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Tuesday, December 22, 2015

Mudajaya bags RM220m EPCC job for Rapid

KUALA LUMPUR (Dec 22): Mudajaya Group Bhd ( Valuation: 0.90, Fundamental: 0.35) has bagged a RM220 million contract to undertake engineering, procurement, construction and commissioning works of warehouses and workshops for the refinery and petrochemical integrated development (Rapid) project in Pengerang, Johor.

In a filing with Bursa Malaysia today, Mudajaya said its wholly-owned subsidiary Mudajaya Corp Bhd was awarded the contract on Dec 11 by PRPC Utilities and Facilities Sdn Bhd, a subsidiary of Petroliam Nasional Bhd.

"The contract is targeted to be fully completed by January 2018, with a construction period of 25 months from the date of the contract," it added.

Mudajaya's stock rose 13 sen or 12.5% to close at RM1.17 today, giving it a market capitalisation of RM559.9 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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