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SCIB secures EPCC contract worth RM135mil


(SCIB), has clinched a RM135 million engineering, procurement, construction and commissioning (EPCC) contract.
SCIB said the letter of award (LOA) from Puncak Gemilang Melati Sdn Bhd was for Phase 1 of the proposed Malaysia Civil Servants Housing Programme (PPAM) in Muallim, Perak.
The 26-month contract would run from April 1, 2021, to June 1, 2023, the company said in a filing with Bursa Malaysia today.
The scope of the LOA includes overall earthwork, infrastructure and building as well as mechanical and engineering works and ancillary works.
Any profits attributable to the group would be realised in stages over the tenure of the contracts based on the progress of the projects, it said. ....

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Zhulian, TNB, Hibiscus, Axis REIT, MAHB, AirAsia, Widad, YTL Corp, FGV, INIX, Public Bank and Cymao


KUALA LUMPUR (Jan 20): Based on corporate announcements and news flow today, stocks that may be in focus on Thursday (Jan 21) include Zhulian Corp Bhd, Tenaga Nasional Bhd, Hibiscus Petroleum Bhd, Axis REIT, Malaysia Airports Holdings Bhd, AirAsia Group Bhd, Widad Group Bhd, YTL Corp Bhd, FGV Holdings Bhd, INIX Technologies Bhd, Public Bank Bhd and Cymao Holdings Bhd
Zhulian Corp Bhd’s net profit rose 49% to RM13.55 million for the fourth quarter ended Nov 30, 2020, from RM9.1 million a year earlier, thanks to higher revenue. Earnings per share climbed to 2.95 sen from 1.98 sen. Revenue for the quarter increased 11.46% to RM43.6 million from RM39.12 million previously. With better earnings in the quarter, the group declared a fourth interim dividend of three sen per share, as well as a special dividend of five sen per share, amounting to a total of eight sen, which will be paid on March 10. It had declared six sen in the same period last year. ....

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