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Trading ideas: Gamuda, Kawan Renergy, Pekat, Warisan TC, Tan Chong, Avaland, Greenyield, UUE, CelcomDigi, Solarvest, Camaroe

Trading ideas: Gamuda, Kawan Renergy, Pekat, Warisan TC, Tan Chong, Avaland, Greenyield, UUE, CelcomDigi, Solarvest, Camaroe

The Star17-07-2025
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
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.
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DISCOVER YOUR GREEN SANCTUARY
DISCOVER YOUR GREEN SANCTUARY

The Star

time10 hours ago

  • The Star

DISCOVER YOUR GREEN SANCTUARY

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Perak MB to present Bukit Merah water transfer project in cabinet meeting
Perak MB to present Bukit Merah water transfer project in cabinet meeting

The Sun

time3 days 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

Dusit International expands Saudi portfolio with new dusitD2 resort in Al Ahsa
Dusit International expands Saudi portfolio with new dusitD2 resort in Al Ahsa

The Sun

time5 days ago

  • The Sun

Dusit International expands Saudi portfolio with new dusitD2 resort in Al Ahsa

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