KUALA LUMPUR: Wah Seong Corp Bhd has secured a US$254.09mil (approximately RM1.06bil) midstream contract by East African Crude Oil Pipeline (EACOP) Ltd.
OIL prices may be on the rise but so far that has had little impact on local oil and gas (O&G) counters. Bursa Malaysia’s Energy Index has declined 8% or 64 points to 735.59 points over the last one year.
KUALA LUMPUR: Stocks that could appear on investors' radar screen on Thursday include IHH Healthcare, LBS Bina, APB Resources, Wah Seong, NCT Allianc and MISC, according to JF Apex Research.
KUALA LUMPUR (Jan 5): Wah Seong Corp Bhd is selling a leasehold property in Pandan Road, Singapore for S$13 million (RM40.1 million) as part of its initiative to unlock idle assets and improve its working capital position. The piping expert said its indirect wholly-owned subsidiary in Singapore, WS Engineering & Fabrication Pte Ltd is selling the 13,734 sq m land together with buildings erected on it to Swee Joo (Pte) Ltd.