AirAsia, CAM Resources, Dayang Enterprise, Eversendai, Genetec, Serba Dinamik and Unisem

KUALA LUMPUR (Feb 4): Based on corporate announcements and news flow today, stocks in focus tomorrow (Wednesday Feb 5) may include: AirAsia Group Bhd, CAM Resources Bhd, Dayang Enterprise Holdings Bhd, Eversendai Corp Bhd, Genetec Technology Bhd, Serba Dinamik Holdings Bhd and Unisem (M) Bhd.

AirAsia Group Bhdco-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun have been urged by the Minority Shareholders Watch Group (MSWG) to step down from the company – not just relinquish their executive roles – pending investigations over Airbus SE bribe claims against two AirAsia executives.

According to UK court documents, Airbus secured sale of its aircraft to AirAsia in 2005-2014 by bribing two AirAsia executives – in the form of a US$50 million sponsorship for a sports team owned by the two individuals. Reports alleged the team to be Caterham F1, previously owned by Fernandes and Kamarudin.

Separately, the duo have issued a statement saying that Caterham F1 have promoted AirAsia, AirAsia X Bhd and Airbus at the time, adding that the F1 outfit made no profit while they were shareholders.

CAM Resources Bhdsaid that its 2MW biogas plant has commenced supply via feed-in-tariff (FiT) structure beginning December last year.

CAM built the plant for approximately RM19.8 million, on the back of a deal to supply power to the Malaysian grid under the FiT system for 16 years commencing from May 24, 2019.

Dayang Enterprise Holdings Bhdwas awarded a three-year umbrella contract for the provision of modification works from CARIGALI-PTTEPI Operating Company Sdn Bhd (CPOC).

The contract was awarded to Dayang’s wholly-owned unit Dayang Enterprise Sdn Bhd, effective from Jan 30, 2020. The contract comes with a two-year extension option.

Eversendai Corp Bhdsaid it has secured six new projects worth RM323 million in Malaysia, India and Qatar.

This brings its total orderbook to RM1.87 billion, Eversendai said, adding that there are “more interesting projects to come” given its tenderbook exceeding RM10 billion presently.

Genetec Technology Bhdsaid it has secured new orders worth RM38.5 million in January from 12 customers.

It said the tenure of each project normally ranges from three to nine months depending on the size of order and scope of work involved.

Serba Dinamik Holdings Bhdhave secured 12 new contracts — half of which is worth a combined US$78 million (approximately RM320.89 million), while the other half are on call-out basis.

The six contracts worth US$78 million comprise one contract in Oman for its wholly-owned unit Serba Dinamik International Ltd, and five contracts secured by 75%-owned indirect subsidiary PT Serba Dinamik Indonesia.

The other six contracts were awarded to Serba Dinamik’s wholly-owned Malaysian subsidiary Serba Dinamik Sdn Bhd (SDSB) – three of which come with the option for one year extension.

Unisem (M) Bhdhas paused operations in Chengdu, China under the instruction of local authorities to contain the Wuhan coronavirus outbreak.

Its operations in Chengdu — comprising one packaging and testing facility and one water bumping facility, according to its annual report – is paused from Feb 2 to Feb 9.