<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 6): Marine and industrial engineering products distributor Pansar Bhd (KL:<a href="/askedge/klse/8419" class="ce-stock" target="_blank">PANSAR</a>) has bagged a RM234.89 million contract from Sarawak Rural Water Supply Department (JBALB) for a water treatment plant project in Saratok, Betong.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Wednesday, the Sarawak-based group said the Letter of Acceptance was awarded to its wholly-owned Perbena Emas Sdn Bhd. The contract involves the construction of a 30 MLD (million litres per day) water treatment plant at the existing Kaki Wong plant site, a new raw water intake facility, and two booster pump stations.</p></div>

<div class=newsTextDataWrapInner><p>The job is scheduled to begin in June this year to be completed in 30 months.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pansar’s shares settled unchanged at 49.5 sen on Wednesday, valuing the group at a market capitalisation of RM346 million.</p></div>

<div class=newsTextDataWrapInner><p>The stock is trading at a trailing price-earnings ratio of 14.6 times, according to AskEdge data. This puts Pansar at a relatively lower valuation compared to its peers, including KJTS Group Bhd (KL:<a href="/askedge/klse/0293" class="ce-stock" target="_blank">KJTS</a>) at 34.1 times, CPE Technology Bhd (KL:<a href="/askedge/klse/5317" class="ce-stock" target="_blank">CPETECH</a>) at 31.7 times and Unitrade Industries Bhd (KL:<a href="/askedge/klse/0247" class="ce-stock" target="_blank">UNITRAD</a>) at 30.4 times.</p></div>


Marine and industrial engineering products distributor Pansar Bhd (KL:PANSAR) has bagged a RM234.89 million contract from Sarawak Rural Water Supply Department (JBALB) for a water treatment plant project in Saratok, Betong.

Pansar bags water treatment plant job in Sarawak worth RM235 mil

The Dutch government aims to cut 25,000 civil servant jobs in an AI-led efficiency drive targeting annual savings of €3.5 billion (RM16.01 billion).

Dutch government plans to cut 25,000 jobs in AI-led overhaul

EQT Corp agreed to buy Range Resources Corp in an all-stock deal for about US$12.8 billion (RM52.26 billion), creating what it says will be the largest and only vertically integrated US natural gas producer.

EQT to buy Range Resources, creating largest US gas producer

West River Bhd (KL:WESTRVR)  through its wholly owned subsidiary West River Engineering Sdn Bhd (WRE) has secured two mechanical and electrical (M&E) subcontracts worth a combined RM17.85 million in Selangor and Kuala Lumpur.

West River bags RM18 mil in M&E jobs for Puchong, Bukit Jalil residential projects

Berjaya Property Bhd (KL:BPROP) has proposed to raise its stake in Manjaran Sdn Bhd to 49% by acquiring Citaglobal Bhd's (KL:CITAGLB) entire 20% stake in the integrated logistics hub developer.

Berjaya Property plans to boost stake in Manjaran to 49% via acquistion of Citaglobal's 20% stake

Expenditure under the Rural Roads Programme (JALB) for the 2023-2025 period totalled RM6.108 billion, within the revised allocation of RM6.143 billion, leaving a balance of about RM34.3 million, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Rural road programme expenditure of RM6.108 bil over 2023-2025 within revised allocation — Zahid

Meta Platforms Inc is seeking to raise as much as US$95 billion (RM387.98 billion) from selling common and preferred stock, tapping investors for support in the race to lead artificial intelligence’s development.

Meta seeks up to US$95 bil in equity to fund AI spending

Datuk Ahmad Azman Abdul Manaf, a lifelong stockbroker and chief executive of SJ Securities Sdn Bhd, died over the weekend. He was 65.

Longtime CEO of SJ Securities Ahmad Azman Abdul Manaf dies

The Court of Appeal on Monday reduced the damages payable by the Klang Municipal Council, now known as the Klang Royal City Council, to property developer NBC Land Sdn Bhd from RM117 million to RM3 million in a dispute over the rehabilitation of a former dumpsite.

Court of Appeal reduces Klang council's damages to developer NBC Land from RM117m to RM3m

Audi will split its logos between its two Chinese partners as the Volkswagen AG unit tries to turnaround a protracted sales slump.

Audi splits logos for China as carmaker fights to revive sales

Defence Minister Datuk Seri Mohamed Khaled Nordin said delays in the construction of the country's first littoral combat ship (LCS1) cannot be attributed solely to the cancellation of an export licence for Norway’s Naval Strike Missile (NSM), as the vessel’s physical construction had also fallen behind schedule.

Littoral combat ship delays not solely due to missile export licence issue, says Khaled

<p>Datuk Mahadev Shankar, a member of the royal inquiry into Malaysia’s judge-fixing scandal, has passed away over the weekend. He was 94.</p>


Mahadev Shankar, member of royal inquiry into Anwar black-eye and VK Lingam scandal, passes away

<p>Completing 11 years of schooling from primary (six years) to secondary (five years) is now mandatory for all Malaysian citizens. Parents who fail to comply can be fined up to RM5,000, jailed up to six months, or both. Per the latest United Nations Development Programme (UNDP) data, Malaysians have completed 11.1 years of schooling, on average, well above the global mean of 8.8 years — and just a shade lower than Singapore’s 12 years. A child entering school today has an even higher 12.7 expected years of schooling. By this measure, Malaysia places within the UNDP’s “Very high human development” category. A laudable achievement — but also a false narrative.</p>


Tong's Portfolio — More straight As, less learning: What Malaysia’s exams miss

<p>MyDCD Bhd has launched its ACE Market listing that will raise RM268.8 million for the engineering services firm and its shareholders.</p>


Engineering services firm MyDCD launches ACE Market IPO at 56 sen per share

<p>KUALA LUMPUR (Oct 26): Public Investment Bank Bhd has assigned a fair value of 70 sen on SKA Capital Bhd, which translates into a 63% premium over its initial public offering (IPO) price of 43 sen.</p>


PublicInvest values ACE Market-bound SKA Capital at 70 sen, 63% premium over IPO price

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;IJM is likely to secure a RM500 million contract for the construction of a data centre for K2 Strategic Infrastructure ...

IJM said to have bagged K2 data centre construction job

<p>BUKIT MERTAJAM (Oct 26): The Magistrates' Court was told on Monday that the prosecution has rejected a representation by Umno Youth chief Datuk Dr Muhamad Akmal Saleh seeking to drop his charge of causing alarm to public safety through his social media account last year.</p>


Prosecution rejects Akmal Saleh's representation to drop public alarm charge

<p>Jio Platforms Ltd raised a record amount of funds for billionaire Mukesh Ambani’s digital and telecommunications giant but it proved to be far less lucrative for the bankers handling the deal.</p>


Jio’s record India IPO falls short of record payday for bankers

<p>TODAY, Malaysia mourns the loss of Datuk Mahadev Shankar, one of its most distinguished jurists: a formidable advocate, an independent-minded judge and a man whose extraordinary intellect, integrity and commitment to public service left an indelible mark on the nation’s legal landscape.</p>


Obituary: Mahadev Shankar: A life devoted to the law, justice and the nation

<p>SINGAPORE (Oct 26): Malaysia will deepen its partnership with Singapore and work with neighbours to realise regional power connectivity, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>


Malaysia seeks greater energy ties with Singapore as it makes a push for Asean grid — Fadillah

<p>KUALA LUMPUR (Oct 25): The move by MCA to walk out of an event to unveil Barisan Nasional (BN) candidates for the 16th Melaka state election on Saturday (Oct 24)&nbsp;night has raised questions regarding the sincerity of its coalition partner, Umno, in their political cooperation.</p>


Melaka polls: Walk-out by MCA raises question of sincerity of Umno

<p>KUALA LUMPUR (Oct 26): Subang, Ipoh and Penang airports recorded year-on-year (y-o-y) growth in international passenger traffic in September 2026, despite a decline in overall passenger movements across Malaysia Airports' local network.</p>


Subang, Ipoh, Penang airports see international passenger growth in September despite national decline

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;Elevated crude oil prices following the Strait of Hormuz disruption have renewed interest in Malaysian oil and gas stoc...

Which Malaysian O&G stocks stand to gain from higher-for-longer oil prices?

<p>GDB Holdings Bhd (KL:GDB) has secured its largest job to date, a RM1.02 billion construction contract for a luxury residential development in Desa ParkCity, Kuala Lumpur.</p>


GDB lands biggest job to date with RM1.02 bil construction contract at Desa ParkCity

<p>KUALA LUMPUR (Oct 26): The Ministry of Housing and Local Government (KPKT), through PLANMalaysia and in collaboration with the Ministry of Tourism, Arts and Culture (Motac), state governments and local authorities, is drafting STRA planning guidelines to serve as a uniform source of authority.</p>


Housing Ministry moves to standardise short-term rental accommodation rules nationwide

<p>Matang Bhd (KL:MATANG) has suspended its chief financial officer and acting chief operating officer Tan Theng Hwee pending an internal investigation into governance, operational and management conduct matters.</p>


Matang suspends CFO, acting COO Tan Theng Hwee amid internal probe

<p>KUALA LUMPUR (Oct 26): Press Metal Aluminium Holdings Bhd (KL:PMETAL) is expected to see softer smelting margins in the second half of 2026 as aluminium supply crunch eases, said Hong Leong Investment Bank (HLIB) Research.</p>


Press Metal faces softer 2H smelting margins as aluminium supply crunch eases — HLIB Research

<p>KUALA LUMPUR (Oct 26): The government on Monday pledged to publicly release a report by a special task force probing the “corporate mafia” allegations.&nbsp;</p>


Govt pledges to make ‘corporate mafia’ task force report public

<p>Maxis Bhd (KL:MAXIS) is expected to get a small boost to its fibre business, which has seen little growth in recent quarters, analysts said on Monday.</p>


Maxis to get small boost to fibre business after flat quarters, analysts say

<p>The Malaysian Border Control and Protection Agency (AKPS) has developed hologram technology to be deployed at the satellite building of Kuala Lumpur International Airport (KLIA) Terminal 1, to&nbsp;assist&nbsp;travellers in obtaining information regarding arrival procedures in the country.</p>


Border control agency introduces hologram at KLIA T1 to help travellers obtain arrival information

<p>ACE Market-bound SKA Capital Bhd has secured six subcontracts worth a combined RM89.28 million for electrical infrastructure works related to projects Tenaga Nasional Bhd (TNB) (KL:TENAGA), ahead of its ACE Market listing on Nov 11.</p>
