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CEPATWAWASAN Group Bhd shares hit a new high of RM2.47 yesterday but succumbed to profit-taking later in the day to close nine sen lower at RM2.18. But even at that level, the price of the stock was 269% higher than the 59 sen it touched exactly a year ago.
Loders Croklaan, which IOI Corp Bhd took over in 2002, is making its first major investment since the takeover.
CYMAO Holdings Bhd is confident its strong emphasis on research and development (RD) on wood products will enable it to gain bigger market share in Europe and the Middle East.
SOME negative news flow amid bullish investor sentiment is not expected to dampen movements of second and third liners that are generally more speculative in nature and sensitive to market rumours. Some are also seen to have potential following restructuring, and mergers and acquisitions.