Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Stock With Momentum: CAB cakaran Corporation

Bursa Community :: Community News

Go down

Stock With Momentum: CAB cakaran Corporation Empty Stock With Momentum: CAB cakaran Corporation

Post by Cals Wed 20 Jan 2016, 18:12

Stock With Momentum: CAB cakaran Corporation

By Asia Analytica / The Edge Financial Daily   | January 20, 2016 : 10:48 AM MYT 


This article first appeared in The Edge Financial Daily, on January 20, 2016.
 
[size=16]CAB cakaran Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.30) (-ve)
Shares of CAB (Fundamental: 0.55/3, Valuation: 1.1/3) rose as much as 5.8% to an intraday high of RM1.83 in early trade yesterday, after it proposed a private placement to Plant Wealth Holdings Limited on Monday. The stock closed 1.2% higher at RM1.75 yesterday.
The placement, at the issue price of RM2.07 a share, will see the company raise up to RM31.2 million. Of the proceeds, RM10 million would be used to repay borrowings, while RM20.8 million will be used for general working capital purposes.
Post-placement, Plant Wealth is expected to hold between 6.79% and 9.1% of CAB’s shares.
Recall that CAB had, in December, entered into a memorandum of understanding with KMP Private Ltd — which controls Plant Wealth — to study the possibilities of a joint venture in Indonesia. KMP is 67%-owned by Anthoni Salim, chairman of Salim Group.
For FYSept2015, CAB’s revenue grew 32.6% y-o-y to RM891.7 million, while net profit grew 43.6% y-o-y to RM16.0 million.
[You must be registered and logged in to see this image.]







Rela

[/size]
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male 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 I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum