<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 24): Wasco Bhd's (formerly known as Wah Seong Corp Bhd) wholly owned subsidiary, W S Engineering &amp; Fabrication Pte Ltd has secured a US$33.89 million (RM161.86 million) contract for the supply of pre-fabricated-buildings for a project in Africa.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing on Tuesday, the group said it has secured the 17 months contract from Schneider Electric France.</p></div>

<div class=newsTextDataWrapInner><p>According to the group, the scope of work of the contract involves engineering, procurement and construction of pre-fabricated buildings.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to contribute positively to the earnings of the group over the contract period. The contract is project specific and is not renewable,” it added.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in Wasco settled two sen or 2.05% higher to 99.5 sen, giving it a market capitalisation of RM767.16 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Since the beginning of the year, the stock has surged 55.47%.&nbsp;<br />
&nbsp;</p></div>


Wasco Bhd's (formerly known as Wah Seong Corp Bhd) wholly owned subsidiary, W S Engineering & Fabrication Pte Ltd has secured a US$33.89 million (RM161.86 million) contract for the supply of pre-fabricated-buildings for a project in Africa.

Wasco secures RM161.86 mil contract for pre-fabricated buildings project in Africa

KUALA LUMPUR (Nov 6): Automation solutions and engineering services firm 3REN Bhd (KL:3REN) made a strong debut on the ACE Market of Bursa Malaysia on Wednesday, as it rose 5.5 sen or nearly 20% sen over its initial public offering (IPO) price at the morning gong.

3REN surges nearly 20% on ACE Market debut

RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the semi-annual review of the index's component stocks on Dec 5.

RHB expects Gamuda's KLCI inclusion ahead of semi-annual review

PHILADELPHIA (Nov 5): Republican Donald Trump won eight states in Tuesday's US presidential election, while Democrat Kamala Harris captured three states and Washington, DC., Edison Research projected, but the outcome of the race remained uncertain with critical battleground states unlikely to be called for hours, or even days.

Trump, Harris notch first statewide wins as polls close in US presidential race

SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara Malaysia (BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told Reuters late on Tuesday (Nov 5).

BNM set to manage market volatility, monitoring US election

MORNING CALL: 6/11/24

Asian stocks were set for a higher open following election-day gains in the US, as traders hunkered down awaiting results in a presidential race pitting divergent visions of global trade and the economy. Gauges of expected volatility crept up amid hedging by investors before an outcome that remained too close for pollsters to call.

Asian stocks expected to echo US gains as vote count nears

Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).

Malaysia the fifth most connected country in Asean in 1H

A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&P 500 Index.

Morgan Stanley’s Mike Wilson and JPMorgan Chase & Co.’s Dubravko Lakos-Bujas are among market watchers who said this week that the stock benchmark is poised to swing higher once a victor is declared.

Wall Street is counting on stocks to rally after election hurdle

Stocks climbed Tuesday while Treasuries were mixed and the dollar fell in the last trading session before votes are tallied in a US presidential race with far-reaching implications for the economy.

Neither the size of the moves nor volume indicated strong conviction on the outcome of a contest that polls continue to put at a dead heat.

Tech pushes stocks higher with vote in full swing

Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.

Wall Street gains on election day as technology, chip stocks rise

<p>Super Micro Computer Inc started the year as a hot artificial intelligence (AI) trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc and booted from the S&amp;P 500.</p>


Super Micro faces delisting, S&P 500 removal amid auditor woes

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


F&N, Xin Hwa, IOI Corp, T7 Global, TCS Group, Sime Darby Property, Aneka Jaringan

<p>Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.</p>


<p>Asian stocks were set for a higher open following election-day gains in the US, as traders hunkered down awaiting results in a presidential race pitting divergent visions of global trade and the economy. Gauges of expected volatility crept up amid hedging by investors before an outcome that remained too close for pollsters to call.</p>


<p>Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).</p>


<p>A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&amp;P 500 Index.</p>

<p>Morgan Stanley’s Mike Wilson and JPMorgan Chase &amp; Co.’s Dubravko Lakos-Bujas are among market watchers who said this week that the stock benchmark is poised to swing higher once a victor is declared.</p>


<p>Global investors were on edge as Americans headed to the polls on Tuesday, drawing to a close a dramatic US election cycle that has moved bonds, stocks and other assets in recent months and could further sway markets as results become clearer.</p>


Anxious global investors brace for long-awaited US election results 

<p>SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara&nbsp;Malaysia&nbsp;(BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told <em>Reuters</em> late on Tuesday (Nov 5).</p>


<p>The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.</p>

<p>Taking the latest available climate data into account, including record increases in temperatures, “the projected physical risk impact” of climate change on gross domestic product (GDP) has quadrupled by 2050 in some scenarios, the Network for Greening the Financial System (NGFS) said in a report on Tuesday.&nbsp;</p>


Global GDP seen taking much bigger climate hit than first feared

<p>The UK’s fiscal watchdog accused Treasury civil servants of breaking the law by withholding information before the March budget, raising the stakes in a blame game over who was responsible for hiding a multi-billion pound shortfall.</p>


UK budget watchdog says Treasury officials may have broken law

<p>The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.</p>


Imports boost US trade deficit to nearly 2-1/2-year high in September

<p>Stocks climbed Tuesday while Treasuries were mixed and the dollar fell in the last trading session before votes are tallied in a US presidential race with far-reaching implications for the economy.</p>

<p>Neither the size of the moves nor volume indicated strong conviction on the outcome of a contest that polls continue to put at a dead heat.</p>


<p>PHILADELPHIA (Nov 5): Republican&nbsp;Donald&nbsp;Trump&nbsp;won eight states in Tuesday's US presidential election, while Democrat&nbsp;Kamala Harris&nbsp;captured three states and Washington, DC.,&nbsp;Edison Research projected, but the outcome of the race remained uncertain with critical battleground states unlikely to be called for hours, or even days.</p>


<p>RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the&nbsp;semi-annual review of the index's component stocks on Dec 5.</p>
