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.