Lim Seong Hai Capital surges on LEAP Market debut


  • Markets
  • Friday, 30 Jul 2021

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

IPO , Lim Seong Hai Capital , LEAP Market

   

Next In Business News

US dollar likely to keep going strong
World Bank lowers 2023 growth target for M’sia
VS Industry resolves labour shortage issue
Physical stores to drive Beshom sales
Apollo Food cautious about challenges ahead
Poh Kong posts RM29.8mil earnings in 4Q
SNS Network to leverage on high demand for ICT
Energy crunch will hurt like the 2009 crash if Europe gets it wrong
RHB targets top 10 position in Indonesia
PETRONAS in tie-up with Japan to pursue carbon neutrality

Others Also Read