Theta Edge Bhd shares climbed to a six-month high after the company announced it had secured a RM3.028 billion contract to supply railway systems for the Penang Light Rail Transit (LRT) Mutiara Line.
The deal, executed through a joint venture, represents a significant order book addition for the Malaysian infrastructure and engineering firm.
22 billion contract for AI infrastructure, and WCT Holdings Bhd, which secured a RM926 million deal in Abu Dhabi.
The market reaction underscores investor appetite for large-scale infrastructure wins in Malaysia.
The share price move follows a broader trend of positive sentiment among local construction and technology firms securing major government or semi-government contracts.
Recent activity in the sector includes SNS Network Technology Bhd, whose shares also hit a six-month high following a RM1.22 billion contract for AI infrastructure, and WCT Holdings Bhd, which secured a RM926 million deal in Abu Dhabi.
The Penang LRT Mutiara Line is a key component of Malaysia’s public transport expansion strategy.