Cape EMS shares slide on disappointing results

KUALA LUMPUR: The trading stock of Cape EMS Bhd plunged to historically low trading levels on Tuesday after it posted sharply lower earnings for the fourth quarter of its 2023 financial year (4QFY23).

The electronic manufacturing services (EMS) provider, which made its debut on the Main Market less than a year ago, opened 13 sen or 11.5% lower at RM1 before descending to an all-time trading low of 92 sen a share.