On what conditions that it turns unconditional? Bplant turns unconditional by just LTAT sent a letter to Bplant. I thought after the approval of Sime Darby investors, it will turn unconditional straight away. There is no announcement made by Sime Darby that the acquisition of UMW turns unconditional.

KAREX (KAREX, 5247, main board consumer stock) closed at 67 sen on 16 November 2023

The daily chart trend of Karex may show a rebound trend, and it may moves upward towards the target price of 72 sen.

We are now waiting for its 1st results, on the day where its AGM is held, on 27 November 2023.

At this moment, the share price of MBMR is at the peak at RM4.20. Does it have any space to make new high? To buy or not to buy at RM4.20? Very risky.

https://www.thestar.com.my/business/business-news/2023/11/09/glove-sector-on-the-mend
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7153
Kossan returns to be profitable after Hartalega did so.

https://www.nst.com.my/business/2023/01/867339/karex-benefit-strong-condoms-demand-growing-tailwinds-favourable-environment
CGS-CIMB Research raised its FY23-FY25 to account for higher ASPs, better production output, and margin expansion from lower input costs.

The research firm reiterates an 'Add' call for Karex with a target price raised to RM0.96.

KAREX, 5247, Main Board Consumer Stock

The stock retreated from a high of 86 cents in February 2023, but the decline appears to be over as the stock has rebounded from the 61.8% Fibonacci retracement level. Both the Strength and Weakness Index (RSI) and the Average Divergence Index (MACD) show strong upward momentum.
In my opinion, stronger top-line growth will be a near-term positive for Recreation & Leisure Company, which closes its accounts on June 30 every year, has been facing net losses between the third quarter of fiscal year 2021 and the fourth quarter of fiscal year 2022. However, the company successfully turned a profit in the first quarter of fiscal year 2023.

Revenue for FY2023 was RM532.1 million, an increase of 26.2% compared to FY2022. The increase in revenue was mainly due to increased sales of condoms and lubricants, especially in Asia and the America.

The easing of global logistics disruptions and stabilization of raw material prices will also help improve Karex's profitability during this period. As a result, core net profit increased to RM15.4 million in FY2023 (net loss of RM3.9 million in FY2022).

However, what is surprising is that after the company announced its fourth-quarter results, it announced an interim dividend of 0.5 cents per share (accounting for 50% of net profit per share). This sudden surprise exceeded market expectations.

We understand that from 2020 to mid-2022, the global condom market experienced a difficult period of sharp decline in sales.

Sales of major players in the condom industry have experienced double-digit declines in the past two years. This situation is mainly related to the impact of the COVID-19 pandemic, with lockdown measures limiting human interaction and affecting condom use.

However, according to recent reports in Chinese media, condom products have experienced strong consumer demand this year, especially from online platforms, as coronavirus pandemic controls are eased and social and economic activities gradually return to normal.

The company has also launched a new condom product and is currently seeking approval from the U.S. Food and Drug Administration (FDA). The new condom product uses a thin film plastic material, resulting in better temperature and a more realistic feel.

This improvement is expected to encourage people to switch to this new product. It is worth mentioning that the profit margin of this new product is significantly higher. You can study Condom 001.

On the other hand, raw material (natural rubber and latex) and freight prices continued to return to their original levels after the epidemic eased, and increased the company's profits.

Karex is exposed to foreign currency risk in sales and purchases involving U.S. dollars. The appreciation of the US dollar against the ringgit will have a positive overall impact on its revenue.

According to my estimation, every 10% appreciation of the US dollar against the ringgit may increase the company's net profit margin by a single-digit percentage. However, this does not take into account the company's foreign exchange hedges, which may mitigate the impact of currencies on its financial position. However, dollar loans used to support overseas operations may offset this effect to some extent.

Karex is a Malaysian condom manufacturing and sales company that also provides personal lubricants, sex toys, catheters, probe covers, HIV and pregnancy test kits, and other medical-related products.

The company operates in Africa, Asia, the America and Europe. It serves brand owners, governments, NGOs and retail buyers.

Conclusion:

Karex's net profit growth has been boosted by a surge in demand for condoms as pandemic restrictions ease and socioeconomic activities return to normal. Stable production costs have increased net profit margins.

Karex shares appear to have stopped falling, with strong technical indicators showing signs of recovery. If its stock price breaks out of the cloud resistance, it could be on track for a significant move higher.

The stock's recent decline may simply be because funds are waiting for FDA approval of new condoms. Once it gets FDA approval, this condom stock is expected to hit a new high.

Regardless, freight costs, soaring latex prices, and a sharp decline in condom sales are potential risks that could curb Karex's profits.

I think the highest price it can go is 4.95/4.96.

Sime Darby Acquisition of UMW is Inevitable

The merger of Sime Darby (SIME) and UMW (UMW) is a rare group marriage. Both are companies owned by Permodalan Nasional Bhd (PNB).

Among them, National Investment Corporation directly and indirectly holds 61.18% of UMW, which is the share Sime Darby wants to acquire; and this government-linked institution also directly and indirectly holds 42.84% of Sime Darby's shares.

Sime Darby proposed a cash acquisition of RM5 per share, which would cost approximately RM3.574 billion. It looks like money is transferred from the left pocket to the right pocket. There is no difference.

If this merger and acquisition is regarded as a large cash-out for PNB, once approved, PNB actually sold off the equity of a company and received a cash income of RM3.574 billion. At this time of economic instability, it will undoubtedly provide itself with a large amount of ammunition, which can serve as important equipment for offense and defense.

Not only that, UMW turned around and fell into the arms of Sime Darby. However, Sime Darby was controlled by National Investment Corporation, and the cash was withdrawn. The company's equity was still firmly controlled by itself (another subsidiary). This is killing-two-birds-with-one-stone plan is indeed a great one!

At the same time, Sime Darby can further propose a compulsory acquisition of UMW to increase its control. Whether the purchase price of RM5 from other retailers is fair or not is a matter of opinion. However, most retailers are reluctant to give up UMW. Because UMW's performance has been stable for a long time; and because its major shareholder, National Investment Corporation, is willing to receive dividends from UMW, UMW is generous in distributing dividends and its returns are higher than the average level. It is a high-quality stock that is loved by shareholders. share.
At this Thursday's (16th November 2023) EGM, shareholders will decide whether the acquisition will go ahead. National Investment Corporation and related persons will not be allowed to participate in the voting as they are related parties. In addition, the Provident Fund Board, as the major shareholder of the two companies (holding 14.77% of Sime Darby and 10.05% of UMW respectively), was also prohibited from voting, which became an episode in the merger. Therefore, retailers will play a key role in this merger and acquisition.

I still remember that 6 years ago (2017) Sime Darby proposed to split the company from one time-honored brand to three, holding plantation, property and other businesses respectively. This company with "other businesses" is still used today as "Sime Darby", which is also the protagonist of the merger and acquisition of UMW.

UMW owns the Toyota brand distribution rights and also holds a 38% stake in Perodua. After acquiring UMW, it is a full of fantasy whether Sime Darby will want to further get involved in Perodua.

In any case, once shareholders approve the resolution of the EGM, it is expected that the Provident Fund Board (14.77%) and the Pension Board 83.8% (7.84%) will also accept subscriptions, and Sime Darby’s shareholding will increase to 83.8%, leaving the delisted 90%. It is only a few cents away. If retailers want to refuse to accept the acquisition, they are afraid that they are not capable enough to do so.

Sime Darby Acquisition of UMW is Inevitable

The merger of Sime Darby (SIME) and UMW (UMW) is a rare group marriage. Both are companies owned by Permodalan Nasional Bhd (PNB).

Among them, National Investment Corporation directly and indirectly holds 61.18% of UMW, which is the share Sime Darby wants to acquire; and this government-linked institution also directly and indirectly holds 42.84% of Sime Darby's shares.

Sime Darby proposed a cash acquisition of RM5 per share, which would cost approximately RM3.574 billion. It looks like money is transferred from the left pocket to the right pocket. There is no difference.

If this merger and acquisition is regarded as a large cash-out for PNB, once approved, PNB actually sold off the equity of a company and received a cash income of RM3.574 billion. At this time of economic instability, it will undoubtedly provide itself with a large amount of ammunition, which can serve as important equipment for offense and defense.

Not only that, UMW turned around and fell into the arms of Sime Darby. However, Sime Darby was controlled by National Investment Corporation, and the cash was withdrawn. The company's equity was still firmly controlled by itself (another subsidiary). This two-bird-with-one-stone plan is indeed a great one!

At the same time, Sime Darby can further propose a compulsory acquisition of UMW to increase its control. Whether the purchase price of RM5 from other small shareholders is fair or not is a matter of opinion. However, most small shareholders are reluctant to give up UMW. Because UMW's performance has been stable for a long time; and because its major shareholder, National Investment Corporation, is willing to receive dividends from UMW, UMW is generous in distributing dividends and its returns are higher than the average level. It is a high-quality stock that is loved by shareholders. share.
At this Thursday's (16th November 2023) EGM, shareholders will decide whether the acquisition will go ahead. National Investment Corporation and related persons will not be allowed to participate in the voting as they are related parties. In addition, the Provident Fund Board, as the major shareholder of the two companies (holding 14.77% of Sime Darby and 10.05% of UMW respectively), was also prohibited from voting, which became an episode in the merger. Therefore, retailers will play a key role in this merger and acquisition.

I still remember that 6 years ago (2017) Sime Darby proposed to split the company from one time-honored brand to three, holding plantation, property and other businesses respectively. This company with "other businesses" is still used today as "Sime Darby", which is also the protagonist of the merger and acquisition of UMW.

UMW owns the Toyota brand distribution rights and also holds a 38% stake in Perodua. After acquiring UMW, it is a full of fantasy whether Sime Darby will want to further get involved in Perodua.

In any case, once shareholders approve the resolution of the EGM, it is expected that the Provident Fund Board (14.77%) and the Pension Board 83.8% (7.84%) will also accept subscriptions, and Sime Darby’s shareholding will increase to 83.8%, leaving the delisted 90%. It is only a few cents away. If retailers want to refuse to accept the acquisition, they are afraid that they are not capable enough to do so.

Edaran is the 2nd MYEG but not famous. Easily manipulate my stockists. But must have 10% in the 2024 portfolio.

Water tariff wil be raised starting 1 January 2024. Ranhill, PBA, Salcon are involved. Must pick one of them to be in the portfolio for 2024.

Deepavali long weekend selling pressure. Hope can close at RM1.00.

Nanyang Experts Discuss Stocks
Rising Stocks: Digital Systems (EDARAN) Resistance At RM1.11

(EDARAN, 5036, a main board technology stock) may rise to RM1.11 level in the short term.

Price to earnings ratio: 23.286 times
52-week high: RM1.04
52-week low: RM0.44

Nov 2023 - RM1.00
Feb 2024 - RM1.20
May 2024 - RM1.40
Aug 2024 - RM1.60
Nov 2024 - RM1.80

Hopefully it is green today (10 Nov 2023).

As long as rr88 do not come here to say formation of the shooting star candlestick, sell, cut loss; it is peacefull enough already.

Never mind what price it close. This Ranhill can keep for long term. As long as EAGLE77 do not come here to SLAUGHTER-SLAUGHTER with the photos of parang and drops of blood is peaceful enough.

https://theedgemalaysia.com/node/689439

RHB raises Ranhill target price to RM1.09 on undemanding valuation

KUALA LUMPUR (Nov 9): RHB Research has kept its 'buy' call for Ranhill Utilities Bhd and raised its target price to RM1.09 from 72 sen previously, as Ranhill’s valuation remains undemanding.

The research house’s optimism is also driven by Ranhill’s growth prospects given its defensive nature, as it is involved in water and power segments.

“We expect Ranhill Utilities’ 3QFY2023 [for the financial year ended September 30, 2023] core profit to grow by 15-25% year-on-year (y-o-y) to a range of RM10.7 million - RM11.7 million. The estimated growth largely stems from the hike in non-domestic water tariffs in Johor which took effect from January, coupled with higher progress billings of its engineering services jobs,” said RHB Research in a note on Thursday.


A near-term catalyst is the possibility of Ranhill being shortlisted as a solar power producer via the remaining 263.6 megawatt (MW) of solar power capacity under the Corporate Green Power Programme (CGPP), the research outfit added.

RHB Research has maintained its earnings forecast for Ranhill for the financial year ending Dec 31, 2023 (FY2023), but increased its net profit projection for FY2024 and FY2025 by 2% and 3% to account for higher forecasted water consumption.

Hence, it is now anticipating Ranhill to deliver an annual net profit of RM46 million in FY2023 — which is less than half of RM97 million achieved in FY2022 — before generating earnings of RM48 million for FY2024 and RM54 million for FY2025.

It should be noted that Ranhill’s subsidiary RanhillSAJ Sdn Bhd recognised RM142.3 million non-revenue water reduction incentives in FY2022. Meanwhile, Ranhill also made full-year earnings recognition from Ranhill Bersekutu Sdn Bhd and Ranhill Worley Sdn Bhd following the completion of their acquisitions in the third quarter of 2021, its previous bourse filing showed.

Going forward, the research outfit also expects water consumption from industrial, commercial and residential properties to rise in the years ahead as Johor's property is backed by Johor Bahru-Singapore Rapid Transit System Link project and the plans expediting the progress of the Johor-Singapore Special Economic Zone.

On top of that, it said a proposal submitted to the cabinet on a mechanism that eliminates ministerial approval for tariff adjustments may allow water tariffs — including domestic ones — to be managed by water supply operators, which seem to benefit Ranhill.

According to RHB Research, another catalyst is the entry of YTL Power International Bhd as Ranhill’s substantial shareholder at 18.9%), given YTL Power's experience in water treatment and power generation, which Ranhill is also involved in.

“Moreover, YTL Power’s plan to venture into data centres in Johor could spur water demand for data centre cooling systems, in our view. In general, 1MW of data centre capacity may require circa 25,500 cu m [cubic metre] of water per year. As such, a main potential beneficiary would be RanhillSAJ, the sole and exclusive provider of source-to-tap water supply in Johor,” it added.

Ranhill's share price surged 54% or 31.5 sen this month so far to 89.5 sen, its highest in more than three years, following the emergence of YTL Power as its substantial shareholder on Nov 1.

Year to date, the stock has almost doubled from 45.5 sen on Dec 30, 2022.

All time high is RM2.50.

@ BE_GREEEEDY
Feb 2024: RM1.20
May 2024 RM1.40
Aug 2024 RM1.60
Nov 2024 RM1.80

Tomorrow & Friday RM0.965 - RM1.00

@ Pak Tua:
Terima kasih atas sokongan anda kerana dapat bertahan tekanan jualan daripada RM1.00 ke RM0.965. Kita sama-sama berharap agar suatu hari nanti ia dapat melepasi rintangan RM1.00 dengan meyakinkan.

Words of wisdom from OTB (Ooi Teik Bee)

FBMKLCI index is bullish now.
I believe we can see a bull market rally from now until Chinese New Year (February 2024).
The Weekly MACD and Parabolic SAR are still showing a buy signal respectively.
I like Weekly MACD to show a buy signal because the uptrending will last for a LONG period of time.

If sell already, buy what woh? Just keep lah.

Better slow, steady and surely! No worries.

The road to the destination is not a short journey, not a straight road, and a few storms here and there really do not worry long distance travellers! Just wait patiently for it (Edaran improving results) to happen.

Nanyang Experts Discuss Stocks
Rising Stocks: EDARAN Resistance RM1.11

The daily stock price trend of Digital Systems (EDARAN, 5036, a main board technology stock) showed a technical rebound trend on November 7. The closing price was 81.5 cents, up 30 cents or 58.25% on the day. The stock may rise to 82 sen-RM1.11 level in the short term.

To all investors in this forum, kindly please have patient and faith in EDARAN. It is the second MYEG.

Good luck to each one of you all. I hope that each one of us here will stay healthy and laughing all the way to the bank. Thank you.

Kepada semua ahli-ahli forum ini, sila mempunyai nilai kesabaran dan keyakinan kepada EDARAN. Ia bagaikan MYEG yang kedua.

Saya berdoa agar setiap ahli forum ini sentiasa sihat dan setelah sasaran kewangan anda daripada saham EDARAN dicapai, kongsikanlah dengan ahli-ahli keluarga anda. Terima kasih.

Tomorrow (Wednesday, 8 November 2023), there will be another limit up.

1.3 × RM 0.815 = RM1.06.

Thursday (9 November 2023), the price will still be RM1.06; because only two consecutive limit ups are allowed. Then, on Friday (10 November 2023), I think the price will be close to 1.3 x RM1.06 = RM1.38 (up-down-up-down ...) but eventually, it will close at RM1.38. Next week, it will be free float.

https://theedgemalaysia.com/node/689104
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

https://theedgemalaysia.com/node/689104
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

https://theedgemalaysia.com/node/689104
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

https://theedgemalaysia.com/node/689104
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

https://theedgemalaysia.com/node/689104

https://theedgemalaysia.com/node/689104
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.
https://theedgemalaysia.com/node/689104

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.

In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.

https://theedgemalaysia.com/node/689104