Bursa Alert
Global Market
NewsHot Stock Perduren rises 30%, hits limit up
Page 1 of 1
Hot Stock Perduren rises 30%, hits limit up
by Cals Mon 18 Aug 2014, 22:24
| Hot Stock Perduren rises 30%, hits limit up |
| Business & Markets 2014 |
| Written by Gho Chee Yuan of theedgemalaysia.com |
| Monday, 18 August 2014 15:57 KUALA LUMPUR (Aug 18): Perduren (M) Bhd rose as much as 30% to hit limit up as investors expect the property investment company to report stronger net profit for the first quarter ended June 30, 2014, remisiers said. At 3.47pm, Perduren gained 30 sen to RM1.30. Despite the sudden rise in the share price, only 72,700 shares were seen traded. “Investors think the company’s net profit may continue to grow in the first quarter of financial year 2015 (1QFY15),” Goh Kay Chong, a senior remisier at SJ Securities Sdn Bhd told theedgemalaysia.com over telephone. In 4QFY14, Perduren's net profit rose significantly to RM2.67 million from RM283,000 a year earlier. Full-year profit climbed to RM6.77 million from RM2.38 million. Noting the sudden increase in the share price, Goh, however, said trading volume for the counter was “quite unusual”. “Although there are funds, which have started to buy the stock since June 19, the buy signal only appeared on August 14. “Some big funds are eyeing the counter but please be careful as the trading volume of the counter remain low,” he said. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock Oriental Food hits limit up
» Hot Stock Y&G almost hits limit up on better earnings, five sen dividend
» Update Bursa queries Brem after stock hits limit up
» Hot Stock Metal Reclamation hits limit down on PN17 trigger
» Hot Stock Metal Reclamation hits limit up after proposing to sell lead processing, technology assets
» Hot Stock Y&G almost hits limit up on better earnings, five sen dividend
» Update Bursa queries Brem after stock hits limit up
» Hot Stock Metal Reclamation hits limit down on PN17 trigger
» Hot Stock Metal Reclamation hits limit up after proposing to sell lead processing, technology assets
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum