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NewsTRIplc up 34.4% this morning on proposed RM140.15m land disposal
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TRIplc up 34.4% this morning on proposed RM140.15m land disposal
by Cals Tue 22 Sep 2015, 23:14
- Hot Stock
[size=28]TRIplc up 34.4% this morning on proposed RM140.15m land disposal
By Supriya Surendran / theedgemarkets.com | September 22, 2015 : 10:56 AM MYTKUALA LUMPUR(Sep 22): Construction and property development company TRIplc Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 0.80) saw its share price go up by 30 sen, or 34.4% this morning to RM1.17, on the announcement of its proposed RM140.15 million land disposal.
In a filing with Bursa Malaysia yesterday, TRIplc said that its wholly-owned subsidiary Zuriat Watan Sdn Bhd had received a confirmation of acceptance from Worldwide Holdings Bhd, together with an earnest deposit of 2%, for the proposed disposal of a parcel of leasehold mixed development land for RM140.15 million in cash.
The land comprises of 906 sub-divided plots measuring a total of approximately 338.67 acres, and is located in Bandar Sungai Buaya,Serendah, Selangor.
At 10.41 a.m, TRIplc shares were trading at its high of RM1.17 and was one of the top three gainers on Bursa Malaysia this morning, with 245,900 shares traded and a market capitalisation of RM56.5 million.
(Note: [size=12]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.[/size]
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