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6 stories mentioning KLSE:ICENTSUpdated 26d ago

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Asia

iCents Group Arm Bags MYR13 Million Renovation Contract; Shares Down 3%

VC Engineering, a wholly-owned unit of iCents Group (KLSE:ICENTS) secured an order worth 12.9 million Malaysian ringgit from a Malaysia-based subsidiary of a Dutch technology company, according to a Thursday filing with the Malaysian bourse.iCents Group's shares were down over 3% in Friday's morning trade.The contract is for the renovation works for a factory, warehouse, and ground-floor office in Klang Valley, Malaysia.The project is expected to be completed in four months, Cents said.

KLSE:ICENTS
Asia

Malaysian Shares Rebound as Cooler US Inflation Boosts Investor Sentiment

Malaysian shares ended in the green on Thursday, erasing yesterday's losses amid a mixed regional performance. Investor sentiment rebounded after data showed slower-than-expected inflation in the US.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 8.43 points to end 0.5% higher at 1,722.19.In corporate news, shares of iCents Group (KLSE:ICENTS) gained over 2% on close today after its subsidiary, VC Engineering, accepted a letter of award worth 12.9 million ringgit to undertake renovation works as the main contractor for a factory warehouse and ground floor office in the Klang Valley, MalaysiaGamuda (KLSE:GAMUDA) has applied to Bursa Malaysia Securities for the listing of new shares to be issued under its existing Dividend Reinvestment Plan (DRP) for the second interim dividend for the financial year ending July 31. Shares gained about 2% on Thursday's close.Whereas, shares of TH Plantations (KLSE:THPLANT) slid about 2% on close after it reported fresh fruit bunch (FFB) production of 60,383.39 metric tonnes in June. The group produced 12,889 metric tonnes of crude palm oil and 3,303.5 metric tonnes of palm kernel during the month.

FTSE Bursa Malaysia KLCIKLSE:GAMUDAKLSE:ICENTSKLSE:THPLANT
Asia

iCents Group's Unit Bags MYR13 Million Renovation Contract

iCents Group's (KLSE:ICENTS) subsidiary, VC Engineering, accepted a letter of award worth 12.9 million ringgit to undertake renovation works as the main contractor for a factory warehouse and ground floor office in the Klang Valley, Malaysia, according to a Thursday bourse filing.The contract was awarded by a Malaysia-incorporated subsidiary of a Netherlands-headquartered technology company.The contract covers the supply, delivery and installation of building works and other associated systems.The project is expected to conclude four months from its commencement date, the company said.Shares of the engineering services company rose 6% in recent trade.

KLSE:ICENTS
Asia

ICENT Unit Signs MYR7 Million Data Center Supply Deal in Indonesia

ICENT (KLSE:ICENTS) unit, VC Engineering, signed a supplier deal worth 7 million ringgit with an Indonesia-based construction company to provide data center products, according to a Bursa Malaysia filing.The contract will run until completion of the project, the company said.ICENTS said the agreement is not expected to have a material impact on the company's earnings.

KLSE:ICENTS
Asia Markets

Malaysian Shares End in Red As Rubber Output Shrinks; iCents' Shares Rally 10%

Malaysian shares reversed yesterday's gains on Wednesday to end in the red as the country's rubber production dropped in March. The index bucked broader regional gains today.The FTSE Bursa Malaysia KLCI shed 4.25 points to end 0.2% lower at 1,746.31. The day range was between 1,742.41 and 1,752.64.In economic news, Malaysia's natural rubber production fell 8.2% in March to 21,310 tonnes from 22,124 tonnes in February, the country's statistics department said. Annually, production dropped 29.3% from 28,739 tonnes, data showed.Moreover, the value of work done in Malaysia's construction sector expanded 8.5% year-on-year in the first quarter, easing from 10.3% in the previous quarter, the DoSM data showed. The expansion was supported by broad-based activity across key segments.In corporate news, shares of iCents Group (KLSE:ICENTS) jumped over 10% on today's close after its unit VC Engineering secured a 34.5 million ringgit subcontract linked to a data center project.Shares of Carimin Petroleum (KLSE:CARIMIN) slid over 1% on close after it proposed to fully privatize offshore marine support provider Sealink International (KLSE:SEALINK) in a cash deal valued at 165 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:CARIMINKLSE:ICENTSKLSE:SEALINK
Asia

iCents Group Unit Bags MYR35 Million Data Center Project; Shares Rally 8%

iCents Group (KLSE:ICENTS) unit VC Engineering secured a 34.5 million ringgit subcontract linked to a data center project, according to a Tuesday Malaysian bourse filing.Shares jumped about 8% in Wednesday's midday trade.The contract was awarded by a local construction company and covers the supply, installation, testing, commissioning, and maintenance of air-conditioning and mechanical ventilation systems for the project.The subcontract is expected to be completed by Feb. 15, 2027, the engineering, procurement, construction, and testing and commissioning services provider said.

KLSE:ICENTS

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