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Hot Stock Super up 32 sen on takeover offer

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Hot Stock Super up 32 sen on takeover offer Empty Hot Stock Super up 32 sen on takeover offer

Post by Cals Thu 18 Jun 2015, 20:11

Hot Stock
Super up 32 sen on takeover offer

KUALA LUMPUR (June 18): Super Enterprise Holdings Bhd jumped as much as 10% after the adhesive label maker received a takeover offer from a US-based company.
Yesterday, Super (fundamental: 2.2, valuation: 1.4) told Bursa Malaysia it received the takeover offer from Multi-Color Corp at RM3.80 a share.
Today, Super shares rose to its highest so far today at RM3.65. At 11.35am, the stock reduced gains at RM3.59, making it the third-largest gainer across the bourse.
Some 1.5 million shares changed hands.
Multi-Color, which does not own any Super shares at the moment, does not intend to maintain Super's listing on Bursa Malaysia.
Multi-Color's RM3.80 offer for Super compares with Super's latest reported net assets per share of RM2.41.
(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.)
Cals
Cals
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