Tuesday, September 13, 2011

KKB Engineering edges up on new jobs

KUALA LUMPUR: KKB ENGINEERING BHD [] shares advanced in early trade on Tuesday, Sept 13 on positive investor sentiment after the company secured two contracts totaling RM30.7 million to supply water pipes and LPG cylinders.

At 9.05am, KKB added two sen to RM1.66 with 16,000 shares traded.

Its subsidiary, Harum Bidang Sdn Bhd accepted a contract from YWP Builders Sdn Bhd to manufacture and supply MSCL water pipes and pipe specials for the rural water supply project in Sarawak.

KKB also said it had accepted a letter of award from PETRONAS DAGANGAN BHD [] to fabricate and supply the LPG cylinders to Petronas Dagangan Bhd for one year commencing September with an option to extend for another year.

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