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SYNERGY House Bhd was one of the few ACE Market initial public offerings (IPOs) in 2023 that surprisingly underperformed on its debut, opening nearly 12% lower than its 43 sen offer price.
However, those who had subscribed for its shares then and held on would be well pleased with the s...
PETALING JAYA: Poh Huat Resources Holdings Bhd is expected to receive more sales orders in the coming months with demand recovery for its furniture, says TA Research.
theedgemalaysia.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.
Shares in Poh Huat Resources Holdings Bhd climbed to a three-year high during the morning trade session on Monday, after the furniture maker posted improved quarterly earnings for the first quarter ended Jan 31, 2024 (1QFY2024).
KUALA LUMPUR: Companies spurring investors interest include Gamuda, Cypark, Mudajaya, Poh Huat, Sapura Resources, LYC, MKHOP, Capital A and Yinson, said Apex Securities Research.
Stronger furniture demand from North America lifted Poh Huat Resources Holdings Bhd's net profit for its first quarter up 50.94% to RM10.3 million from RM6.83 million in the corresponding quarter a year ago.
LOCAL furniture players have experienced a significant slowdown in orders since early this year, owing to tepid demand from US customers stuck with surplus inventories. That said, some of them have delivered a better quarterly financial performance on the back of a slight recovery in the furnitur...
theedgemalaysia.com highlighted seven stocks with momentum during Bursa Malaysia’s afternoon close on Thursday. Two stocks displayed positive momentum, while the other five indicated negative momentum.