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Hot Stock Golden Land falls 9.42% after FGV buys land
by Cals Tue 09 Jun 2015, 18:28
Hot Stock
Golden Land falls 9.42% after FGV buys land
KUALA LUMPUR (June 9): Shares of Golden Land Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell 9.42% in early trade today afterFelda Global Ventures Holdings Bhd (FGV) ([You must be registered and logged in to see this image.] Financial Dashboard) acquired land owned by Golden Land for RM655 million.
In a Bursa Malaysia announcement yesterday, Felda (fundamental: 1.15; valuation: 1.4) said it entered into a conditional sale and purchase agreement with Golden Land (fundamental: 0.7; valuation: 2.0) via its wholly-owned subsidiary, Pontian United Plantations Bhd.
At 9.22am, Golden Land lost 18 sen to RM1.73 with 1.44 million shares done. Meanwhile, FGV fell 0.52% or one sen to RM1.90 with 216,500 shares done.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Golden Land falls 9.42% after FGV buys land
KUALA LUMPUR (June 9): Shares of Golden Land Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell 9.42% in early trade today afterFelda Global Ventures Holdings Bhd (FGV) ([You must be registered and logged in to see this image.] Financial Dashboard) acquired land owned by Golden Land for RM655 million.
In a Bursa Malaysia announcement yesterday, Felda (fundamental: 1.15; valuation: 1.4) said it entered into a conditional sale and purchase agreement with Golden Land (fundamental: 0.7; valuation: 2.0) via its wholly-owned subsidiary, Pontian United Plantations Bhd.
At 9.22am, Golden Land lost 18 sen to RM1.73 with 1.44 million shares done. Meanwhile, FGV fell 0.52% or one sen to RM1.90 with 216,500 shares done.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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