Konsortium Transnasional rises 14.5% on fare hikes

-A +A

KUALA LUMPUR (March 19): Shares of Konsortium Transnasional Bhd (KTB) were heavily traded today, after the Land Public Transport Commission announced a fare hike for express buses.

The stock was one of the most-active stocks on Bursa Malaysia today — some 17.5 million KTB shares were traded as at 2.35pm — and its share price was up 4.5 sen or 14.5% to 35.5 sen.

It was trading between 32 sen to 36.5 sen in the morning trade.

SPAD will raise express bus fares to 11.4 sen per km, up 22.58% from 9.3 sen per km before. The new fare will be effective from May 15, 2015.

KTB is the largest operator of public bus transportation in Malaysia. It operates express bus "Transnasional", economy express bus "Plusliner" and executive and luxury coaches “Nice".

theedgemarkets.com has also highlighted today , KTB (fundamental: 0.3; valuation: 1.2) as a stock with momentum.

(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.)