KNM Group KNM shares rose 11 sen, or 3.68%, to RM3.10 yesterday on what an analyst attributed to a favourable outlook for the company as its businesses were expected to do well with the rising oil prices.The company had recently posted its second quarter results, which indicated an increase in net profit to RM9.9mil this year from RM3.9mil in the corresponding period last year. KNM : [Stock Watch] [News]
TIME dotCom TIME dotCom shares rose only 0.5 sen to 56.5 sen yesterday although trading volume hit almost 22 million. According to an analyst, the heavy trading could be due to expectations of the company embarking on a restructuring scheme.The company is expected to be Khazanah Nasional’s next target for restructuring and a merger might be in the works,said the analyst. TIMECOM : [Stock Watch] [News]
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