KUALA LUMPUR (April 20): Based on corporate announcements and news flow today, companies in focus tomorrow (April 21) may include: Gamuda Bhd, UEM Edgenta Bhd, FGV Holdings Bhd, KKB Engineering Bhd, Nexgram Holdings Bhd, M3 Technologies (Asia) Bhd, AT Systematization Bhd and Ajiya Bhd.
A joint venture (JV) between Gamuda Bhd and BMD Constructions Pty Ltd has been invited to tender for a motorway connecting to the south of Sydney, Australia, costing about A$2.6 billion (RM7.27 billion).
UEM Edgenta Bhd has teamed up with Kaodim Sdn Bhd — a regional e-marketplace services provider — to kick-start a collaboration between them, with an immediate pilot roll-out to a client of UEM Edgenta with a nationwide presence.
Under the collaboration, Kaodim will provide an enterprise platform solution for UEM Edgenta’s vendor procurement and delivery of services, the first-of-its-kind in the asset management and infrastructure solutions space.
FGV Holdings Bhd has voluntarily ceased operations at five palm oil mills within the Sahabat region in Lahad Datu, Sabah, after police enhanced the Movement Control Order (MCO) in the area following the detection of 11 Covid-19 cases.
KKB Engineering Bhd has bagged a contract worth RM15 million from Sarawak Energy Bhd for the supply and delivery of steel poles for one year.
Nexgram Holdings Bhd has teamed up with Indonesia’s PT Mitra Abadi Propertindo Utama (MAPU) to sell medical test kits in Indonesia and other Southeast Asian markets. MAPU has estimated that it will require 500,000 sets of detection and diagnostic kits and 500,000 sets of rapid test kits this year.
M3 Technologies (Asia) Bhd and AT Engineering Solutions Sdn Bhd, a unit of AT Systematization Bhd (ATS), have inked a Memorandum of Collaboration for the supply, provision enhancements and value additions to the anti-epidemic integrated disinfection chambers in the fight against Covid-19.
Ajiya Bhd’s net profit for the first quarter ended Feb 29, 2020 (1QFY20) almost tripled to RM3.1 million or 1.05 sen per share, from RM1.05 million or 0.35 sen a year earlier, despite recording lower revenue.
The metal roofing and safety glass maker said profit before tax swelled from the corresponding period in the preceding year partly due to higher interest and other income received.
Quarterly revenue, however, fell 4.56% to RM77.5 million from RM81.2 million on lower demand for its products.