Jaks Resources, Zelan, Gamuda, Tenaga, Tadmax, OCK, Wah Seong, MISC, Tien Wah, Pentamaster

Construction and water pipe company Jaks Resources Bhd has been awarded a RM508.5 million package under the Sungai Besi-Ulu Kelang Expressway (SUKE) project.

The package, to be undertaken by its wholly-owned subsidiary Jaks Sdn Bhd, was awarded by Turnpike Synergy Sdn Bhd, a unit of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas). Prolintas is wholly owned by Permodalan Nasional Bhd.

Jaks said its contract is for a 30-month period with an expected completion date of Feb 28, 2019.

Meanwhile, Zelan-Hasrat Sedaya Consortium (ZHSC) has bagged a work package for the Sungai Besi-Ulu Klang Elevated Expressway (SUKE) worth RM257.61 million.

ZHSC is a consortium comprising Zelan Construction Sdn Bhd, a wholly-owned subsidiary of Zelan Bhd, and Hasrat Sedaya Sdn Bhd.

In a filing with Bursa today, Zelan said the consortium has today received a letter of acceptance (LoA) from Turnpike Synergy Sdn Bhd for the tender submitted by ZHSC for the work package SUKE-CB2 — construction and completion of mainline and other associated works for chainage 15000 to 16700 of the highway.

The works cover along Jalan Taman Putra for approximately 1.7km, the construction firm said.

The contract duration is 30 months, commencing on Aug 29.

SRS Consortium Sdn Bhd, a 60:20:20 joint venture between Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, has duly accepted an extension of a letter of award (LoA) by the Penang state government to Feb 28, 2017 for its appointment as the project delivery partner (PDP) for the implementation of the Penang Transport Master Plan (PTMP), according to a bourse filing by Gamuda.

The consortium had on Aug 14 last year received the LoA dated Aug 12, 2015 from the Penang government, appointing it as the PDP for the implementation of the PTMP, the first PTMP project was expected to be rolled out by 2017.

Tenaga Nasional Bhd said today it has not been notified by the Energy Commission in relation to its participation in the development of Tadmax Resources Bhd's 1,000MW power plant in Pulau Indah, Selangor.

In a filing with Bursa Malaysia today, the state-controlled utility giant said it has not received any notification to that effect up until now.

Tadmax on Wednesday announced that the company has received a letter of award from the Energy Commission to build a 1,000MW combined cycle gas-fired power plant project in Pulau Indah.

OCK Group Bhd's 60%-indirectly owned unit OCK Vietnam Towers Pte Ltd plans to acquire Southeast Asia Telecommunications Holdings Pte Ltd (SEATH) for US$50 million (RM203.8 million).

OCK, a telecommunication tower builder, said the acquisition from Vietnam Infrastructure Ltd, is aimed at expanding into the construction and leasing of telecommunication towers and infrastructure to mobile network operators that are project driven and backed by long-term lease rentals ranging from five to 10 years.

In a bourse filing today, OCK said the long-term contracts secured by SEATH for the lease of its base transceiver station (BTS) towers are expected to provide a steady stream of income to the group.

OCK Vietnam, which is 40% owned by CapAsia Telecommunications Ltd, will own SEATH as a 60% indirect unit, allowing parent company OCK to consolidate the financial results of SEATH and its subsidiaries.

Wah Seong Corp Bhd's indirect subsidiary PT Wasco Engineering Indonesia has been awarded a US$41.2 million (RM166.7 million) subcontract by Schneider Electric France SAS to design and build seven pre-fabricated area sub-stations for a project in Kazakhstan.

The subcontract, which is for the provision of engineering, design, fabrication and construction services for the oil and gas industry, is expected to commence in the third quarter of 2016 and completed by Dec 31, 2018, said Wah Seong in an announcement to Bursa.

The scope of work involves 3D modelling, structural analysis and design, blast wall design and design of all ancillary system such as lighting, safety, fire and gas detection, it said.

MISC Bhd reported an 80% rise in second quarter's net profit at RM1.35 billion from RM745.19 million a year earlier, mainly on a substantial gain from the acquisition of subsidiaries.

MISC announced that its net profit for the second quarter ended June 30, 2016 (2QFY16) included an RM847.3 million net gain on acquisition of subsidiaries.

MISC said revenue fell to RM2.39 billion from RM2.6 billion as liquefied natural gas (LNG) shipping besides oil and gas support services income dropped.

For 2QFY16, MISC declared dividend of 10 sen a share. The ex and payment dates fall on Aug 18 and Sept 7 this year respectively.

Looking ahead, MISC said it had a cautious outlook amid a larger supply of crude oil and more petroleum and LNG vessels in the market.

Tien Wah Press Holdings Bhd's, a cigarette packets printing service provider, net profit grew 11.3% to RM6.12 million or 6.34 sen per share in the second quarter ended June 30, 2016 (2QFY16) from RM5.5 million or 5.7 sen per share a year earlier, boosted by lower depreciation charge.

Quarterly revenue fell 6.2% to RM81.17 million from RM86.52 million in 2QFY15, due to change in pricing of some products to a major customer and deconsolidation of a Vietnam subsidiary effective Dec 31, 2015 as a subsidiary to a jointly controlled entity.

Nevertheless, these were mitigated by stronger US dollar and sales to a new multinational tobacco company customer.

Tien Wah declared an interim dividend of four sen per share, payable on Oct 28.

Tien Wah said the outlook for 2016 continues to be competitive in the volatile global environment.

Besides efficiency improvement, wastage control and active cost containments, the group said it will continue in developing new opportunities which would lead to volume growth from new customers in other geographical segments and existing customers over the longer term.

Pentamaster Corp Bhd's net profit doubled to RM6.66 million for second quarter ended June 30, 2016 (2QFY16) from RM3.25 million a year ago, due to higher revenue and better product mix.

The Penang-based automation solutions and service provider's revenue surged 61.2% to RM38.85 million from RM24.09 million.

The company said in a bourse filing that the higher revenue was mainly due to increase in sales from both the automated equipment and automated manufacturing solution operating segments as well as revenue contribution from smart control solution system.