Quick take: Fibon jumps 34% in active trade

KUALA LUMPUR: Fibon Bhd is among the most actively traded counters on Bursa Malaysia in early trade Monday.

The counter jumped 34.23%, or 19 sen to 74.5 sen with over 13 million shares traded. Year-to-date, it has risen a whopping 140%.

A check on previous filings on Bursa Malaysia by Fibon indicated no recent corporate developments that might have contributed to the sudden interest in the counter.

Fibon is an investment holding company, which engages in the manufacture of polymer matrix fiber composites for the manufacturing of high-amperage insulators.

In the third quarter ended Feb 28, Fibon posted a net profit of RM435,000 against RM298,000 in the same quarter a year ago. Its revenue was flat for the quarter at RM3.33mil.

For the first nine months, Fibon posted a net profit of RM1.03mil, down 21.5% from RM1.32mil in the same period last year.

Revenue for the period fell 12.4% to RM9.31mil against RM10.63mil previously.

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