SPI: Following the announcement of a planned takeover of South Peninsular Industries Bhd (SPI) by ECM Libra, which would convert the plastic injection moulding company into a regional boutique financial services provider, SPI's stock price has risen significantly. SPI's shares, which were traded at an average price of RM1.35 since the beginning of the year, surged to a six-year high of RM3.58 on Nov 4. This was nearly double its closing price of RM1.96 on Oct 30, when the announcement was made. Stock Watch On SPI
Orisoft: Orisoft Technology Bhd is one of many Mesdaq stocks that have captured investors' interest. It is also a favourite among several research houses owing to its “strong earnings potential”. Since listing on June 10, the company’s share price has doubled from 45 sen to 90 sen yesterday. It is interesting to note, however, that the company is still under-performing the CI. Stock Watch On ORISOFT
FBO: The last three months have seen Furqan Business Organisation Bhd (FBO) shares spring to life with much vigour. Interest in the counter largely has been fuelled by the recent string of boardroom changes, off-market trades, and share disposals by its substantial shareholder. From Aug 27, when the price leapt almost 19% to close at 41 sen, an average of 17 million FBO shares have been changing hands daily, making it one of the most heavily traded counters. Stock Watch On FBO
Binaik: The share price of this Johor-based property developer has been volatile the past few months. Between Sept 18 and 22, its share price surged 49 sen to RM1.98. Since then, the counter has vacillated between spiking up and diving. It hit a high of RM2.55 on Nov 14. Binaik, when queried by the KLSE, said it knew of no developments that would account for the unusual activity. Stock Watch On BINAIK
Tanamas: Heavy speculative play was cited as the main reason for the recent run-up of this little-known second board oil palm company. The counter came under the spotlight on Sept 25, when the steady ramp-up on high volumes begun, and prices reached a high of RM6.95 on Nov 4. Before that it had traded below RM1.70 throughout the year, except on three occasions. Stock Watch On TANAMAS
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Stock Watch On SPI
