KUALA LUMPUR: Low-profile Far East Holdings Bhd
surged to RM14.50 on Wednesday, extending its gains over the past several days, on rising interest in the Pahang plantation company.
At 11.33am, it was up RM1.30 to RM14.50, which is an all-time high.
The FBM KLCI was up 4.20 points or 0.23% to 1,795.29. Turnover was 1.26 billion shares valued at RM865.48mil. There were 466 gainers, 267 losers and 352 counters unchanged.
At the current price, Far East is trading at a price-to-earnings of 17.7 times. Its market capitalisation is RM2.05bil.
Year-to-date, the share price is up RM5.69 or 64.7%, outpacing most plantation companies listed on Bursa Malaysia.
Perbadanan Kemajuan Perusahaan Pertanian Negeri Pahang is the largest shareholder with 35.60 million shares or 25.18% while Prosper Trading Sdn Bhd holds 33.55 million shares or 23.73%.
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