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NewsInstacom changes name to Vivocom Intl Holdings
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Instacom changes name to Vivocom Intl Holdings
by Cals Sat 23 Jan 2016, 01:57
Instacom changes name to Vivocom Intl Holdings
By Danial Idraki / theedgemarkets.com | January 22, 2016 : 5:27 PM MYT
KUALA LUMPUR (Jan 22): Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.20, Fundamental: 1.95) has changed its name to Vivocom Intl Holdings Bhd, and its securities will be traded and quoted under the new name next Wednesday (Jan 27).
In a bourse filing, Bursa Malaysia Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.30) announced that the stock short name of its securities will be changed accordingly, with Instaco to Vivocom, Instaco-WB to Vivocom-WB, Instaco-WC to Vivocom-WC, and Instaco-WD to Vivocom-Wd.
“However, the stock number remains unchanged,” Bursa said.
Instacom, a telecommunication towers specialist, recently secured a RM240.42 million contract for the construction works of two blocks of commercial towers at the Desa Tasik project in Sg Besi.
Instacom closed unchanged at 28.5 sen today, with 26.03 million shares traded, giving it a market value of RM705.5 million.
(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.)
By Danial Idraki / theedgemarkets.com | January 22, 2016 : 5:27 PM MYT
KUALA LUMPUR (Jan 22): Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.20, Fundamental: 1.95) has changed its name to Vivocom Intl Holdings Bhd, and its securities will be traded and quoted under the new name next Wednesday (Jan 27).
In a bourse filing, Bursa Malaysia Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.30) announced that the stock short name of its securities will be changed accordingly, with Instaco to Vivocom, Instaco-WB to Vivocom-WB, Instaco-WC to Vivocom-WC, and Instaco-WD to Vivocom-Wd.
“However, the stock number remains unchanged,” Bursa said.
Instacom, a telecommunication towers specialist, recently secured a RM240.42 million contract for the construction works of two blocks of commercial towers at the Desa Tasik project in Sg Besi.
Instacom closed unchanged at 28.5 sen today, with 26.03 million shares traded, giving it a market value of RM705.5 million.
(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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