KUALA LUMPUR (Jan 30): Two counters linked to Tan Sri Tan Kay Hock, namely Johan Holdings Bhd and George Kent (M) Bhd, saw their respective share prices hit a one-year high during Tuesday’s trading session.
Johan, which was barely traded with a two-month average volume of 467,500, emerged among the most active stocks on Bursa Malaysia after Tuesday’s noon break. It saw a total of 41.2 million shares change hands, its highest since August 2021.
The counter recorded its one-year high at 8.5 sen during Tuesday’s trading session, before closing at 7.5 sen — still up by 1.5 sen or 25% from its previous closing price of six sen. At 8.5 sen, the group is valued at RM87.6 million.
With the hike in US tariffs on Chinese rubber medical and surgical gloves from 7.5% to 25% in 2026, Malaysian glove exporters will be able to compete as Chinese gloves will be more expensive in about two years compared to now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bull13
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Posted by Bull13 > 2023-03-28 18:00 | Report Abuse
Glove and technology, next.