Latest news with #BenalecHoldingsBhd
BusinessToday
2 days ago
- Business
- BusinessToday
Bursa Opens Higher As KLCI Gains Ground Amid Broad-Based Optimism
Bursa Malaysia started the day on a positive note, with the benchmark FBM KLCI advancing 6.93 points or 0.46% to 1,523.88 as at 9.06 am, tracking gains across regional bourses and renewed investor confidence. Broader market indices also opened in the green. The FBM 70 rose 35.14 points to 16,521.80, the FBM Emas climbed 40.00 points to 11,434.12, while the FBM Shariah Index gained 32.95 points to 11,402.17. The FTSE4Good Bursa Malaysia Index (F4GBM) added 3.66 points to 923.21. Among the most active stocks, Mpire Global Bhd topped the list, rising 0.5 sen to 12 sen with 65.7 million shares traded. Benalec Holdings Bhd followed closely, gaining 1 sen to 9.5 sen on a volume of 59.1 million shares. KNM Group Bhd remained unchanged at 3 sen with 26.7 million shares transacted. CTOS Digital Bhd slipped 2 sen to 96 sen, while Bina Puri Holdings Bhd stayed flat at 26 sen. The upbeat market sentiment came as investors digested a mix of local corporate news and global cues, including progress in US-China trade discussions and anticipation of key economic data from major economies. Related
New Straits Times
2 days ago
- Business
- New Straits Times
Benalec unit secures TNB fuel coal transport contract
KUALA LUMPUR: Benalec Holdings Bhd said its wholly-owned unit, Benalec Sdn Bhd, has accepted a letter of acceptance (LoA) from TNB Fuel Services Sdn Bhd for a contract involving the transportation of bulk coal. In a filing with Bursa Malaysia on Tuesday, the marine construction firm said the LoA was formally accepted on the same day. "The contract duration is for a principal period of two years, commencing June 6, 2025 and ending June 5, 2027, with an option to extend for one year upon mutual agreement," it said. Under the agreement, Benalec will transport 3.5 million metric tonnes of coal annually during the initial contract period, with TNB Fuel retaining the right to increase the volume by up to 20 per cent. Freight rates under the contract will range from US$4.84 to US$88.75 per metric tonne, with payments made in ringgit based on the exchange rate quoted by Bank Negara Malaysia. Benalec said the contract will not affect its share capital or shareholding structure. "The contract is expected to contribute positively to the company's earnings and net assets for the financial year ending Dec 31, 2025 and subsequently until its completion," it said. It added that no significant risks are anticipated, though the company will continue to monitor and manage any potential risks throughout the project's duration. "The board of directors, having considered all aspects of the contract, is of the view that it is in the best interest of the company," Benalec said.
