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KUALA LUMPUR :The FBM KLCI edged up at midday on Thursday, lifted by select blue chips while ringgit climbs against the US dollar.
KUALA LUMPUR: Shares of integrated palm oil and healthcare-based Southern Acids (M) Bhd rose to a high of RM4.80, the highest since mid-August on rising optimism on its potential diversification into property.
LOW profile Southern Acids (M) Bhd is back on analysts’ radar. Analysts are giving the thumbs up to the integrated palm oil and healthcare-based stock given its healthy balance sheet with a net cash of RM164.2mil as at the end of March, which supports the company’s future expansion as well as dividend payments.
KUALA LUMPUR: Southern Acids (M) Bhd said its recent share price hike could probably due to a raised target price by a research house, it said on Monday.