Zecon Berhad

KUALA LUMPUR: Zecon Bhd plans to develop a RM900 million 1,214 hectare  technology park in Kuching, featuring a 300MW solar farm and a Battery Energy Storage System (BESS).

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Zecon Bhd has entered into a tripartite memorandum of understanding (MoU) with Sarawak Digital Economy Corp Bhd (SDEC) and Centre for Technology Excellence Sarawak Sdn Bhd (Centexs) for the development of the 3,000-acre Kota Petra Green Technology Park in Sarawak.

OTHERSANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Change in Boardroom - DATU HAJI HASHIM BIN HAJI BOJET

General Meetings: Outcome of Meeting

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

OTHERSANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

Sarawak's Economic Takeoff: Companies That Could Benefit

In 2024, Malaysia's GDP is expected to grow by 4% to 5%. However, Sarawak's growth rate is projected to be higher, reaching 5% to 6%. With the Sarawak government allocating RM9 billion for development in its 2024 state budget, the economic outlook for Sarawak looks very promising. This budget increase signifies the Sarawak government's strong commitment to accelerating regional economic growth and development.

This substantial budget is likely to be used for various development projects, including infrastructure upgrades, support for local industries, and social welfare programs. These initiatives could attract more investment, create jobs, and improve the overall quality of life for the people of Sarawak.

For the stock market, this undoubtedly presents new opportunities. Here are a few areas that might benefit:

📍 Infrastructure Construction: With infrastructure upgrades and expansions, related construction and engineering companies could benefit. This could drive up their stock prices.

📍 Local Industries: The government might provide more support and incentives to promote the development of local industries, which could enhance the profitability of related companies and, in turn, boost their stock prices.

📍 Social Welfare: As social welfare programs are implemented, consumer purchasing power could increase, potentially driving up the stock prices of retail and consumer goods companies.

Here are some stocks related to Sarawak that could potentially benefit from Sarawak's economic takeoff:

📌 $CMSB / 2852 (CAHYA MATA SARAWAK BERHAD)

CMSB is a Sarawak-based conglomerate engaged in cement production, construction materials & trading, construction, road maintenance, property development, ICT, and financial services. This company has historical ties to the late Tun Taib, the former premier and Yang di-Pertuan Negeri Sarawak.

📌 $KKB / 9466 (KKB ENGINEERING BERHAD)

KKB specializes in steel fabrication for buildings and other products used in the construction sector. The company has also diversified into manufacturing steel pipes, pipe specials, and LPG cylinders. This expansion aligns well with the anticipated infrastructure boom in Sarawak, making KKB a likely beneficiary.

📌 $IBRACO / 5084 (IBRACO BERHAD)

IBRACO is involved in property development, construction, and quarry businesses in Sarawak. Like CMSB and KKB, IBRACO stands to gain from the increased infrastructure activities in the region.

📌 $ADVCON / 5281 (ADVANCECON HOLDINGS BERHAD)

ADVCON operates as a construction firm specializing in civil engineering and infrastructure projects, focusing on earthworks and related services. In 2023, Advancecon (Sarawak) Sdn Bhd secured a RM45.4 million earthworks contract from Petros Power Sendirian Berhad for the Miri Combined Cycle Gas Turbine (MCCGT) Power Plant Project. This positions ADVCON well for future projects in Sarawak.

📌 $ZECON / 7028 (ZECON BERHAD)

ZECON is involved in construction, water infrastructure, property development, and healthcare & hospital concessions. The company covers a wide range of sectors, including buildings, roads, bridges, and water infrastructure. On 15 March 2024, Zecon and Sarawak Digital Economy Corporation Berhad (SDEC) signed a Memorandum of Understanding to collaborate on the Kota Petra Masterplan, which includes developing an integrated urban area with smart city technologies.

📌 NAIM

Naim is a leading township developer in Sarawak with flagship developments in Miri, Kuching, and Bintulu. As a Class A Bumiputera Contractor with ISO 9001 certification, Naim has also expanded beyond Sarawak into Sabah, Peninsular Malaysia, and Fiji, working on various large-scale projects, including the MRT project in Klang Valley and road rehabilitation projects in Fiji.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : MATERIAL UNCERTAINTY RELATED TO GOING CONCERN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

KUCHING: Zecon Bhd has earmarked a 3,000-acre landbank under its Kota Petra Masterplan to lead potential solar farms and green energy-related development, according to group managing director Datuk Zainal Abidin Ahmad.

OTHERSANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

OTHERSZECON BERHAD (ZECON OR COMPANY)

PROPOSED ACQUISITION BY ZECON LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ZECON, OF A PROJECT FROM PR1MA CORPORATION MALAYSIA FOR A PURCHASE SUM OF RM63,560,000 (PROPOSED ACQUISITION)

OTHERSANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI TOMMY BIN BUGO@HAMID BIN BUGO

KUALA LUMPUR: Zecon Bhd said it had accepted a combined total of RM851.94 million in Tawarruq Asset Financing Facilities from Bank Pembangunan Malaysia Bhd (BPMB). 

© New Straits Times Press (M) Bhd

OTHERSZECON BERHAD ("ZECON" OR "THE COMPANY")
- ACCEPTANCE OF BANKING FACILITY FROM BANK PEMBANGUNAN MALAYSIA BERHAD (BPMB)

OTHERSANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

OTHERSANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK HAJI ZAINAL ABIDIN BIN HAJI AHMAD

Changes in Director's Interest (Section 219 of CA 2016) - DATUK HAJI ZAINAL ABIDIN BIN HAJI AHMAD

Changes in Director's Interest (Section 219 of CA 2016) - DATUK HAJI ZAINAL ABIDIN BIN HAJI AHMAD