For April, the 30-stock index was up 9.46 points or 0.58% from a month ago.
KUALA LUMPUR: Cashless payment solutions provider Revenue Group Bhd
rose to an eight-month high of RM1.57 on Thursday.
At 2.53pm, it was up 15 sen to RM1.57 with 5.98 million shares done.
The FBM KLCI was down 1.54 points or 0.09% to 1,688.51. Turnover was 1.97 billion shares valued at RM968.05mil. There were 402 gainers, 330 losers and 373 counters unchanged.
The company was listed on July 18, 2018 on the ACE Market and its offer price was 37 sen per share. It rose to an intra-day high of RM1.57 on Nov 21 last year.
At the current price, it is trading at an estimated price-to-earnings of 39.49 times.
Revenue Group's strategy was to leverage on the growing electronic payment (e-payment) transaction segment under the government’s push for a cashless society by 2020.
The company had estimated there would be 800,000 electronic data capture (EDC) terminals in Malaysia, processing one billion transactions by 2020.
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