KLSE:HEGROUP

Malaysian Blue-Chip Index Ends Week in Red on Unchanged Jobless Rate, Softer Retail Sales Growth

Malaysian shares closed slightly lower on Friday, with the FTSE Bursa Malaysia KLCI at 1,686.74 points, down 1.1% or by 18.78 points amid unchanged unemployment data and slower retail sales growth.Malaysia's unemployment rate was at 3% in July, unchanged for the fourth straight month, according to data from the Department of Statistics Malaysia (DOSM). The total number of unemployed persons edged up by 0.5% month over month to 520,300, while the number of employed persons grew by 0.1% to 17.37 million.Malaysia's retail sales increased 6.4% year over year in July, the DOSM said. The growth pace marked the softest in three months, easing from the 6.6% expansion in June. It missed Trading Economics' forecast of 7% growth.In corporate news, Malayan Banking (KLSE:MAYBANK) completed the acquisition of the remaining 30.95% stake in Maybank Ageas for 4.83 billion ringgit in cash.HE Group (KLSE:HEGROUP) unit Hexatech Engineering accepted a purchase order worth about 25 million ringgit for power distribution system works

HE Group Unit Bags MYR25 Million Power Distribution System Works Order

HE Group (KLSE:HEGROUP) unit Hexatech Engineering accepted a purchase order worth about 25 million ringgit for power distribution system works, according to a Thursday filing with the Malaysian bourse.The deal was awarded by a Malaysian manufacturer involved in the assembly, testing and packing of advanced NAND flash memory products.The order starts upon acceptance and is scheduled for completion within 20 weeks.The company expects the project to contribute positively to future earnings.

HE Group Subsidiary Bags MYR25 Million NAND Power System Order

Hexatech Engineering, a wholly owned subsidiary of HE Group (KLSE:HEGROUP), has secured a 25 million ringgit purchase order, according to a Thursday filing to the Malaysian bourse.The contract covers power distribution system works for a manufacturer engaged in assembly, testing and packing of NAND flash memory products in Malaysia.It is expected to be completed within 20 weeks from acceptance.

Maybank Research Downgrades He Group to Hold from Buy; Price Target is MYR0.96

Malaysian Index Turns Green as Retail Sales Rise; HE Group's Shares Rise 4%

Malaysian shares erase losses to end in the green zone midweek, after positive retail sales data.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 10.15 points to end 0.6% higher at 1,741.61.Malaysia's retail trade sales increased 6.6% year over year to 72 billion Malaysian ringgit in June, according to data from the Department of Statistics Malaysia (DOSM) released on Wednesday. The growth pace was slower than the 7.2% expansion recorded in the previous month.In corporate news, shares of HE Group (KLSE:HEGROUP) gained over 4% on close after its unit Hexatech Engineering secured a letter of intent worth about 47 million ringgit to undertake electrical works for a data center in Johor, Malaysia.Shares of NEXG (KLSE:NEXG) gained about 2% on close after its unit Datasonic Global Technologies signed three memorandums of collaboration to pursue secure ID business in Bangladesh, Mauritius and Pakistan. The MOCs were signed with Galaxy Technology (Bangladesh), D3N, and Ultra Electronics Pakistan.

HE Group Unit Bags MYR47 Million Electric Works Deal; Shares Gain 3%

HE Group (KLSE:HEGROUP) unit Hexatech Engineering secured a letter of intent worth about 47 million ringgit to undertake electrical works for a data center in Johor, Malaysia, according to a Tuesday Malaysian bourse filing.Shares gained about 3% in Wednesday's afternoon trade.The deal pertains to the supply and installation of 275 kilovolt electrical works.The formal contract is expected to be finalized and signed in the third quarter of 2026, it said.

Malaysian Blue Chip Index Ends in Red Amid Mixed Regional Performance

Malaysian shares extended losses to end in the red zone on Tuesday again, despite positive economic data. The investors could not find positive cues amid a mixed regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 3.91 points to end 0.2% lower at 1,731.46.In economic news, Malaysia's unemployment rate held steady at 3% in June, according to data released by the Department of Statistics Malaysia (DoSM). The reading was in line with Trading Economics' forecast of 3% and unchanged from May.Malaysia's Industrial Production Index (IPI) rose 6.5 % year over year in June, according to data from the DOSM said. The pace of growth slowed from the 8.5% increase recorded in the previous month. It beat the consensus forecast of a 2% growth tracked by Trading Economics.Malaysia and Hong Kong will introduce a simplified framework for dual IPO listings next month, The Star reported Tuesday, citing Transport Minister Anthony Loke Siew Fook. The framework follows a July 23 memorandum between Malaysia's Securities Commission and Hong Kong's Securities and Futures Commission that also expanded mutual recognition to ETFs and REITs.In corporate news, shares of HE Group (KLSE:HEGROUP) gained about 5% on close after its subsidiary, Hexatech Engineering, accepted a project to carry out the supply and installation of 275kV electrical works for a data center in Malaysia.

HE Group Unit to Carry Out MYR47 Million Electrical Installation Works at Data Center

HE Group's (KLSE:HEGROUP) subsidiary, Hexatech Engineering, accepted a project to carry out the supply and installation of 275kV electrical works for a data center in Malaysia, according to a Tuesday Bursa Malaysia filing.The 47 million Malaysian ringgit contract is expected to be formalized and executed by the third quarter of the year, the electrical engineering services provider said.

Malaysian Shares Snap Winning Streak Bucking Regional Gains

Malaysian shares ended in the red on Monday, erasing gains from the previous session, and bucking a positive regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 11.19 points to end 0.7% lower at 1,700.84.In local news, Malaysia will lower the subsidized diesel price for citizens to 2.10 ringgit per liter from 2.15 ringgit per liter, starting July, the country's finance ministry said Sunday. The move aims to reduce smuggling and subsidy leakage arising from the wide gap between subsidized and market prices, particularly amid global supply pressures linked to the West Asia conflict, the ministry said.Malaysian banks will endure a downside case of a larger decline in nonperforming loans (NPLs) amid a possible rise in dividend payouts, S&P Global Ratings said. In S&P's severe stress test involving the country's top nine banks, a rise in NPL ratios to 5% could lead to an earnings decline and a deterioration in capital buffers.In corporate news, HE Group (KLSE:HEGROUP) unit Hexatech Engineering bagged a subcontract worth about 102 million ringgit for electrical works at a data center project in Johor, Malaysia. Shares slid about 1% on Monday's close.Japan's Ajinomoto (TYO:2802) has proposed taking its Malaysian subsidiary, Ajinomoto (Malaysia) (KLSE:AJI), private through a selective capital reduction and repayment exercise.

HE Unit Clinches MYR102 Million Electrical Works Deal

HE Group (KLSE:HEGROUP) unit Hexatech Engineering bagged a subcontract worth about 102 million ringgit for electrical works at a data center project in Johor, Malaysia.The scope covers supply, installation, testing and commissioning of main electrical systems, awarded by an engineering, procurement and construction management firm involved in the project.The contract runs from June 22, 2026, to Sept. 19, 2027, according to a Monday Malaysian bourse filing.The group said the job is expected to contribute positively to earnings.

HE Unit Bags MYR20 Million Power Distribution System Works Deal; Shares Gain 3%

HE Group (KLSE:HEGROUP) unit Hexatech Engineering accepted a purchase order worth about 20 million ringgit for power distribution system works, according to a Monday Malaysia bourse filing.Shares gained about 3% in Tuesday's midday trade.The deal was awarded by a manufacturer involved in the assembly, testing, and packing of advanced NAND flash memory products in Malaysia.The deal is slated to be completed on Nov. 17, it said.