Quick take: PiCorp jumps 15% on Indonesia contract win

KUALA LUMPUR: Progressive Impact Corp Bhd’s (PiCorp) shares jumped more than 15% in early trade Friday after the company secured a RM31mil contract in Indonesia.

PiCorp, one of the most actively traded counters, jumped 15.38%, or two sen to 15 sen with 2.9 million shares done. In the past one year, the counter has fallen some 9.3%. It is trading at a P/E ratio of 60 times