Thursday 18 Apr 2024
By
main news image

KUALA LUMPUR (May 13): PPB Group Bhd shares fell 1.5 percent, more than any full-day drop since March 21 and more than quadruple Malaysia's benchmark index.

Market Metrics

* Shares declined to RM18.32, lower than any close since March 29, from RM18.60 in the previous session.

* Trading volume was almost the same as the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.3 percent, and the MSCI AC Asia Pacific Index fell 0.3 percent.

Market Insights

* In the past year, the stock had a similar or greater loss five times at the close; it declined in the next trading session three times (1.5 percent, on average).

* Shares are at a 13 percent premium to the analysts' consensus target price. The stock traded at an average 7.4 percent premium over the past year.

* Stock advanced 16 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 13 percent.

Catalysts

* An annual shareholder meeting is scheduled for May 17.
 

      Print
      Text Size
      Share