KUALA LUMPUR: Shares of Muhhibah Engineering Bhd advanced in early trade on Thursday, Jan 27 after the company and its consortium partner Perunding Ranhill Worley Sdn Bhd secured a RM1.07 billion contract from PETRONAS GAS BHD [].
At 9.12am, Muhibbah was up 11 sen to RM1.78 with 2.58 million shares done.
The FBM KLCI snapped its six day of losses to add 8.15 points to 1,528.15. Turnover was 74.66 million shares valued at RM65.45 million. There were 203 gainers, 22 losers and 110 stocks unchanged.
On Wednesday, Muhibbah announced they had secured a RM1.07 billion contract for the engineering, procurement, CONSTRUCTION [], installation and commissioning (EPCIC) for the LNG Regasification Project.
Under the contract, the consortium will build the LNG Regasification Unit, Island Berth and Subsea Pipeline within the vicinity of the Sungai Udang Port in Melaka.
At 9.12am, Muhibbah was up 11 sen to RM1.78 with 2.58 million shares done.
The FBM KLCI snapped its six day of losses to add 8.15 points to 1,528.15. Turnover was 74.66 million shares valued at RM65.45 million. There were 203 gainers, 22 losers and 110 stocks unchanged.
On Wednesday, Muhibbah announced they had secured a RM1.07 billion contract for the engineering, procurement, CONSTRUCTION [], installation and commissioning (EPCIC) for the LNG Regasification Project.
Under the contract, the consortium will build the LNG Regasification Unit, Island Berth and Subsea Pipeline within the vicinity of the Sungai Udang Port in Melaka.
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