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The share price of PPB Oil Palms Bhd (PPBOP) rose to a day's high of RM7 on Bursa Malaysia before closing 20 sen higher at RM6.90 yesterday in anticipation that the company's Indonesian operations would contribute potentially strong profit growth, according to analysts.
With most companies' financial results just in line or below expectations, main board stocks made only modest gains in the first half of 2006. The synchronised weakening of sentiment in global and regional markets in the second week of May also did not help.
EO Property Development Bhd (EOProp) reported a 67.1% jump in net profit to RM63.6mil for the financial year ended March 31 on a 71.8% hike in revenue to RM762.5mil.
Kumpulan Perangsang Selangor Bhd (KPS) is looking to acquire water treatment plants to enhance the vibrancy of the company, said executive chairman Datuk Abdul Karim Munisar.