Latest news with #RM44.12mil
The Star
14-05-2025
- Business
- The Star
Nestcon wins RM44mil Labu project
KUALA LUMPUR: Nestcon Bhd 's subsidiary, Nestcon Borneo Sdn Bhd (NBSB), has received a RM44.12mil contract from Matrix Excelcon Sdn Bhd for site clearing and earthworks in Labu, Negri Sembilan. In a filing with Bursa Malaysia, Nestcon said the contract covers site clearing and earthworks for a proposed 1,382-acre mixed development in Labu. NBSB is a 51%-owned subsidiary of Nestcon Infra Sdn Bhd, which in turn is a wholly-owned subsidiary of Nestcon. The sub-contract works will begin on May 15, 2025, and are expected to be completed within 32 months, by Jan 14, 2028. Nestcon expects the contract to contribute positively to its net assets per share, earnings per share, and gearing throughout the duration of the works.
The Star
14-05-2025
- Business
- The Star
Trading ideas: Nestcon, DNeX, Uzma, Peterlabs, DKSH, OMH, Keyfield
KUALA LUMPUR: Stocks to watch today include Nestcon Bhd , Dagang Nexchange Bhd (DNeX), Uzma Bhd , Peterlabs Holdings Bhd , DKSH Holdings (M) Bhd , OM Holdings Ltd (OMH) and Keyfield International Bhd. Nestcon's Nestcon Borneo Sdn Bhd (NBSB), has received a RM44.12mil contract from Matrix Excelcon Sdn Bhd for site clearing and earthworks in Labu, Negri Sembilan. DNeX, via its subsidiary Dagang Net Technologies Sdn Bhd, has secured contracts worth US$1.8mil to provide site facilitation and supply of technical and technological equipment at six international sites in Malaysia, Indonesia, and Turkiye. Uzma's wholly owned subsidiary, Uzma Engineering Sdn Bhd, has secured a contract from PETRONAS Carigali Sdn Bhd for the provision of electric wireline cased-hole services. Peterlabs has suspended its executive director, Datuk Loh Saw Foong from his duties, executive functions and roles with immediate effect for two weeks, pending the outcome of an internal investigation. In the 1Q25 ended March 31, DKSH's net profit rose 19% y-o-y to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Its revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. OMH's subsidiary, OMH (Mauritius) Corp, has signed a conditional agreement with Exxaro Resources Ltd to sell its 26% stake in Ntsimbintle Mining for approximately US$101.4mil. Keyfield has secured a work order from PETRONAS Carigali Sdn Bhd to provide an accommodation work boat for offshore operations, as part of a panel contractor contract for offshore support vessel services.
The Star
13-05-2025
- Business
- The Star
Nestcon subsidiary wins RM44.12mil contract in Labu
KUALA LUMPUR: Nestcon Bhd 's subsidiary, Nestcon Borneo Sdn Bhd (NBSB), has secured a RM44.12mil contract from Matrix Excelcon Sdn Bhd for site clearing and earthworks in Labu, Negeri Sembilan. In a filing with Bursa Malaysia, Nestcon said the contract covers site clearing and earthworks for a proposed 1,382-acre mixed development in Labu. NBSB is a 51% owned subsidiary of Nestcon Infra Sdn Bhd, which in turn is a wholly-owned subsidiary of the company. The sub-contract works will begin on May 15, 2025, and are set to complete in 32 months, by Jan 14, 2028. Nestcon expects the contract to contribute positively to the company's net assets per share, earnings per share, and gearing throughout the duration of the sub-contract works.
