Bursa Alert
Global Market
NewsHot Stock Chee Wah dips 17% on bearish broader market sentiment
Page 1 of 1
Hot Stock Chee Wah dips 17% on bearish broader market sentiment
by Cals Tue 09 Dec 2014, 03:54
Hot Stock
Chee Wah dips 17% on bearish broader market sentiment
KUALA LUMPUR (Dec 8): Stationery maker Chee Wah Corp Bhd declined as much as eight sen or 17% to 40 sen on the back of bearish broader market sentiment.
Chee Wah fell despite announcing it was acquiring a piece of leasehold industrial land with an existing factory and warehouse in Seberang Prai, Penang for RM6.5 million. The seller is Maica Laminates Sdn Bhd.
At 12:30pm, Chee Wah shares reduced losses to settle at 41 sen with 100,000 shares changing hands.
The FBM KLCI fell 7.66 points or 0.4%. Across Bursa Malaysia, the bearish market sentiment had resulted in 486 decliners versus 188 gainers.
Last Friday, Chee Wah Chee Wah said the existing warehouse on the Seberang Prai land would replace the company's currently-rented warehouse.
Chee Wah said “the savings in rental will be channelled to partially pay Chee Wah’s bank borrowings to be obtained for financing the proposed acquisition."
Chee Wah dips 17% on bearish broader market sentiment
KUALA LUMPUR (Dec 8): Stationery maker Chee Wah Corp Bhd declined as much as eight sen or 17% to 40 sen on the back of bearish broader market sentiment.
Chee Wah fell despite announcing it was acquiring a piece of leasehold industrial land with an existing factory and warehouse in Seberang Prai, Penang for RM6.5 million. The seller is Maica Laminates Sdn Bhd.
At 12:30pm, Chee Wah shares reduced losses to settle at 41 sen with 100,000 shares changing hands.
The FBM KLCI fell 7.66 points or 0.4%. Across Bursa Malaysia, the bearish market sentiment had resulted in 486 decliners versus 188 gainers.
Last Friday, Chee Wah Chee Wah said the existing warehouse on the Seberang Prai land would replace the company's currently-rented warehouse.
Chee Wah said “the savings in rental will be channelled to partially pay Chee Wah’s bank borrowings to be obtained for financing the proposed acquisition."
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 Aeon Credit dips 7% on broader market weakness, downgrade
» Midday Market KLCI dips as US government shut down keeps sentiment nervy
» Hot Stock YTL Corp bucks broader market losses
» Hot Stock MISC up by 6.22% on broader market, ringgit rally
» Hot Stock Focus Lumber bucks broader market weakness
» Midday Market KLCI dips as US government shut down keeps sentiment nervy
» Hot Stock YTL Corp bucks broader market losses
» Hot Stock MISC up by 6.22% on broader market, ringgit rally
» Hot Stock Focus Lumber bucks broader market weakness
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum