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Food supplements is good business for PeterLabs
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.
PeterLabs eyes overseas expansion
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.
New IPOs see lacklustre demand
The last three companies to list on the Bursa Malaysia have seen their share prices trade below their listing prices.
Support Line
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.
Peterlabs catches Fatfish Ventures
PETALING JAYA: Low profile Peterlabs Holdings Bhd rarely makes headlines but the entry of investment firm Fatfish Ventures Sdn Bhd is likely to change that.
Fatfish seeks to remove seven Peterlabs directors
The firm and other shareholders want to bring in three new faces
Shareholder’s four-pronged plan for Peterlabs
PETALING JAYA: The shareholder of Peterlabs Holdings Bhd seeking to change its board composition said he has a four-pronged strategy to increase the profitability of the firm.
Boardroom tussles stir excitement
Although not uncommon in the listed-company scene, boardroom tussles seem to be creating a bigger presence of late.
Institutional shareholders flex their muscles
Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.
Trading ideas: Bioalpha, Alam Maritim, Peterlabs, Comintel Corp, Careplus, Xidelang
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.
