<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 1): Construction firm Pintaras Jaya Bhd climbed as much as 28 sen or 6% to a new all-time high of RM4.88 today. Pintaras had risen as investors chased the shares to capitalise on its proposed dividend. 
 
The stock became the third-biggest gainer across Bursa Malaysia, albeit on thin trade of 206,500 shares at 3.51pm. For comparison, the FBM KLCI fell 1.96 points or 0.1%. 
 
Piling specialist Pintaras has proposed to pay a dividend of nine sen a share for the fourth quarter ended June 30, 2014, bringing the full-year figure to 15 sen. The stock will trade ex-dividend this Dec 29. 
 
RHB Research Institute Sdn Bhd has a fair value of RM4.92 for Pintaras shares. 
 
In RHB's latest note on the construction sector, RHB analyst Joshua Ng named Pintaras as the best proxy for piling jobs. 
 
Ng, in a previous note on Pintaras, said the company had a few key advantages over its rivals. He said Pintaras had a full range of piling machines, tools and accessories; possesses in-depth knowledge of ground conditions; and has the ability to secure cash discounts for key inputs, as Pintaras has a strong balance sheet.</div>

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KUALA LUMPUR (Oct 1): Construction firm Pintaras Jaya Bhd climbed as much as 28 sen or 6% to a new all-time high of RM4.88 today. Pintaras had risen as investors chased the shares to capitalise on its proposed dividend.

The stock became the third-biggest gainer across Bursa Malaysi...

Pintaras rises 6% to new all-time high on dividend

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Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

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