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Hot Stock PUC Founder jumps 12% on Tenaga power purchase agreement
by Cals Wed 24 Jun 2015, 03:40
Hot Stock
PUC Founder jumps 12% on Tenaga power purchase agreement
KUALA LUMPUR (June 23): PUC Founder (MSC) Bhd rose as much as 1.5 sen to 14.5 sen after the firm announced it signed a renewable energy power purchase agreement with Tenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) yesterday.
At 9.16am today, PUC Founder (fundamental: 1.85; valuation: 1.1) pared gains at 14 sen with 13.11 million shares traded, making it the most actively-traded counter across the bourse.
At 9:34am, PUC Founder saw some 15 million shares done to become the fourth most-active entity.
Yesterday, PUC Founder said it would sell electricity generated from its one-megawatt solar power plant in Sungai Petani, Kedah to state-controlled utility Tenaga (fundamental: 1.3; valuation: 1.8) for 21 years.
Under the deal, Tenaga will purchase electricity from PUC Founder at a rate of RM1.0355 per kilowatt hour.
(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.)
PUC Founder jumps 12% on Tenaga power purchase agreement
KUALA LUMPUR (June 23): PUC Founder (MSC) Bhd rose as much as 1.5 sen to 14.5 sen after the firm announced it signed a renewable energy power purchase agreement with Tenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) yesterday.
At 9.16am today, PUC Founder (fundamental: 1.85; valuation: 1.1) pared gains at 14 sen with 13.11 million shares traded, making it the most actively-traded counter across the bourse.
At 9:34am, PUC Founder saw some 15 million shares done to become the fourth most-active entity.
Yesterday, PUC Founder said it would sell electricity generated from its one-megawatt solar power plant in Sungai Petani, Kedah to state-controlled utility Tenaga (fundamental: 1.3; valuation: 1.8) for 21 years.
Under the deal, Tenaga will purchase electricity from PUC Founder at a rate of RM1.0355 per kilowatt hour.
(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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