Trading ideas: Gamuda, Uzma, MyEG, Cabinet, Malakoff, Resintech


KUALA LUMPUR: Stocks to watch today include Gamuda Bhd, Uzma Bhd, My E.G. Services Bhd, Cabinet Holdings Bhd, Malakoff Corp Bhd and Resintech Bhd.

Gamuda’s 75%-owned joint venture company has been appointed as the total development contractor to build a hydroelectric plant in Sabah for RM3.5bil.

Uzma’s foreign subsidiary, Uzma Engineering Limited Philippine Branch, has signed a well services contract with Philippine Geothermal Production Company, Inc. for the provision of drilling cementing services.

MyEG’s sub-subsidiary MYEG Philippines Inc., has formed a partnership with the National Home Mortgage Finance Corporation to integrate the MYEG payment gateway into the latter’s online payment service platform.

Cabinet has secured a RM22.5mil contract from Pamir Development Sdn Bhd for M&E installation works for a project in Johor Bahru.

Malakoff said the deadline for the fulfilment of the conditions precedent in the group's proposed acquisition of a 49% stake in solid management company E-Idaman Sdn Bhd has been extended for a third time till Jan 28, 2025.

Resintech has proposed the acquisition of a 4,280-sq-metre piece of leasehold industrial land in Telok Panglima Garang, Selangor for RM11mil to support future expansion.

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Gamuda , Uzma , MyEG , Cabinet , Malakoff , Resintech

   

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