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Hot Stock Puncak Niaga rises 3.57% on getting Sabah water treatment plant job
by Cals Tue 02 Feb 2016, 12:20
- Hot Stock
[size=28]Puncak Niaga rises 3.57% on getting Sabah water treatment plant job
By Surin Murugiah / theedgemarkets.com | February 2, 2016 : 9:37 AM MYTKUALA LUMPUR (Feb 2): Shares of Puncak Niaga Holdings Bhd rose in early trade today after Puncak's wholly owned subsidiary Puncak Niaga Construction Sdn Bhd secured the tender for the maintenance of a water treatment plant in Beaufort, Sabah.
At 9.16am, Puncak rose 4 sen to RM1.16 with 123,500 shares done.
The tender, called by Jabatan Bekalan Air of the Ministry of Energy, Green Technology and Water, was for the operation and maintenance of the water treatment facilities, which has a total design capacity of 76 million litres per day for bulk water supply to Labuan.
The contract is for three years, effective Feb 1, 2016, to Jan 31, 2019, though the value of the contract is not disclosed.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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