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Hot Stock Berjaya Corp accumulates investors’ interest on 578% 1Q profit rise, dividend
by Cals Wed 30 Sep 2015, 22:12
- Hot Stock
[size=28]Berjaya Corp accumulates investors’ interest on 578% 1Q profit rise, dividend
By Gho Chee Yuan / theedgemarkets.com | September 30, 2015 : 10:52 AM MYTKUALA LUMPUR (Sept 30): Berjaya Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.90) surged as much as 6% after the diversified group reported significantly higher first quarter net profit from a year earlier and declared a dividend.
According to Berjaya Corp’s filing with the exchange yesterday, net profit for the first quarter ended July 31, 2015 (1QFY16) surged to RM56.13 million from RM8.28 million previously.
The group declared a dividend of one sen per share. The ex and payment dates fall on Dec 7 and Dec 30 respectively.
Today, shares of Berjaya Corp, the businesses of which include real estate, gaming, besides food and beverage, rose as much as two sen to 38 sen.
At 10.10am, the stock pared gains at 37 sen. Trading volume was 10.33 million shares, making it the eighth most-active counter across the bourse.
(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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