KUALA LUMPUR (April 3): Based on corporate announcements and news flow today, stocks in focus for Monday (April 6) may include the following: Sarawak Consolidated Industries Bhd, Boustead Holdings Bhd, P.I.E. Industrial Bhd, Microlink Solutions Bhd and Bursa Malaysia Bhd.
Sarawak Consolidated Industries Bhd (SCIB) has secured projects worth a combined RM864.54 million in Oman and Qatar.
SCIB said its wholly-owned subsidiary SCIB International (Labuan) Ltd has received the Letter of Award for the engineering, procurement, construction and commissioning projects.
SCIB said the construction package involves the complete construction of 20 villas on Street 14, Block 112, Ruwi, Muscat Sultanate in Oman.
Meanwhile, the projects in Qatar involve the construction and completion of two service centres located in Al Khor, and the construction, completion and maintenance of 18 five-storey buildings with new boundary wall, guardhouse and car park in Doha.
Boustead Holdings Bhd's subsidiary Boustead Petroleum Marketing Sdn Bhd (BHPetrol) has appointed Leslie Ng Chie Shean as its new chief executive officer (CEO).
In a statement, BHPetrol said Ng took over as CEO on April 1, 2020. He succeeds Tan Kim Thiam, who retired from the position on Dec 31, 2019.
BHPetrol’s acting CEO Azizul Azily will resume his duties as its general manager of supply, retail and government and public affairs.
P.I.E. Industrial Bhd has proposed a special dividend of 2.6 sen a share besides a first and final payout of 2.4 sen for the financial year ended December 31, 2019 (FY19).
P.I.E., which manufactures cables and wires, said it has proposed the single-tier dividends for shareholders’ approval at the company’s annual general meeting.
Microlink Solutions Bhd has bagged a RM2.46 million contract from Bursa Malaysia Bhd to migrate and upgrade the latter's existing software system.
Microlink Solutions said its subsidiary Formis Computer Services Sdn Bhd (FCS) has received a letter of intent from Bursa, who wants to upgrade its existing MiHCM Digital HCM (human capital management) system to the latest version.
“The project is valued at RM2.46 million over five years, [which] will involve migration of 600 existing users to the new version of the MiHCM Digital HCM platform. Implementation is projected to take place over the next seven months,” it said.
https://www.theedgemarkets.com/article/scib-boustead-pie-microlink-solutions-and-bursa-malaysia
