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BELIEVE it or not, the business of making vitamins and supplements for fish can be a big business. And there are companies whose very business model thrives on this. One of them is PeterLabs Holdings Bhd, an animal health and nutrition products maker which is slated to be listed on the ACE Market of Bursa Malaysia on July 26.
KUALA LUMPUR: PeterLabs Holdings Bhd opened with 0.5 sen premium but closed at 24 sen, six sen lower than its listing price of 30 sen yesterday. The ACE Market-listed company was the second most active stock of the day but it now joins other recent listings, Catcha Media Bhd and Hibiscus Petroleum Bhd, which had also seen their share prices drop below their issue prices.
KUALA LUMPUR: JF Apex Research expects Bioalpha Holdings Bhd, Alam Maritim Resources Bhd, Peterlabs Holdings Bhd, Comintel Corp Bhd, Careplus Group Bhd, Xidelang Holdings Ltd and Cepatwawasan Group Bhd to be among the stocks to watch on Thursday.
KARYON Industries rebounded from a near 19-month low of 21.5 sen last Friday to achieve an intra-day high of 24.5 sen on fresh bargain hunting interest. Based on the daily chart, the short-term trend is bearish, as long as the descending line, resting at the 29-sen level, remains intact. Concrete support is envisaged at the 19-sen floor.
BRITE-TECH reversed from an early 3½-year high of 36 sen to close a tick lower at 33.5 sen. Technically, the overbought condition of the stochastic suggests correction in the short-term, with initial support resting at the 30 sen-mark, followed by the 27 sen line. A breach of the 42 sen mark would see the bulls becoming more aggressive.
Although not uncommon in the listed-company scene, boardroom tussles seem to be creating a bigger presence of late.