Trading ideas: Gamuda, Avangaad, Avaland, Powerwell, Perdana Petroleum, Key Asic, Samaiden, Kerjaya Prospek, LFG, CCIB
Gamuda has signed a landmark deal with Tasmanian landowners to co-develop up to 600 MW of wind and solar energy plus 600 MW of battery storage, marking its first major renewable energy venture in Australia.
Avangaad, formerly known as EA Technique Bhd, has secured a total of RM66.8mil in new contracts from Northport (Malaysia) Bhd, contributing to revenue growth in its port and tugboat operations.
Avaland is acquiring a parcel of leasehold development land measuring 2.2-acres in Section 13, Petaling Jaya from Comit Communication Technologies (M) Sdn Bhd for RM49mil.
Powerwell's wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd (KPSB), has accepted four purchase orders worth RM16.6mil for the supply of switchboards and components to a hyperscale data centre project in Elmina Business Park, Selangor.
PPB has accepted a work order award (WOA) from a Petroleum Arrangement Contractor (PAC) for the provision of one anchor handling tug and supply vessel.
Key Asic has secured a RM13.1mil artificial intelligence (AI) chip design contract from a leading technology company.
Samaiden is proposing to acquire two parcels of agricultural land in Teluk Intan, Perak, measuring approximately 185.57 hectares from Kelapa Sawit (Teluk Anson) Sdn Bhd for RM45.5mil.
Kerjaya Prospek, through its wholly-owned subsidiary, Senandung Raya Sdn Bhd, has acquired three pieces of freehold land measuring a total of 2.9941 hectares at Jalan Puchong, Kuala Lumpur for a total purchase consideration of RM112.8mil.
LFG indirect wholly-owned subsidiary, Omni Victory (L) Inc., has entered into a memorandum of agreement (MOA) for the proposed disposal of Omni Victory for RM32.02mil to Huashun Shipping (Liberia) Inc.
CCIB, via its indirect wholly-owned subsidiary, Indah Secretarial (Penang) Sdn Bhd, has entered into a share purchase agreement to acquire the entire issued shares of Alpadis Trust (Labuan) Ltd for US$750,000.
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