Hot Stock Berjaya Auto in spotlight ahead of 3Q results
Page 1 of 1
Hot Stock Berjaya Auto in spotlight ahead of 3Q results
- Hot Stock
[size=28]Berjaya Auto in spotlight ahead of 3Q results
By Supriya Surendran / theedgemarkets.com | March 9, 2016 : 4:01 PM MYTKUALA LUMPUR (March 9): Berjaya Auto Bhd became Bursa Malaysia's seventh most-actively traded stock in anticipation of the car distributor's third quarter financial announcement this Friday, according to analysts.
At 3.42pm today, Berjaya Auto saw some 26 million shares traded. The stock fell one sen or 0.5% to RM2.14 for a market capitalisation of RM2.45 billion.
"There has not been any market moving news or fundamental changes on Berjaya Auto of late. So, the only reason there is active trading of its shares today is the release of its results this Friday," an analyst told theedgemarkets.com.
Berjaya Auto's financial year ends on April 30. During the second quarter ended Oct 31, 2015, the company said net profit fell to RM53.06 million from RM57.52 million a year earlier.
First-half net profit dropped to RM105.27 million from RM113.62 million.
[/size]
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
» Stocks to watch: Better results may put spotlight on SapuraKencana, B Auto
» Results Preview RHB Research maintains Buy on Berjaya Auto, raises fair value to RM3.20
» Hot Stock Berjaya Auto up 7% on profit rise, dividends
» Hot Stock Berjaya Auto rebounds 5.3% as foreign selldown stops
» Hot Stock Berjaya Auto rises after CIMB Research starts coverage
» Results Preview RHB Research maintains Buy on Berjaya Auto, raises fair value to RM3.20
» Hot Stock Berjaya Auto up 7% on profit rise, dividends
» Hot Stock Berjaya Auto rebounds 5.3% as foreign selldown stops
» Hot Stock Berjaya Auto rises after CIMB Research starts coverage
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum