KTB (4847) - Konsortium Transnasional rises 14.5% on fare hikes
March 19, 2015 : 2:55 PM MYT
KUALA LUMPUR (March 19): Shares of Konsortium Transnasional Bhd (KTB) ( Financial Dashboard) were heavily traded today, after the Land Public Transport Commission announced a fare hike for express buses.
The stock was one of the most-active stocks on Bursa Malaysia today — some 17.5 million KTB shares were traded as at 2.35pm — and its share price was up 4.5 sen or 14.5% to 35.5 sen.
It was trading between 32 sen to 36.5 sen in the morning trade.
SPAD will raise express bus fares to 11.4 sen per km, up 22.58% from 9.3 sen per km before. The new fare will be effective from May 15, 2015.
KTB is the largest operator of public bus transportation in Malaysia. It operates express bus "Transnasional", economy express bus "Plusliner" and executive and luxury coaches “Nice".
theedgemarkets.com has also highlighted today , KTB (fundamental: 0.3; valuation: 1.2) as a stock with momentum.
http://www.theedgemarkets.com
March 19, 2015 : 2:55 PM MYT
KUALA LUMPUR (March 19): Shares of Konsortium Transnasional Bhd (KTB) ( Financial Dashboard) were heavily traded today, after the Land Public Transport Commission announced a fare hike for express buses.
The stock was one of the most-active stocks on Bursa Malaysia today — some 17.5 million KTB shares were traded as at 2.35pm — and its share price was up 4.5 sen or 14.5% to 35.5 sen.
It was trading between 32 sen to 36.5 sen in the morning trade.
SPAD will raise express bus fares to 11.4 sen per km, up 22.58% from 9.3 sen per km before. The new fare will be effective from May 15, 2015.
KTB is the largest operator of public bus transportation in Malaysia. It operates express bus "Transnasional", economy express bus "Plusliner" and executive and luxury coaches “Nice".
theedgemarkets.com has also highlighted today , KTB (fundamental: 0.3; valuation: 1.2) as a stock with momentum.
http://www.theedgemarkets.com
