Saturday 20 Apr 2024
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KUALA LUMPUR (Nov 20): Newly-listed electrical and mechanical engineering firm Kejuruteraan Asastera Bhd (KAB) fell 3.33% in active trade this morning.

At 9.15am, KAB fell 1 sen to 29 sen with 15.05 million shares done.

Last Friday after its debut on the ACE Market of Bursa Malaysia, KAB said it is targeting an order book value of RM250 million by year end.

The company's current order book stands at RM210 million and is expected to last till 2019. It is also tendering for projects worth RM250 million.

KAB debuted on the ACE Market of Bursa Malaysia last Friday with an opening price of 33 sen, a premium of eight sen or 32% from its initial public offering (IPO) price of 25 sen. It pared some of the gains to settle at 30 sen, still up 20% or 5 sen.

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