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Muhibbah rises on Northport job
by hlk Mon 27 Jun 2011, 13:26
KUALA LUMPUR: MUHIBBAH ENGINEERING (M) BHD [] shares rose on Monday, June 27 after it secured an RM338 million contract from Northport (Malaysia) Bhd to build a multipurpose wharf and the associated facilities.
At 9.05am, Muhibbah was up two sen to RM1.41 with 166,700 shares done.
The company’s shares recently took a beating by its exposure to the Asian petroleum hub debacle.
Muhibbah said the wharf would be an extension to the existing wharf eight and upgrading of wharf 16. The contract is scheduled to start in July and completed in March 2014.
At 9.05am, Muhibbah was up two sen to RM1.41 with 166,700 shares done.
The company’s shares recently took a beating by its exposure to the Asian petroleum hub debacle.
Muhibbah said the wharf would be an extension to the existing wharf eight and upgrading of wharf 16. The contract is scheduled to start in July and completed in March 2014.
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