Trading ideas: AwanBiru, Westports, Kitacon, Dayang, KPJ, GDB and Ireka

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KUALA LUMPUR: Companies that recently made headlines include AwanBiru, Westports, Kitacon, Dayang, KPJ, GDB and Ireka, said Apex Securities Research.


Awanbiru Technology Bhd’s (Awantec) wholly-owned unit Awantec Systems Sdn Bhd has inked a RM294.27 million service agreement with Redtone Digital Bhd’s wholly-owned subsidiary REDtone Engineering & Network Services Sdn Bhd to provide cloud computing solutions and services, which include products such as Google Workspace Enterprise and Google Cloud Platform, for the government’s unified communication and collaboration project, MyGovUC 3.0.

Westports Holdings Bhd is considering external strategic investors to help fund a RM39.6 billion expansion that will see capacity nearly double to 27 million twenty-foot equivalent units, from 14 million currently, throughout its concession, which runs until 2082.

Kumpulan Kitacon Bhd’s wholly-owned unit Kitacon Sdn Bhd has secured a letter of award from Worldwide Holdings Bhd to build 182 units of two-storey terrace houses and a Tenaga Nasional Bhd substation in the Selangor Cyber Valley for RM65.43 million.

Dayang Enterprise Holdings Bhd’s wholly-owned DESB Marine Services Sdn Bhd has secured contract extensions for the supply of three accommodation work boats to Petronas Carigali Sdn Bhd.


KPJ Healthcare Bhd plans to sublet the royal suite of Damansara Specialist Hospital 2 to its major shareholder Johor Corporation (JCorp) from Oct 1, 2024, until Jan 30, 2029, at a rental rate of RM111,666 per month, after renovating the hospital.

GDB Holdings Bhd’s legal actions against Damai City Sdn Bhd and KSK Land Sdn Bhd over the 8 Conlay project disputes have been put back on hold for three months after the court granted the pair and their parent KSK Group Bhd, another restraining order against their creditor.

Ireka Corp Bhd has been hit with a RM6.53 million lawsuit from RHB Bank Bhd over an alleged default in the revolving credit facility granted to the property development and construction outfit’s wholly-owned unit Ireka Engineering & Construction Sdn Bhd, which is under liquidation.

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