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Hot Stock Multi-Code surges 23.81% on landing Proton jobs
by Cals Mon 28 Dec 2015, 22:55
Hot Stock
Multi-Code surges 23.81% on landing Proton jobs
By Surin Murugiah / theedgemarkets.com | December 28, 2015 : 9:26 AM MYT
KUALA LUMPUR (Dec 28): Shares of Multi-Code Electronics Industries (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.45) surged 23.81% in early trade today after it signed contracts worth RM240 million with Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply electronics parts for the national carmaker for five years.
At 9.06am, Multi-Code rose 20 sen to RM1.04 with 100,100 shares done.
Multi-Code said in a Bursa Malaysia filing that it will supply Proton cars with anti-theft systems, parking sensors, power regulator systems, functional switches, and ignition key set systems beginning in the second and third quarters of its financial year ending July 31, 2016.
The estimated initial investment outlay was RM1.55 million, it added.
Multi-Code is principally involved in the manufacturing and supply of car alarm systems, central locking and power window regulators.
(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.)
Multi-Code surges 23.81% on landing Proton jobs
By Surin Murugiah / theedgemarkets.com | December 28, 2015 : 9:26 AM MYT
KUALA LUMPUR (Dec 28): Shares of Multi-Code Electronics Industries (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.45) surged 23.81% in early trade today after it signed contracts worth RM240 million with Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply electronics parts for the national carmaker for five years.
At 9.06am, Multi-Code rose 20 sen to RM1.04 with 100,100 shares done.
Multi-Code said in a Bursa Malaysia filing that it will supply Proton cars with anti-theft systems, parking sensors, power regulator systems, functional switches, and ignition key set systems beginning in the second and third quarters of its financial year ending July 31, 2016.
The estimated initial investment outlay was RM1.55 million, it added.
Multi-Code is principally involved in the manufacturing and supply of car alarm systems, central locking and power window regulators.
(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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