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Hot Stock BCorp climbs 3.4% on waste-recycling JV
by Cals Fri 09 Oct 2015, 22:51
- Hot Stock
[size=28]BCorp climbs 3.4% on waste-recycling JV
By Supriya Surendran / theedgemarkets.com | October 9, 2015 : 10:53 AM MYTKUALA LUMPUR (Oct 9): Berjaya Corp Bhd (BCorp) ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 0.90) rose as much as 1.5 sen to 45 sen on news of the group's planned industrial waste recycling joint venture (JV) with Japan-listed Amita Holdings Co Ltd.
At 10.19am, BCorp shares cut gains at 44.5 sen with 16.99 million shares changing hands. At 10.40am, the stock was the eighth most-active on Bursa Malaysia.
Yesterday, BCorp said the proposed name of the JV company was Amita KUB-Berjaya Kitar Sdn Bhd. The JV entity was intended for recycling of industrial waste to produce alternative raw material and fuel in Malaysia.
BCorp said the JV presented an opportunity for the group to further expand its environment related business.
(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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