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Cheeding Holdings Berhad is a Malaysia-based investment holding company. The Company is principally involved in the provision of utilities engineering solutions, where its main activities involve engineering, procurement, construction and commissioning (EPCC) and maintenance of overhead infrastructure for utilities, EPCC of underground infrastructure for utilities and substation engineering services. The Company’s business activities are undertaken on a project basis. It procures, supplies, delivers, installs, constructs, tests and commissions as well as inspects, repairs and maintains overhead infrastructure for utilities. It also undertakes substation engineering works involving technical design and build of primary equipment in the primary bay of a new or existing substation. Its projects include Ayer Tawar Project, Bandar Sri Damansara Project, Johor Project, Johor 2 Project, Kampung Gajah Project, Kedah Project, Kota Damansara Project, Kota Setar Project, among others.
Utilities-related stocks are expected to continue doing well as their businesses benefit from higher energy demand supported by data centres (DCs), a rise in electricity tariffs in Peninsular Malaysia and the ongoing expansion of renewable energy (RE) infrastructure.
theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Three stocks showed positive momentum while six stocks showed negative momentum.