This is why COMPUGATES actively traded

Recently, shares of COMPUGATES has been actively traded. The counter was even issued a UMA by BURSA MALAYSIA two weeks ago.

COMPUGATES Holdings Bhd is a distributor of consumer electronics products.

The stock bullishness could be due to the company recently submitted proposals worth more than RM2 billion for various solar projects in Sabah.

The company was expected to clinch these projects even though the outcome of the proposals was not known yet.

COMPUGATES also targeting bigger projects in Sabah and a plant worth around RM30 million would be set up soon.

At this moment, the new plant is still in preliminary planning and awaiting approval from board of directors.

COMPUGATES is also in advanced negotiations with other government agencies and local authorities in Sabah to provide green energy solutions.