Company Overview and News

Mudajaya unit secures RM90mil Islamic financing facilities

PETALING JAYA: Construction firm Mudajaya Group Bhd ’s wholly owned subsidiary, Mudajaya Corp Bhd, has secured RM90mil worth of Islamic financing facilities from Kuwait Finance House (M) Bhd.

Trading ideas: Mudajaya, EITA Resources, Hap Seng, 7-Eleven

KUALA LUMPUR: JF Apex Research expects Mudajaya Group Bhd , EITA Resources Bhd , Hap Seng Consolidated Bhd , 7-Eleven Malaysia Holdings Bhd and Datasonic Group Bhd to be among the stocks to watch on Thursday.

Mudajaya unit issues sukuk

PETALING JAYA: Mudajaya Group Bhd ’s unit, Sinar Kamiri Sdn Bhd, has issued its RM245mil green SRI sukuk wakalah at a coupon rate of between 4.96% and 6.35% per year.

Trading ideas: BHS, PetDag, Samchem, Mudajaya, Dialog

KUALA LUMPUR: BHS Industries , Petronas Dagangan, Samchem Holdings, Mudajaya Group and Dialog Group are among stocks to watch on Monday, according to JF Apex.

After Mudajaya’s exit, Penang undersea tunnel firm says already looking at new bidders

2017-11-11 themalaymailonline
Last month, Consortium Zenith said there was no urgency to present its feasibility study on the proposed undersea tunnel connecting Penang island to the mainland. ― Picture by KE OoiKUALA LUMPUR, Nov 11 — Mudajaya Group Bhd’s withdrawal from the proposed undersea tunnel connecting Penang island to the mainland does not pose new obstacles to the project, its main concessionaire Consortium Zenith Construction Sdn Bhd said today.

Mudajaya withdraws from Penang undersea tunnel project

2017-11-11 themalaymailonline
KUALA LUMPUR, Nov 11 ― Mudajaya Group Bhd has announced its withdrawal from the proposed undersea tunnel connecting Penang island to the mainland, raising new questions with regards to the project's future.

Mudajaya withdraws from Penang mega infrastructure project

Mudajaya got a letter of award to build the bypass from Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway (above).

Mudajaya wins RM1.16bil LRT3 job from Prasarana

PETALING JAYA: Mudajaya Group Bhd has bagged an award worth RM1.16bil from Prasarana Malaysia Bhd for construction works relating to the Light Rail Transit Line 3 (LRT3) project from Bandar Utama to Johan Setia.

Trading ideas: Mudajaya, Al-Salam Reit

KUALA LUMPUR: Mudajaya Group Bhd and Al-Salam Real Estate Investment Trust (Reit) are among the stocks to watch on Wednesday, according to JF Apex Research.

Mudajaya bags RM119mil job to build office tower

PETALING JAYA: Mudajaya Group Bhd has received RM118.6mil contract from KLIAA-KLIACS Consortium to build a 16-storey office tower located in Shah Alam.

Breakfast briefing: Wednesday, October 4

MarketWatch: The three major US stock indexes and the Russell 2000 posted record high closes for the second straight day on Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales. The DJIA rose 84.07 points, or 0.37%, to close at 22,641.67, the S&P 500 gained 5.46 points, or 0.22%, to 2,534.58 and the Nasdaq added 15.00 points, or 0.23%, to 6,531.71. - Reuters

Breakfast briefing: Friday, September 22

MarketWatch: US stock indexes slipped on Thursday as investors braced for a third interest rate hike this year and the United States ordered new sanctions against North Korea. The DJIA fell 53.36 points, or 0.24%, to 22,359.23, the S&P 500 lost 7.64 points, or 0.30%, to 2,500.6 and the Nasdaq dropped 33.35 points, or 0.52%, to 6,422.69. - Reuters

Mudajaya sets issue price of placement shares

The company said in a July stock exchange filing that the funds raised from the placement exercise will be used to fund the construction of a new power concession asset that was awarded to the company on Dec 21 last year. (Filepic)

Breakfast briefing: Tuesday, August 1

MarketWatch: The Dow Jones Industrial Average hit a record closing high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower. The DJIA rose 0.28% to end at 21,891.12 points and the S&P 500 lost 0.07% to 2,470.3. The Nasdaq dropped 0.42% to 6,348.12. - Reuters

Mudajaya plans private placement to raise up to RM75mil

The construction engineering company said in a Bursa Malaysia announcement that the placement exercise is expected to raise up to RM75.45mil in a maximum scenario, and at least RM67.30mil in a minimum scenario situation

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