Bursa Malaysia Stock Watch
P&O rallies, Prudential may acquire stake
kltrader
Publish date: Mon, 02 Aug 2010, 04:20 PM
kltrader
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KUALA LUMPUR: Shares of Pacific Orient Bhd rose in early trade on Monday, Aug 2 on news reports that Prudential could be keen to acquire a stake in the insurance company.At 9.54am, P O was up 9.5 sen to RM1.02, off the early high of RM1.09. There were 8.79 million shares done.A wire report said Prudential could be targeting stake in the local insurer.
P O posted net profit of RM3.247 million in its second quarter ended March 31, 2010 versus RM2.51 million a year ago. Its revenue was RM134.83 million versus RM111.63 million a year ago.
P O posted net profit of RM3.247 million in its second quarter ended March 31, 2010 versus RM2.51 million a year ago. Its revenue was RM134.83 million versus RM111.63 million a year ago.
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