In a significant development on December 26th, several corporate announcements have emerged from Kuala Lumpur that warrant attention.
First on the list is TRC Synergy Bhd (KL:TRC), which has successfully secured a substantial contract valued at RM550.8 million from SRS Consortium Sdn Bhd. This award pertains to the construction of the Penang LRT Mutiara Line and encompasses a variety of tasks including the installation of viaduct guideways, construction of stations, launching bridge girders, post-tensioning, grouting, and other related works. Notably, the SRS Consortium is a joint venture led by Gamuda Bhd (KL:GAMUDA), indicating a partnership of established industry players in this major infrastructure project. — TRC Synergy secures RM551m sub-package contract for Penang LRT Mutiara Line.
Next, NationGate Holdings Bhd (KL:NATGATE) is making headlines with its decision to purchase Valeo Malaysia CDA Sdn Bhd from the renowned French automotive supplier, Valeo SE, for RM60.89 million in cash. Valeo Malaysia specializes in manufacturing components such as plastic injection-moulded parts, printed circuit board assemblies, and various automotive modules. This acquisition is a strategic move for NationGate, aimed at enhancing its core business operations, expanding its customer reach, and establishing direct connections with vital automotive end clients. — NationGate to acquire French automotive supplier Valeo’s Malaysian unit for RM61m.
Moving on to the energy sector, PETRONAS Gas Bhd (KL:PETGAS) has announced updated tariffs for gas transportation and regasification services as part of Regulatory Period 3 (RP3), which will be effective from January 2026 through December 2028. The new tariff for the Peninsular Gas Utilisation (PGU) transportation has been set at RM1.196 per gigajoule per day (GJ/day) with an allowed tariff slightly higher at RM1.204 per GJ/day. Furthermore, the compression tariff for high-pressure gas supplied to Singapore will be fixed at RM1.609 per GJ/day, while the allowed tariff stands at RM1.592 per GJ/day. Additionally, the Regas Terminal Sungai Udang (RGTSU) will charge RM3.542 per GJ/day with an allowed rate of RM3.540 per GJ/day, and the Regas Terminal Pengerang (RGTP) will apply a fee of RM3.142 per GJ/day, with an allowed tariff of RM3.103 per GJ/day. — PETRONAS Gas gets approval for revised RP3 gas transportation tariff.
Gas Malaysia Bhd (KL:GASMSIA) also made headlines by announcing an increase in its base average tariff for natural gas distribution, which will rise to RM1.880 per GJ/day during the RP3 period. Its wholly-owned subsidiary, Gas Malaysia Distribution Sdn Bhd, will see its incentive-based regulation (IBR) tariff increase to RM2.114 per GJ/day, up from RM1.568 previously. It is important to note that these adjustments do not include liquefied petroleum gas (LPG) supply. — Gas Malaysia announces higher gas distribution tariff.
In another noteworthy achievement, Resintech Bhd (KL:RESINTC) has landed a contract worth RM16.07 million to supply plastic water pipes and fittings in Cambodia. This contract was awarded to its subsidiary, Resintech Plastics (M) Sdn Bhd, by the Phnom Penh Water Supply Authority. This five-month agreement marks Resintech’s second significant win under the Bakheng Project Phase 3, following a previous contract worth RM16.5 million awarded in September. — Resintech bags second water pipe supply contract in Cambodia.
Lastly, Tanco Holdings Bhd (KL:TANCO) has appointed Ocean Bridge International Ports Management Co Ltd, a company based in Hong Kong, to oversee operations at its proposed smart artificial intelligence (AI) container port located in Port Dickson. This initiative underscores Tanco's commitment to modernizing port operations through advanced technology. — Tanco appoints Hong Kong's Ocean Bridge to operate smart AI port in Port Dickson.
