theedgemalaysia.com highlighted 21 stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. A resounding majority of 20 showed negative momentum, while only one showed positive momentum.

Coastal Contracts Bhd's latest announcement of its Mexican joint venture (JV) company, together with its partners, to address the urgent gas flaring issues at the Ixachi Field in Mexico, is positive for the shipbuilding company, as it enhances revenue visibility for the company, among others.

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

PETALING JAYA: Coastal Contracts Bhd has announced that a consortium comprising its Mexican joint venture company, Coastoil Dynamic SA de CV, Sistemas Integrales de Compresión SA de CV and Nuvoil SA de CV has received an emergency work instruction (EWI) from Petroleos Mexicanos (Pemex), the Mexican state-owned petroleum company.

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

Coastal Contracts Bhd (KL:COASTAL) said a consortium led by its Mexican joint venture has secured an emergency job from Mexico’s national oil and gas firm Petróleos Mexicanos to immediately design and build a gas sweetening plant at the Ixachi Field to curb excessive gas flaring.

PETALING JAYA: Coastal Contracts Bhd has announced that a consortium comprising its Mexican joint venture company, Coastoil Dynamic SA de CV, Sistemas Integrales de Compresión SA de CV and Nuvoil SA de CV has received an emergency work instruction (EWI) from Petróleos Mexicanos (PEMEX), the Mexican state-owned petroleum company.

TA Research is maintaining its "neutral" stance on the oil and gas sector, as rising global oil inventories and supply outpacing demand this year are likely to keep oil prices range-bound.

Coastal Contracts Bhd is still in discussion with Mexico's state oil company Petróleos Mexicanos (Pemex) for the potential expansion of its gas processing capacity at the Perdiz onshore gas processing plant in Mexico.

KUALA LUMPUR: Stocks to watch today include Crest Builder Holdings Bhd, Evergreen Max Cash Capital Bhd (EMCC), Yinson Holdings Bhd, Betamek Bhd, Southern Score Builders Bhd (SSBB), George Kent (M) Bhd, Kim Loong Resources Bhd, AME Elite Consortium Bhd, Coastal Contracts Bhd, MN Holdings Bhd and Citaglobal Bhd.

PETALING JAYA: Coastal Contracts Bhd has secured an engineering, procurement and construction (EPC) and services contract in Mexico with Petróleos Mexicanos (Pemex), with an aggregate value of approximately US$1.14bil (RM4.64bil).

KUALA LUMPUR (Dec 22): Here is a brief recap of some corporate announcements that made the news on Monday. AME Elite Consortium Bhd (KL:AME) is selling five industrial properties in Johor to CapitaLand Malaysia Trust (KL:CMLT) for RM220.8 million in cas...

KUALA LUMPUR: Bursa Malaysia ditutup tinggi pada Isnin, kekal hampir di paras tertinggi dalam tempoh 15 bulan seiring dengan prestasi kebanyakannya positif di pasaran serantau serta disokong oleh aktiviti memperelokkan akaun akhir tahun.

 （吉隆坡22日讯）沿海工程（COASTAL,5071,主板能源组）宣布，成功赢得墨西哥国家石油公司墨西哥国油（Pemex）的Ixachi天然气田工程、采购与建设合约，总值约11亿3620万美元（约46亿41410万令吉）。该公司配合上述宣布，今早暂停交易1小时，10时恢复交易股价应声大涨，升高10仙以1令吉34仙迎市，尔后稳步升破1令吉41仙，盘中一度冲高24仙或19.67%，站上1令吉46仙高位，跻身10大上升股榜，刷新今年1月22日以来的11个月新高记录。闭市时，该股收在1...

KUALA LUMPUR: Bursa Malaysia advanced on Monday, holding near a 15-month high as gains broadly mirrored mostly positive developments across regional markets, with year-end window dressing continuing to provide support.

（吉隆坡22日讯）富时综指今日在买卖双方交投拉锯中震荡前行，经历一番起伏后，在买盘支撑下逐步走稳，并以全日最高位1671.29点收市，不仅成功突破1670点水平，也成功实现三连升。富时指数今早微跌1.62点至1664.28点开市，随后走势回升，但在投资者逢高获利了结下，指数回吐升幅，最低下探至1663.12点，倒跌2.78点，之后在涨跌之间反复拉锯。闭市时，马股成功扭转跌势，收在1671.29点，起5.39点。富时全股指数报12264.19点，起31.11点；创业板指数则起11.02点，报4...

KUALA LUMPUR: Coastal Contracts Bhd memperoleh kontrak pemprosesan gas bernilai RM4.64 bilion di Mexico menerusi satu konsortium yang diterajui oleh syarikat usaha samanya di Mexico, Coastoil Dynamic SA de CV (CD).

KUALA LUMPUR: Bursa Malaysia was lower at midday as mild selling pressure in selected heavyweight stocks weighed on the market following recent gains, diverging from the positive performance seen across regional markets.

截至中午12点半休市时，综指报1665.24点，跌0.66点或0.04%。...