting to RM18.4 billion. The firm has revised its valuation method for the group, switching from a sum-of-parts approach to a market capitalisation-to-order book ratio. It now assumes a sustainable order book of RM42.5 billion, the midpoint of Gamuda's calendar year 2025 guidance of RM40 billion to RM45 billion and has set a new target price of RM7.30, based on a 1.0 times ratio. According to the firm, Gamuda's average adjusted market cap-to-order book ratio stands at 1.2 times.
