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Hot Stock George Kent rises 2.88% on Hong Kong water meter contract
by Cals Thu 10 Sep 2015, 00:42
Hot Stock George Kent rises 2.88% on Hong Kong water meter contract
By Surin Murugiah / theedgemarkets.com | September 9, 2015 : 9:49 AM MYT
KUALA LUMPUR (Sept 9): Shares of water meter manufacturer George Kent (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.40) rose 2.88% in early trade today after the company secured a contract for the supply and delivery of 600,000 units of water meters to Hong Kong’s Water Supplies Department (WSD) worth RM31.19 million, the largest single order for water meters it has ever obtained so far.
At 9.31am, George Kent rose 4 sen to RM1.43 with 1.29 million shares done.
In a statement posted on Bursa Malaysia yesterday, George Kent said it has today received the Letter of Award from WSD for the job, which will span over the next two years.
The engineering company, which specialises in water-related projects, said the meters will be delivered in 24 batches with the first shipment to commence in October 2015.
By Surin Murugiah / theedgemarkets.com | September 9, 2015 : 9:49 AM MYT
KUALA LUMPUR (Sept 9): Shares of water meter manufacturer George Kent (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.40) rose 2.88% in early trade today after the company secured a contract for the supply and delivery of 600,000 units of water meters to Hong Kong’s Water Supplies Department (WSD) worth RM31.19 million, the largest single order for water meters it has ever obtained so far.
At 9.31am, George Kent rose 4 sen to RM1.43 with 1.29 million shares done.
In a statement posted on Bursa Malaysia yesterday, George Kent said it has today received the Letter of Award from WSD for the job, which will span over the next two years.
The engineering company, which specialises in water-related projects, said the meters will be delivered in 24 batches with the first shipment to commence in October 2015.
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