KUALA LUMPUR: Lim Seong Hai Capital Bhd (LSH Capital) made a stellar debut on the LEAP Market on Friday, opening at 26 sen or 13 sen above its offer price of 13 sen amid a weak broader market.
At 9.03am, it was trading at 26 sen. There were 1.25 million shares done between 26 sen and 28 sen.
The FBM KLCI fell 7.05 points or 0.47% to 1,505.88. Turnover was 142.16 million shares valued at RM73.88mil. There were 123 gainers, 126 losers and 240 counters unchanged.
LSH Capital recorded a net profit of RM5.56mil in the first half of its 2021 financial year, which was a near two-fold increase from RM1.48mil in the immediate preceding period. Revenue for the six months rose 85% to RM41.61mil from RM22.49mil previously.
LSH Capital, via its subsidiaries Lim Seong Hai Lighting Sdn Bhd and Knight Auto Sdn Bhd, is principally involved in the provision of building materials, lighting products, and related M&E products and services, hardware and tools, and rental of machinery.