OPCOM (0035) - CMSB, Opcom in focus amid quiet market
Friday, 3 April 2015
KUALA LUMPUR: Cahya Mata Sarawak (CMS) and Opcom rose in relatively active trade on Friday amid a mixed broader market but the FBM KLCI managed to inch up slightly on some buying of Telekom Malaysia.
At 12.30pm, the FBM KLCI was up 1.7 points or 0.09% to 1,833.67. Turnover was 1.028 billion shares valued at RM554mil. There were 299 gainers, 306 losers and 330 counters unchanged.
CMS surged 25 sen to RM4.75 after the group announced it bought a 50% stake in Sarawak-based telecommunications infrastructure and services company Sacofa Sdn Bhd for RM186.79mil or RM4.40 per share.
Sacofa currently enjoys a monopoly in the state in providing telecommunication towers to telcos players, which include Celcom, DiGi and Maxis.
Fibre optic cable manufacturer Opcom rose 11 sen to RM1.29 in renewed trading play on investors expectations of stronger growth. The share price surged last month after Tan Sri Mokhzani Mahathir was redesignated as the chief executive officer from a non-executive role previously.
http://www.thestar.com.my/
Friday, 3 April 2015
KUALA LUMPUR: Cahya Mata Sarawak (CMS) and Opcom rose in relatively active trade on Friday amid a mixed broader market but the FBM KLCI managed to inch up slightly on some buying of Telekom Malaysia.
At 12.30pm, the FBM KLCI was up 1.7 points or 0.09% to 1,833.67. Turnover was 1.028 billion shares valued at RM554mil. There were 299 gainers, 306 losers and 330 counters unchanged.
CMS surged 25 sen to RM4.75 after the group announced it bought a 50% stake in Sarawak-based telecommunications infrastructure and services company Sacofa Sdn Bhd for RM186.79mil or RM4.40 per share.
Sacofa currently enjoys a monopoly in the state in providing telecommunication towers to telcos players, which include Celcom, DiGi and Maxis.
Fibre optic cable manufacturer Opcom rose 11 sen to RM1.29 in renewed trading play on investors expectations of stronger growth. The share price surged last month after Tan Sri Mokhzani Mahathir was redesignated as the chief executive officer from a non-executive role previously.
http://www.thestar.com.my/
