<div class=newsTextDataWrapInner>KUALA LUMPUR (May 21): HeiTech Padu Bhd has bagged a RM126.02 million maintenance and technical support services contract from the Road Transport Department of Malaysia (JPJ). 
 
In a filing with Bursa Malaysia today, HeiTech Padu said it inked the letter of award today for the job, which involves the maintenance and technical support services for hardware and software of mainframe systems. 
 
It said the contract is for 29 months. Started since May 1, 2020, it will end on Sept 30, 2022. 
 
"The contract is expected to have positive effects on future earnings and earnings per share of HeiTech," it said. 
 
Shares in HeiTech Padu closed unchanged at RM1.11 today, valuing the company at RM112.36 million. 
 
The counter has jumped some 48% over the past one month from 75 sen on April 22, when HeiTech Padu announced it had secured a two-year RM19.89 million hardware and software upgrade contract from the National Registration Department. From a year ago, the stock is up over 20%.</div>
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HeiTech Padu Bhd has bagged a RM126.02 million maintenance and technical support services contract from the Road Transport Department of Malaysia.

HeiTech Padu bags RM126.02m contract from JPJ

Shares in Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, did not fare well on Thursday, folllowing news of a privatisation offer at RM11 per share led by a consortium of its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF).

MAHB shares fall as investors are cautious about privatisation deal

The industry regulator says it’s "minded to" take action against struggling utility Thames Water, as part of an investigation into why shareholders were paid millions of pounds in dividends last year despite poor performance.

UK’s Ofwat ‘minded to’ take action on Thames Water dividend

Property developer S P Setia Bhd (KL:SPSETIA) posted a 39.46% year-on-year jump in its net profit for the first quarter of the year, as it recorded stronger revenue, driven by higher contribution from both its domestic business as well as its operations in Vietnam.

S P Setia 1Q profit jumps 40% as revenue climbs, says on track to achieve RM4.4 bil sales target

The construction of the Tanjong Karang-Assam Jawa section of Section 7 of the West Coast Expressway (WCE) has reached 71%, and is expected to be completed in March 2026.

Tanjong Karang-Assam Jawa section of West Coast Expressway ready in March 2026, says Nanta

Malaysian Pacific Industries Bhd (KL:MPI) posted a net profit of RM32.76 million for the third quarter ended March 31, 2024 (3QFY2024), in contrast to a net loss of RM17.83 million a year ago, thanks to higher revenue and better foreign exchange rates.

MPI expects semiconductor industry to be volatile in near term despite improved earnings, pays 25 sen dividend

Walmart Inc breezed to another quarter of sales growth and said it now expects the full year to be slightly better than planned as the big-box retailer attracts price-conscious consumers looking for essentials and discounts.

Walmart sales surge as wealthier shoppers flock to retailer

Kawan Food Bhd’s (KL:KAWAN) net profit in the first quarter ended March 31, 2024 (1QFY2024) rose 17.1% to RM9.22 million from RM7.88 million in the same quarter last year, in line with higher revenue.

Kawan Food reports stronger 1Q profit, warns ‘signs of recession’ showing in global economy

The Ministry of Natural Resources and Environmental Sustainability will consider proposals regarding the need to enact laws related to carbon emissions in the second phase of the Environmental Quality (Amendment) Bill.

Govt studying need to enact carbon emission-related legislation, says Nik Nazmi

Engineering support services provider Coraza Integrated Technology Bhd (KL:CORAZA) remained in the red for the third consecutive quarter, posting a net loss of RM1.32 million for the first quarter ended March 31, 2024.

Coraza stays in the red in 1Q amid semiconductor market downturn

Six more highways have agreed to implement the open payment toll collection system (SPT) starting September, said Public Works Minister Datuk Seri Alexander Nanta Linggi.

Open payment system on six more highways starting September — minister

Rakuten Trade said trading in rubber glove stocks took the limelight on Wednesday, buoyed by the US tariff imposition on Chinese goods which will only take effect in two years.

Analysts say glove stocks rally a knee-jerk euphoria, advise investors to stay vigilant

KUALA LUMPUR (May 16): Shares of Malaysian glove manufacturers fell on Thursday, as analysts advised investors to remain vigilant over emerging concerns on US tariffs on Chinese goods, which will not take effect for another two years.

Glove counters surrender gains as analysts advise investors to stay vigilant

A three-member Court of Appeal bench on Thursday upheld a High Court decision given two years ago, which had dismissed an Inland Revenue Board (IRB) claim of taxes amounting to RM1.8 billion against Tenaga Nasional Bhd (KL:TENAGA).

TNB need not pay RM1.8b additional taxes as appellate court upholds High Court's decision

Shares in Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, did not fare well on Thursday, folllowing news of a privatisation offer at RM11 per share led by a consortium of its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF).&nbsp;

KUALA LUMPUR (May 16): The Malaysian Aviation Commission (Mavcom) has revoked the Air Service Licence (ASL) of scheduled air cargo operator My Jet Xpress Airlines Sdn Bhd.

Mavcom revokes Air Service Licence of My Jet Xpress Airlines

Shares of AEON Co (M) Bhd (KL:AEON) surged to their highest in 20 months as investors cheered the department store operator’s first-quarter results while analysts raised their forecasts to catch up with the stronger-than-expected earnings.

AEON shares jump to 20-month high after 50% surge in 1Q net profit

(May 16):&nbsp;Singapore Airlines Ltd&nbsp;will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.

Singapore Air staff get eight months' salary bonus after record profits

KUALA LUMPUR (May 16): IJM Land Bhd, the property arm of construction giant IJM Corporation Bhd (IJM Corp)(KL:IJM), said on Thursday that it has secured eight central London sites for development with its partner Network Rail Property.

IJM, partner secure eight central London sites for development

National oil firm Petroliam Nasional Bhd’s (Petronas) subsidiary Suriname E&amp;P BV&nbsp;(Petronas Suriname E&amp;P) has made a third hydrocarbon discovery in Suriname’s Block 52 at the Fusaea-1 exploration well, located about 170km offshore and 9km east from Roystonea-1.

Petronas makes oil and gas discovery at Suriname's offshore Block 52

Property developer UEM Sunrise Bhd (KL:UEMS) and its partners plan to develop a 40-acre renewable energy industrial park in Iskandar Puteri, Johor.

UEM Sunrise, partners to develop renewable energy park in Johor

KUALA LUMPUR (May 16): Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more than eight months, after the builder and property developer announced that it has secured a contract worth RM174.3 million.

Mitrajaya surges to over eight-month high amid active trade after RM174m contract win

Gold and jewellery brand Tomei Consolidated Bhd (KL:TOMEI) anticipates that the newly introduced Employees Provident Fund's (EPF) Account 3 will enhance consumers' spending power, potentially boosting its retail sales.

Tomei anticipates retail boost from new EPF Account 3

The government should encourage more graduates to work abroad for better salaries to service their student debt, as Malaysia is experiencing wage stagnation and an erosion of living standards, according to the Khazanah Research Institute (KRI).

Encourage graduates to work abroad for better salaries to service student debt, Khazanah Research tells Putrajaya

Sarawak Cable Bhd (KL:SCABLE) on Thursday said that the High Court has allowed the winding-up petition by OCBC Bank (Malaysia) Bhd on its subsidiaries Universal Cable (M) Bhd and Leader Cable Industry Bhd.

High Court gives nod for OCBC to wind up Sarawak Cable’s subsidiaries

Industrial paint and coating manufacturer Smart Asia Chemical Bhd (KL:SMART), which is set to be listed on the ACE Market of Bursa Malaysia on May 28, said its initial public offering (IPO), priced at 40 sen apiece, has been oversubscribed by 33.8 times.

Smart Asia Chemical oversubscribed by 33.8 times ahead of ACE Market listing

Shares in Apex Healthcare Bhd (KL: AHEALTH) fell again on Thursday, and may be on track for their worst day in nearly a year, after the pharmaceutical company posted weaker-than-expected first-quarter results.

Apex Healthcare shares extend decline after 1Q results

Meta Platforms has restored Facebook posts by Malaysian media covering Prime Minister Datuk Seri Anwar Ibrahim's meeting this week with a Hamas leader, saying they were removed in error.

Meta restores Facebook posts by Malaysian media on Anwar's meeting with Hamas

theedgemalaysia.com&nbsp;highlighted three stocks with positive momentum and 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday. &nbsp;

Straits Energy, Revenue, AEON Co, Notion VTec, L&P Global, MBSB, Hume Cement, VSTECS, ELK-Desa, Icon Offshore, Dancomech, WMG, SCGM, Jiankun International, Mitrajaya

Ekuiti Nasional Bhd (Ekuinas) is investing RM37 million in local Bumiputera company Mizou Holdings Sdn Bhd, which is mainly involved research and development, sales, distribution and support services of specialised agricultural machinery designed for the upstream palm oil sector.

Ekuinas invests RM37m in industrial machinery developer Mizou

Norway’s US$1.7 trillion (RM7.96 trillion) sovereign wealth fund has decided to exclude Adani Ports &amp; Special Economic Zone Ltd&nbsp;from its portfolio, citing 'unacceptable'&nbsp;risks that the company is tied to human rights violations in war and conflict zones.