KUALA LUMPUR: Southern Acids (M) Bhd
said its recent share price hike could probably due to a raised target price by a research house, it said on Monday.
According to its unusual market activity reply to Bursa Malaysia, the group said “The revision was made after the research house revised their estimate of value on our 260.82 ha (644.49 acres) oil palm estate land in Selangor, after equating the said land with property development in the nearby area”.
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