THIS stock rose 5 sen or 18% to a 52-week high of 33 sen yesterday, buoyed by the current strong interest in Mesdaq-listed companies. It was the day's most actively traded counter with 55.5 million shares changing hands.
Willowglen's share price has nearly doubled since the start of the year, although the company had slipped into the red in its fiscal first quarter ended March 31.
However, it has won a RM6.9mil contract from Singapore's Public Utilities Board to supply it with supervisory control and data acquisitions systems and expects this project to contribute to earnings in the current and next financial year.
A SHIFT in attention to high beta stocks and Carlsberg's announcement on Tuesday that it had terminated its joint venture with Chang Beverage Pte Ltd did not appear to have any effect on the counter, which closed unchanged at RM10.90 yesterday on thin volume.
Analysts said the termination of the joint venture would not have any major impact on the brewer, given the small market share held by the low-priced Chang Beer being promoted by Carlsberg.
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