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Why is this ASX 200 stock surging despite a $500 million writedown?

Why is this ASX 200 stock surging despite a $500 million writedown?
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CIMIC Group companies secure $500m BHP contract

CIMIC Group companies secure $500m BHP contract
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EXCLUSIVE: Meta Coming To Cheyenne; Multibillion-Dollar Data Center Planned

EXCLUSIVE: Meta Coming To Cheyenne; Multibillion-Dollar Data Center Planned
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thyssenkrupp Uhde completes EnviNOx project for Dyno Nobel in Australia

thyssenkrupp Uhde completes EnviNOx project for Dyno Nobel in Australia
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Reducing Greenhouse gas emissions in Australia

Thyssenkrupp Uhde has reached a significant milestone in the fight against climate change with the successful completion of the EnviNOx® project for Dyno Nobel in Moranbah, Australia. Click to read more. ....

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