Property activities: An artist’s impression of the Lavanya Residences. Kobay expects to complete phase two of the Langkawi project by the end of financial year 2022.
ONE of the top performing stocks on Bursa Malaysia year-to-date is Kobay Technology Bhd
. It isn’t entirely clear what has driven investors to it but they have done so, driving up its share price more than six times in that period.
At around RM5 a piece, its shares have never traded this high since its listing back in 1997. The company’s market capitalisation has grown from a mere RM244mil at the beginning of the year to hit RM1.56bil currently.
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