What's driving Ornapaper to fresh 9-year high?
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What's driving Ornapaper to fresh 9-year high?
KUALA LUMPUR: Shares of corrugated box maker Ornapaper Bhd advanced to RM1.34 in late Thursday afternoon, the highest since April 2004, in the absence of fresh corporate news.
At 3.39pm, it was up 16 sen to RM1.27. There were 6.14 million shares traded at prices ranging fro RM1.27 to RM1.34.
The surge in the share price, after hitting limit-up earlier this week, bucked the weaker market sentiment.
The FBM KLCI fell 7.61 points to 1,818.03. Turnover was 2.01 billion shares valued at RM1.38bil. There were 280 gainers, 473 losers and 296 counters unchanged.
Its net asset per share as at Sept 30, 2013 was RM1.60. It posted net profit of RM2.75mil in the third quarter ended Sept 30, 2013 compared with RM2.14mil a year ago.
At RM1.27, it is trading at a price-to-earnings of 15.29 times.
Its paid-up is 74.20 million shares while free float is 49.2 million shares.
Its major shareholder is Instisari Delima Sdn Bhd with 18.63 million shares or 25.1% based on. Lembaga Tabung Haji holds 5.21 million shares.
At 3.39pm, it was up 16 sen to RM1.27. There were 6.14 million shares traded at prices ranging fro RM1.27 to RM1.34.
The surge in the share price, after hitting limit-up earlier this week, bucked the weaker market sentiment.
The FBM KLCI fell 7.61 points to 1,818.03. Turnover was 2.01 billion shares valued at RM1.38bil. There were 280 gainers, 473 losers and 296 counters unchanged.
Its net asset per share as at Sept 30, 2013 was RM1.60. It posted net profit of RM2.75mil in the third quarter ended Sept 30, 2013 compared with RM2.14mil a year ago.
At RM1.27, it is trading at a price-to-earnings of 15.29 times.
Its paid-up is 74.20 million shares while free float is 49.2 million shares.
Its major shareholder is Instisari Delima Sdn Bhd with 18.63 million shares or 25.1% based on. Lembaga Tabung Haji holds 5.21 million shares.
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