Thursday 28 Mar 2024
By
main news image
This article first appeared in The Edge Financial Daily, on September 6, 2016.

 

Ranhill Holdings Bhd (-ve)

SHARES in Ranhill Holdings Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm for the first time yesterday since the stock was listed in March this year.

It closed down 0.5 sen or 0.5% at 99 sen yesterday, after trading volume more than doubled to 1.6 million from 

603,600 shares last Friday.

It told Bursa Malaysia yesterday that a consortium led by its associate submitted a proposal for the development of a combined cycle gas turbine power plant to the ministry of energy, green technology and water in April 2016, but it has yet to receive any Letter of Award thus far.

      Print
      Text Size
      Share