Stock With Momentum: K-One Technology

TheEdge Wed, Nov 07, 2018 10:21am - 5 years View Original


K-One Technology Bhd (-ve)

ACE Market-listed K-One Technology Bhd (fundamental: 2.25/3, valuation: 0.3/3), which closed three sen or 10.91% higher at 30.5 sen on Monday, has made it into our Stocks with Momentum list for the seventh time since Oct 1 this year.

A total of 33.77 million shares were crossed, versus the counter’s 200-day average trading volume of 2.12 million shares. It closed with a market capitalisation of RM158.34 million.

The technology solutions provider is principally involved in security and surveillance gadgets, consumer electronic lifestyle and industrial products, medical devices and automotive aggregates.

On Monday, K-One proposed a bonus issuance of up to 130.16 million new shares on the basis of one bonus share for every five existing shares. It also proposed the issuance of up to 195.24 million free warrants on a one-for-four basis.

The board said the issue and exercise price, as well as the entitlement date of the issuances, will be determined later.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

K1 0.150

Comments

Login to comment.