Friday 29 Mar 2024
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KUALA LUMPUR (July 2): Bintulu Port Holdings Bhd has awarded a RM38 million contract to Senari Machinery Sdn Bhd, which has been tasked to build three cranes for the port operator.

In a statement to Bursa Malaysia today, Bintulu Port (valuation: 1.1, fundamental: 2.3) said the contract involved the design, construction, delivery, installation, testing and commissioning of the luffing cranes.

Bintulu Port said the duration of the contract was 14 months from the date of work commencement.

"A sum of RM2,779.86 being 0.0219% of cost per unit price per day shall be imposed as liquidated and ascertained damages for non-performance of the above works," Bintulu Port said.

Thinly-traded Bintulu Port shares have not been traded so far today. The stock's latest closing price last Friday was RM6.90 for a market capitalisation of RM3.17 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

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