<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 9): WZ Satu Bhd has bagged an RM16.5 million contract from AsPac Lubricants (Malaysia) Sdn Bhd, a member of oil and gas BP Group, for the installation works at AsPac’s lubricant blending plant in Port Klang.</p></div>

<div class=newsTextDataWrapInner><p>The contract, awarded to WZ Satu’s subsidiary WZS Misi Setia Sdn Bhd, covers mechanical, electrical and instrumentation installation works and also the supply of partial materials, construction and commissioning of the upgrading system, the group said in a filing today.</p></div>

<div class=newsTextDataWrapInner><p>The duration of the contract is eight months commencing from Oct 1.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to contribute positively to the future earnings and net assets per share of the company for the financial year ending Dec 31 2020 and Dec 31, 2021,” said WZ Satu.</p></div>

<div class=newsTextDataWrapInner><p>Shares of WZ Satu, which has declined some 17% year to date, rose 0.5 sen or 2.7% to close at 19 sen today. The group has a market capitalisation of RM97.22 million.</p></div>


WZ Satu Bhd has bagged an RM16.5 million contract from AsPac Lubricants (Malaysia) Sdn Bhd, a member of oil and gas BP Group, for the installation works at AsPac’s lubricant blending plant in Port Klang.

The contract, awarded to WZ Satu’s subsidiary WZS Misi Setia Sdn Bhd, covers mechanical, electrical and instrumentation installation works and also the supply of partial materials, construction and commissioning of the upgrading system, the group said in a filing today.

WZ Satu bags RM16.5m contract for installation works in Port Klang

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Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who buttressed his campaign despite being holed up in Nicaragua's embassy.

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The case for a European Central Bank (ECB) interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB chief economist Philip Lane told Spanish newspaper El Confidencial on Monday.

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Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.

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Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.

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Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah arrived in Singapore on Monday for a two-day state visit to the republic.

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Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering & Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.

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President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.

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<p>The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.</p>


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<p>BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.</p>


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<p>Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.</p>


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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert last Thursday, the commission said the following persons/entities were added to the list:</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.</p>

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<p>Across much of the developed world, one of the most dependable drivers of economic growth is faltering.</p>

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<p>EQT AB agreed to buy technology consultant Perficient Inc in a deal valued at about US$3 billion (RM14.22 billion) including debt.</p>


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<p>Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.</p>


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<p>Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.</p>


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<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah arrived in Singapore on Monday for a two-day state visit to the republic.</p>


<p>The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.</p>


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<p>Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by US media outlets.</p>


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<p>Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the US and a return to normal consumption after last year's bounce following Covid-19.</p>


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<p>Qantas Airways Ltd will pay a A$100 million (RM313.78 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as chief executive officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.</p>


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<p>A Chinese programme providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.</p>
