Quick take: PiCorp jumps 15% on Indonesia contract win
KUALA LUMPUR: Progressive Impact Corp Bhd 
’s (PiCorp) shares jumped more than 15% in early trade Friday after the company secured a RM31mil contract in Indonesia.
PiCorp, one of the most actively traded counters, jumped 15.38%, or two sen to 15 sen with 2.9 million shares done. In the past one year, the counter has fallen some 9.3%. It is trading at a P/E ratio of 60 times
PiCorp said a subsidiary has secured a contract from PT Chevron Pacific Indonesia for environmental sampling and laboratory analysis work in Sumatera.
The estimated total value of the job secured by PT ALS Indonesia is about RM31.3mil.
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