KUCHING: In response to a motion moved by Pujut Assemblyman Ting Tiong Choon, Cahya Mata Sarawak Bhd (CMS) says that it is erroneous to say the company has a monopoly over the production and sale of cement in Sarawak. In a press statement, it affirmed that it has not increased the price of cement in […]
KUCHING: Cahya Mata Sarawak Bhd (CMS) has signed a Memorandum of Understanding (MoU) with The Institution of Engineers Malaysia, Sarawak Branch (IEM Sarawak) to establish collaborative relations between the two parties in developing a technical interchange through mutual assistance – with an impetus on industry-related research in Sarawak. CMS group chief executive officer – operations, […]
KUCHING: The announcement of Cahya Mata Sarawak Bhd’s (CMS) state road maintenance concession being extended by the Sarawak state government for another year should lift the sentiment on the stock, which has been under selling pressure since the 14th General Election. To note, the extension is for up to June 30, 2019 based on the […]
KUALA LUMPUR, June 19 — Bursa Malaysia remained in negative territory at mid-day today as risk-off sentiment continued to dog equity markets. At 12.30pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 11.41 points lower at 1,732.02 from…
PETALING JAYA: Cahya Mata Sarawak Bhd fell 9.1% in early trade to a low of RM2.30 despite being granted extension for its road maintenance contract by the state government.
At 11.07 am, the stock was trading at RM2.42 with 3.70 million shares done.
CMS said in a filing with Bursa Malaysia yesterday that its indirectly owned subsidiary CMS Roads Sdn Bhd had received a letter last Thursday from the Sarawak government informing of the contract extension.
The one year extension is on top of the six-month extension that was granted on Dec 4, 2017, from Jan 1, 2018 to June 30, 2018.
The contract extension is worth RM180 million and is expected to contribute positively to the group's earnings during the tenure of the contract.
KUCHING: Employees Provident Fund (EPF) has seen its investment value in 10 public-listed companies (PLCs) drop 12 per cent or a whopping RM6.09 billion, a month after the 14th general election (GE14) that saw a change in government for the first time in Malaysian history, reported The Edge. A compilation by The Edge shows […]
KUALA LUMPUR (June 12): The FBM KLCI fell 0.38% at the midday break today against the backdrop of choppy regional markets, dragged by select index-linked blue chips. At 12.30pm, the FBM KLCI fell 6.66 points to 1,769.14. Losers led gainers by 386 to 173, while 537 counters traded unchanged. Volume was 1.42 billion shares valued at RM1.07 billion. The top losers included United Plantations Bhd, Top Glove Corp Bhd, Heineken Malaysia Bhd, S P Setia Bhd, Cahya Mata Sarawak Bhd, Hong Leong Industries Bhd, KESM Industries Bhd, Tenaga Nasional Bhd,Read More
KUALA LUMPUR: The local market took a step back on Friday, along with other Asian markets, snapping a two-day rally on profit-taking amid a cautious external environment. Interest rates were at the forefront of concerns as the US Fed is widely expected to hike its lending rate next week. The Group of Seven summit, slated to be held today and tomorrow, also weighed on the global sentiment as US President Donald Trump discusses trade tariffs with major trade partners. The FBM KLCI ended the morning session 10.37 points lower at Read More