Bursa Malaysia Stock Watch
Rubber Stocks PE
kltrader
Publish date: Thu, 14 Jan 2010, 09:11 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Written by Joseph Chin
Thursday, 14 January 2010 14:40
KUALA LUMPUR: Integrated Rubber Corp Bhd (IRCB), whose share price surged to RM1.74 at the midday break on Thursday, Jan 14, is trading at a price-to-earnings of 82.16 times, which is the highest in the sector.
Due to the unusual market activity regarding the share price and volume traded, the company said it was unaware of the reasons. Trading was halted from 2.30pm to 3.30pm.
Data obtained from Bloomberg showed the average PE for the sector in the healthcare equipment and services was 23.94 times.
ADVENTA BHD [], whose share price was at RM4.22 at midday, was trading at a PE of 35.9 times; LATEXX PARTNERS BHD [] RM4.84 (22.67 times), KOSSAN RUBBER INDUSTRIES BHD [] RM6.93 (19.19 times) and Supermax Corp Bhd RM6.09 (18.47 times).
Top Glove Bhd, the world's largest glove maker, which closed at RM11.74 at midday, is only trading at a PE of 17.27 times and HARTALEGA HOLDINGS BHD [] RM7.34 (15.85 times).
Thursday, 14 January 2010 14:40
KUALA LUMPUR: Integrated Rubber Corp Bhd (IRCB), whose share price surged to RM1.74 at the midday break on Thursday, Jan 14, is trading at a price-to-earnings of 82.16 times, which is the highest in the sector.
Due to the unusual market activity regarding the share price and volume traded, the company said it was unaware of the reasons. Trading was halted from 2.30pm to 3.30pm.
Data obtained from Bloomberg showed the average PE for the sector in the healthcare equipment and services was 23.94 times.
ADVENTA BHD [], whose share price was at RM4.22 at midday, was trading at a PE of 35.9 times; LATEXX PARTNERS BHD [] RM4.84 (22.67 times), KOSSAN RUBBER INDUSTRIES BHD [] RM6.93 (19.19 times) and Supermax Corp Bhd RM6.09 (18.47 times).
Top Glove Bhd, the world's largest glove maker, which closed at RM11.74 at midday, is only trading at a PE of 17.27 times and HARTALEGA HOLDINGS BHD [] RM7.34 (15.85 times).
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