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Trading ideas: CelcomDigi, Maxis, Genting Malaysia, Privasia, Coastal Contracts, Steel Hawk, AWC, Cahya Maya, Farlim, Deleum

The Star·12/03/2025 00:36:00
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PETALING JAYA: Stocks to watch on Wednesday include CelcomDigi Bhd, Maxis Bhd, YTL Power International Bhd, Genting Malaysia Bhd, Privasia Technology Bhd, Coastal Contracts Bhd, Steel Hawk Bhd, AWC Bhd, Cahya Maya Sarawak Bhd and Farlim Group (M) Bhd.

Coastal Contracts, through wholly owned units Coastal International Marine Inc and Pleasant Engineering Sdn Bhd, has secured contracts for the sale of two marine vessels for RM187.6mil.

Privasia Technology has kicked off the execution phase of its Perak data centre project with a RM569mil EPCC contract awarded to Inspur Communication Malaysia.

Steel Hawk has appointed former Petronas engineering leader Haffiz Hussin as its new group CEO, bringing over 16 years of project and construction experience to the role.

CelcomDigi, Maxis and YTL Power have been directed via a put option notice to acquire MoF Inc’s stake in DNB and assume its loan obligations, with each to pay RM327.87mil.

Genting Malaysia’s indirect wholly-owned subsidiary, Genting New York LLC (GENNY), is among three selected by New York’s Gaming Facility Location Board (NYGFB) on Dec 1, 2025, for a full commercial casino licence in downtown New York.

Genting was chosen alongside New York Mets owner Steve Cohen and Bally’s Corp for one of New York City’s three available casino licences.

AWC has secured a RM59mil contract from Prasarana Malaysia Bhd for the replacement of aluminium composite power conductor rails for the Ampang line rail track.

Cahya Mata has appointed Azhar Othman as group chief financial officer, alongside four new leadership roles: Idzam Yuhaizi Mohd Yunos as chief risk officer, Shafik Azlee Mashar as chief internal auditor, Mazlan Tuhiman as chief information officer and Farid Basir as chief human resources officer.

Farlim is launching a RM160mil commercial project in Penang through a new joint venture, targeting demand along the state’s growing transit corridor.