cahya mata


The week at a glanace 7 January 2018

Sabah & Sarawak T7 Global bags rm260 mln contracts T7 Global Bhd has won contracts, worth RM260 million, via its wholly-owned subsidiaries, Tanjung Offshore Services Sdn Bhd (TOS) and Wenmax Sdn Bhd (Wenmax). In a statement, chairman Datuk Seri Dr Nik Norzul Thani N Hassan Thani said the projects reflected the group’s commitment to project […]

RAM reaffirms Cahya Mata Sarawak’s IMTN rating

KUCHING: RAM Ratings has reaffirmed the AA3/Stable rating of Cahya Mata Sarawak Bad’s (CMS) RM2 billion Islamic Medium-Term Notes Programme (2017/2037) as well as the AA3/Stable/P1 corporate credit ratings of the group. The reaffirmation of the ratings is based on the firm’s opinion that CMS’s credit metrics will remain commensurate with the ratings going forward. […]

The week at a glance 31 December 2017

Sabah & Sarawak Hibiscus Petroleum among top most active as group buys stake in North Sabah PSC Malaysia’s first special purpose acquisition company (SPAC), Hibiscus Petroleum Bhd,was among the top most actively traded stocks on Monday following news of its agreement to acquire a 50 per cent stake in North Sabah from Sabah Shell Petroleum […]

Curtis officially retires as group managing director of CMS

KUCHING: Cahya Mata Sarawak Bhd (CMS) yesterday confirmed that Datuk Richard Curtis will retire from his position as group managing director on December 31, 2017. Datuk Isaac Lugun has been redesignated to group chief executive officer (corporate) while Goh Chii Bing has been redesignated to group chief executive officer (operations). Both were appointed to their […]

Cahya Mata Sarawak MD Richard Curtis to retire

KUALA LUMPUR (Dec 29): Cahya Mata Sarawak Bhd said group managing director Datuk Richard Alexander John Curtis will retire from his position and be redesignated…

Cahya Mata MD Richard Curtis to retire soon, company says

KUALA LUMPUR ,Dec 29 — Cahya Mata Sarawak Bhd has informed Bursa Malaysia that group managing director Datuk Richard Alexander John Curtis will retire from his position and be redesignated as a non-executive director in the diversified group….

Tapering liquidity in constructions sector illustrates weak FYE18

KUCHING: Tapering liquidity in the construction sector could indicate a weak financial year ended 2018 (FYE18), analysts say. According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), the construction sector loan illustrates a lethargic rate for October 2017 of RM5.58 billion registering only 1.3 per cent month on month (m-o-m) growth […]

Malaysia Top 10 Business News Weekly (3-9 Dec 17)

Global equities Top 10 Finance and Bursa news

Sabah & Sarawak KKB Engineering secures RM16.8 mln contract, orders KKB Engineering Bhd has secured a combined contract and orders of RM16.8 million from Hock Peng Realty Sdn Bhd, LP Capital Construction Sdn Bhd and MKM Wira (M) Sdn Bhd. In a filing to Bursa on Monday, the HPRSB’s contract is for the supply, fabrication, […]

Analysts positive on extension of CMS’ state road maintenance concession in Sarawak

KUCHING: Analysts are generally positive about Cahya Mata Sarawak Bhd’s (CMS) contract extension for the long-term management and maintenance of state roads in Sarawak as it would help to address the group’s earnings overhang. In a filing on Bursa Malaysia, its subsidiary’s (CMS Works Sdn Bhd) wholly-owned CMS Roads Sdn Bhd (CMSR) had entered a […]

CMS shares fall 1.32% despite contract extension

PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) share price fell 1.32% this morning despite being granted a six-month extension to its road maintenance contract from the Sarawak state government.

At 10.59am, its share price was 5 sen or 1.32% lower at RM3.73 with a total of 5,400 shares traded.

Yesterday, CMS told Bursa Malaysia that its wholly owned subsidiary CMS Roads Sdn Bhd was granted the extension for the 15-year contract, for a contract sum of RM87.7 million.

The extension was granted on the same terms and conditions as the previous one, with the intention of facilitating negotiations and finalising revisions to terms and conditions for the renewal of the agreement.