Gamuda Hits Record High: Analysts Optimistic About Malaysia's Construction Sector

Gamuda announced the securing of an AUD 1.6 billion (MYR 5 billion) contract on Thursday. The stock price has risen by more than 80% since the beginning of the year. Analysts are optimistic about Gamuda's performance and predict that the prospects of Malaysia's construction industry will further improve in the second half of 2024.

ColumnJul 19 05:37 ET

JAKS Resources Unit, China Power to Bid for Solar PV Project in Malaysia; Shares Rise 6%

JAKS Resources (KLSE:JAKS) unit JAKS Solar Power inked a memorandum of understanding with China Power Engineering Consulting Group International Engineering to develop solar photovoltaic (PV) plants,

MT NewswiresJul 15 00:38 ET

MY Morning Wrap | Nestcon Aims to Raise RM27.27 Million via Private Placement

Stocks to watch: Nestcon, Johor Plantations, Toyo Ventures.

Moomoo News MYJul 14 20:34 ET

Toyo Ventures, Theta Edge, KNM, REDtone, Johor Plantations, Kimlun, JAKS Resources, Uzma, Radiant Globaltech, Tafi Industries, Minetech, Nestcon, EVD

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

The Edge MarketsJul 12 11:24 ET

JAKS Resources Partners With Chinese Firm to Bid for 500MWac Solar PV Plants Under LSS5 Programme

Construction and power utilities group JAKS Resources Bhd (KL:JAKS) has partnered with Shanghai-based China Power Engineering Consulting Group International Engineering Co Ltd (CPECC INT'L) to bid for the development of solar photovoltaic (PV) plants with a maximum aggregate capacity of 500 megawatt of alternating current (MWac), under the Energy Commission’s fifth Large Scale Solar (LSS5) programme.

The Edge MarketsJul 12 06:51 ET

JAKS Partners CPECC INT'L To Develop Solar Photovoltaic Plants Under LSS5

JAKS Resources Berhad's (JAKS) wholly-owned subsidiary, JAKS Solar Power Holdings Sdn Bhd has entered into a Memorandum of Understanding with China Power Engineering Consulting Group International Engineering Co., Ltd. (CPECC INT'L).

Business TodayJul 12 06:01 ET