MQ Market Updates - 05 February 2025
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Fajarbaru Builder Group Bhd (FAJAR) (FBG) and consortium partner Avionics Pty Ltd have bagged a RM131.6 million contract from the Australian Department of Defence.
Things are looking up for Keyfield International Bhd (KEYFIELD) as it recently secured two new vessel charters - for an anchor handling tug supply vessel (AHTS) and a dynamic positioning two accommodation work boat (DP2 AWB) - worth a combined RM59.6mil.
AMMB Holdings Bhd (AMBANK) (AmBank Goup) may still be on the lookout to sell its insurance units following the failed RM1.12 billion disposal to Singapore's Great Eastern Holdings Ltd.
Itmax System Bhd (ITMAX) says its subsidiary Southmax Sdn Bhd has been appointed by Pontian Municipal Council as the smart parking operator for outdoor parking spaces in Pontian, Johor.
Ge-Shen Corp Bhd (GESHEN) has entered into a binding term sheet with Plastico Sdn Bhd for the proposed disposal of five properties in Taman Gembira, Johor Baru, for an aggregate cash consideration of RM35mil.
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