Tanco Holdings is trading 31% up at MYR 0.32 following a sharp rebound driven by major progress on its Smart AI Container Port project in Port Dickson.
- The group secured key plan approvals for the proposed port development, significantly improving sentiment regarding the project's execution and the group's outlook.
- Two strategic agreements were signed for cooperation and the supply of construction materials, further bolstering the group's long-term prospects.
- The rally marks a significant recovery for the stock after a period of recent heavy losses.