Friday, June 25, 2010

Stamford College shares jump

KUALA LUMPUR: Shares of STAMFORD COLLEGE BHD [] is up 20 sen to 50 sen in late afternoon trade on Friday, June 25 on trading interest in education providers after recent run-up in SEG INTERNATIONAL BHD [] and HELP.

At 3.06pm, Stamford College is up 20 sen to 50 sen with 7.6 million shares done. The FBM KLCI is down 2.12 points to 1,323.75.

The company is a Practice Note 17 company and is awaiting Bursa Malaysia Securities' approval for its proposed diversification into steel products.

On March 4, it proposed to diversify into the manufacturing of low alloyed, alloyed and long steel products.

In the first quarter ended March 31, 2010, it reported net profit of RM1.61 million on the back of RM9.65 million in revenue. Its net assets per share was 56 sen.

No comments:

Post a Comment