KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Contract Win & Outlook Pekat Group’s 60%-owned EPE unit has bagged a RM31.3m contract from Tenaga Nasional (TNB) — its third this year — for maintenance and spare parts works involving AIS and GIS switchgear systems. The contract runs for 2 years (with an optional extension). YTD Job Wins for EPE : RM232m (on track to hit RM300m FY25 target) Current Order Book : RM504m Expected GP Margin : 25–30% for this high-margin recurring service job Riding the RE & Infrastructure Wave With Malaysia’s LSS5 and LSS5+ solar programs (4x bigger than LSS4) unlocking over RM10b in EPCC potential , PEKAT is pivoting toward high-margin commercial and industrial (C&I) solar projects, while maintaining a ~5% market share . Switchgear business (EPE) is the game changer: Among Top 4 MV switchgear suppliers to TNB Riding on TNB’s RP4 capex cycle Expected to exceed profit guarant...